India, China to set up high level group to tackle Indias trade deficit
* Indian Prime Minister Narendra Modi and Chinese President Xi Jinping agreed to set up a high-level group to tackle India’s trade deficit at the summit held in Mamallapuram, Tamil Nadu. The high-level group will be led by Finance Minister Nirmala Sitharaman from the Indian side and Chinese Vice Premier Hu Chunhua.
* The leaders discussed to improve bilateral ties
* The summit aimed to break through distrust over border disputes, trade rows, and China’s close military ties with Pakistan
* The leaders also said that a new mechanism would be established to discuss trade, investment, and services
* China urged India to take an independent decision on Huawei’s bid for India’s proposed 3G network without heeding to U.S. pressure
* It was also suggested that the two sides to expand cooperation in the military sector to boost trust.
India ranked 7th most valuable nation brand in the world
* India became the seventh most valuable nation brand in the world. The annual report on the world’s most valuable nation brands was compiled by Brand Finance. The report showed India’s brand value increased by 19% in the year 2018-2019 to $2,562 billion. The Indian economy recovered quickly after the global financial crisis. The economic growth of India has now reduced by a recent slowdown in both the manufacturing and construction sectors.
* The US topped as the most valuable nation brand, with a brand value of $27,715 billion. It is followed by China and Germany ranked third.
Naval bilateral exercise between India and Bangladesh is being held
* The maiden naval bilateral exercise between India Navy (IN) and Bangladesh Navy (BN) is being held from 12 October to 16 October 2019 at Visakhapatnam, India.
* The IN-BN exercise aims to strengthen mutual ties between India and Bangladesh.
* Two naval vessels, Bangladesh Navy Ships (BNS) Ali Haider, a Type 053 frigate, and BNS Shadinota, a Type 056 stealth guided missile corvette, are participating in the first bilateral exercise.
Noble Prize Of Economics In India: Indian-origin economist Abhijit Banerjee awarded Nobel Prize
* Indian-origin economist Abhijit Banerjee has been awarded the Nobel Prize for his efforts to alleviate global poverty. He has received the award along with economists Esther Duflo and Michael Kremer.
* Banerjee was a student of South Point School in Kolkata. He was an Economics graduate from Presidency College, Kolkata. He pursued his MA degree in Economics from Jawaharlal Nehru University and his PhD from Harvard in 1983 and 1988 respectively.
Ashleigh Barty wins ‘The Don’ Award
* Ashleigh Barty has been awarded Australian sport’s highest individual honour ‘The Don’ Award at the annual Sport Australia Hall of Fame. With the award, she has joined legends like Cathy Freeman and Ian Thorpe in lifting the prestigious prize.
* Barty was the first Australian to win the French Open in 46 years and is now aiming to become the first Australian woman to end the season with the No.1 ranking since Margaret Court in 1973.
Ramesh Pandey selected for Asia Environmental Enforcement Award
* Indian Forest Service officer Ramesh Pandey has been selected for the prestigious Asia Environmental Enforcement Award by the United Nations Environment Programme. He is known for his investigation and intelligence gathering on poachers. He will receive the award at the United Nations Conference Centre in Bangkok. The selection panel has recognised his excellent work in combating trans-boundary environmental crime.
* Asia Environmental Enforcement Awards aims to publicly recognise outstanding achievements by public organisations and individuals in Asia to combat transboundary environmental crime.
M C Mary Kom wins bronze in World Women’s Boxing Championships
* M C Mary Kom has won the bronze medal in the 51kg event of World Women’s Boxing Championships held in Ulan-Ude, Russia. She lost in an intense semifinal bout to Turkey’s Busenaz Cakiroglu. This bronze is her first world medal in the 51kg category.
Lakshya Sen wins maiden BWF World Tour title
* Indian shuttler Lakshya Sen clinched his maiden BWF World Tour title by winning the Dutch Open men’s singles at Almere in the Netherlands. He rallied from a game deficit to defeat Yusuke Onodera of Japan 15-21, 21-14, 21-15 in a final.
Chandi Prasad Bhatt to get Indira Gandhi award for national integration
* The 31st Indira Gandhi Award for National Integration for the years 2017 and 2018 will be awarded to the pioneer of the Chipko Movement Chandi Prasad Bhatt for his services in promoting and preserving the national integration. He is a Ramon Magsaysay award recipient for the year 1982. He was also awarded Padma Shri in 1986, the Padma Bhushan in 2005 and the Gandhi Peace prize in 2013.
* The award consists of a citation and cash of Rs 10 lakh to be given to the awardee by Congress president Sonia Gandhi on October 31, the death anniversary of former Prime Minister Indira Gandhi.
Director Priyadarshan gets MP govt’s Kishore Kumar award
* Noted director and producer Priyadarshan, who has made several blockbuster Malayalam and Hindi films, was conferred the Madhya Pradesh government’s National Kishore Kumar Samman for 2018-19 at a function in Khandwa, MP. The award, instituted by MP Department of Culture, carries a cash prize of Rs 2 lakh and a citation.
* Khandwa is the birthplace of the legendary singer-actor Kishore Kumar and he had expired on October 13, 1987, in Mumbai.
Margaret Atwood and Bernardine Evaristo jointly win Booker Prize
* Margaret Atwood and Bernardine Evaristo have jointly won the 2019 Booker Prize after judges flout the rules by declaring a tie. The Booker rules say the prize must not be divided, but the judges insisted they could not separate Atwood’s – ‘The Testament’ and ‘Girl, Woman, Other’ by Evaristo, who is the first black woman to win the prestigious award since its creation in 1969.
* British Indian novelist Salman Rushdie’s tragicomic ‘Quichotte’ was among the six books shortlisted for the prize. This was the fifth time that the Mumbai-born novelist was shortlisted, including the 1981 win where he bagged the award for “Midnight’s Children”.
Kayakalp Awards AIIMS Delhi wins top cleanliness award bags 3 crore
* All India Institutes of Medical Sciences (AIIMS) proved in medical expertise but also in hygiene and cleanliness. The premier medical institute bagged the first prize of ₹3 crores under the government’s Kayakalp scheme for 2018-19. The Kayakalp Award instituted as part of the Swachh Bharat Abhiyan on 15 May 2015 as a national initiative to recognize and felicitate public health facilities that demonstrate high levels of cleanliness, hygiene and infection control measures on promoting cleanliness in public spaces.