TODAYS CURRENT AFFAIRS
1.The voting is underway in the United States for the election of next President. The first ballots of votes were cast in the towns in New Hampshire - Dixville Notch and Millsfield. America will soon be deciding the fate of incumbent President Donald Trump and Democrat Joe Biden.
2.The Union Cabinet approved the signing of the Memorandum of Understanding (MoU) between India and Cambodia on cooperation in the field of health and medicine on October 29, 2020.
The MoU will make cooperation strong between the two countries through joint initiatives and technology development in the health sector.
3.The Shipping Ministry has formed a Coastal Shipping Bill in lieu of the Merchant Shipping Act, 1958. The bill is in accordance with the PM's vision for augmenting people's participation and transparency in governance.
The coastal shipping and coastal waters definition has been expanded, and it is planned to do away with the need of trading licence for Indian flag vessels for trading in coastal areas.
4. Election Commission has formed a committee which includes Sh. Harish Kumar, Sh. Umesh Sinha, Secretary-General and DG (Expenditure) Ex. IRS and DG (Investigation),
to examine the issues concerning expenditure limit for a candidate given an increase in the number of electors and the rise in the Cost Inflation Index and other factors.
5. Tamal Bandyopadhyay has authored a book titled “Pandemonium: The Great Indian Banking Tragedy” and will be released on November 09, 2020. This book, published by Roli Books, provides an understanding of the challenges and economic potential of India.
6.India’s first of its kind solar energy-driven miniature train was inaugurated at the Veli Tourist Village, Kerala by Chief Minister Pinarayi Vijayan.
The train which would be an attraction for children especially was part of a string of projects totally worth Rs 60 crore taken up to elevate the facilities at the panoramic destination to international standards.
7.the Reserve Bank of India (RBI) has decided to move to the Next Generation Treasury Application (NGTA) for managing India's foreign exchange and gold reserves in order to improve its functioning.
With this introduction, the NGTA will be a web-based application providing scalability, manoeuvrability and flexibility to introduce new products and securities along with multi-currency transactions and settlements.
8.India’s border areas with Pakistan in Rajasthan would soon be illuminated with renewable energy. The state government will soon ink an MoU with National Thermal Power Corporation (NTPC) and Solar Energy Corporation of India (SECI) to establish Ultra Mega Renewal Energy Power Park.
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