Happy Diwali!” tweets UNGA president Peter Thomson.

“Light over darkness, hope over despair, knowledge over ignorance, good over evil — the UN lights up. Happy Diwali!” tweets UNGA president Peter Thomson.

Diwali was commemorated for the first time at the United Nations, with the world body’s imposing headquarters in New York lit up especially on the occasion of the Indian festival of lights.

The facade of the U.N. headquarters was lit in bright hues and the words ‘Happy Diwali’, along with the image of a traditional diya, projected onto the building.

“Lighting up. @UN lights up for #Diwali for 1st time,” India’s Ambassador to the U.N. Syed Akbaruddin tweeted.

“Happy Diwali! @UN celebrates Diwali for 1st time. Thank you @UN_PGA for this initiative,” Mr. Akbaruddin said in another tweet, thanking General Assembly president Peter Thomson for the initiative.

Source:The Hindu

Central Board of Secondary Education (CBSE) will now have to disclose key details including fees, infrastructure …

Even safety measures and educational qualification of their teaching staff will have to be disclosed

Schools affiliated with the Central Board of Secondary Education (CBSE) will now have to disclose key details including fees, infrastructure, safety measures and educational qualification of their teaching staff.

This information has to be uploaded on both, the school as well as the CBSE board’s websites. In a circular issued by the Deputy Secretary Affiliation, schools have been asked to upload this information by the end of November.

The information sought by the board from all schools is fairly comprehensive and even includes balance sheets, audit reports, student enrolment as well as the academic calendar of events.

The board has also asked schools to upload a five-minute video that displays a “panoramic” view of the campus with images of classrooms, laboratories, playgrounds and libraries. It has even sought details of Internet WiFi speed and MBPS and web-based learning programmes if a school has them on offer. Along with this information, schools will have to list facilities offered such as sports trainings, canteens, hostels, mess and so on. On the matter of fees, the CBSE has asked schools to specify the amount it charges students per standard as well as the division of fees under various categories.

Source:The Hindu

Zoological Society of London (ZSL) to measure the abundance of biodiversity was down 58 per cent from 1970 to 2012

Worldwide populations of mammals, birds, fish, amphibians and reptiles have plunged by almost 60 per cent since 1970 as human activities overwhelm the environment, the WWF conservation group said on Thursday.

An index compiled with data from the Zoological Society of London (ZSL) to measure the abundance of biodiversity was down 58 per cent from 1970 to 2012 and would fall 67 per cent by 2020 based on current trends, the WWF said in a report.

The decline is yet another sign that people have become the driving force for change on Earth, ushering in the epoch of the Anthropocene, a term derived from “anthropos”, the Greek for “human” and “-cene” denoting a geological period.Conservation efforts appear to be having scant impact as the index is showing a steeper plunge in wildlife populations than two years ago, when the WWF estimated a 52 per cent decline by 2010.

“Wildlife is disappearing within our lifetimes at an unprecedented rate,” Marco Lambertini, Director General of WWF International, said in a statement of the group’s Living Planet Report, published every two years.“Biodiversity forms the foundation of healthy forests, rivers and oceans,” he said in a statement. “We are entering a new era in Earth’s history: the Anthropocene,” he said. WWF is also known as the World Wide Fund for Nature.

Source:The Hindu

Oceans may be responsible for making the Earth move in and out of ice ages every 100,000 years

Oceans may be responsible for making the Earth move in and out of ice ages every 100,000 years, finds a study.According to a paper published in the journal Geology , oceans sucking carbon dioxide (CO2) out of the atmosphere may have triggered this phenomena.

By studying the chemical make-up of tiny fossils on the ocean floor, the team discovered that there was more CO2 stored in the deep ocean during the ice age periods at regular intervals every 100,000 years.

This suggested that extra carbon dioxide was being pulled from the atmosphere and into the oceans at this time, subsequently lowering the temperature on the Earth and enabling vast ice sheets to engulf the Northern Hemisphere. — IANS

Source:The Hindu

Financial Affairs 31 October 2016 | Banking Awareness for SBI IBPS UPSC SSC Exams

IBM to acquire Sanovi Technologies

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  • IBM said it signed a definitive agreement to acquire Bengaluru-based disaster recovery solution provider Sanovi Technologies.
  • The deal, expected to close by December, will help the U.S. major strengthen its offering in cloud recovery, cloud migration and business continuity software category for enterprise data centres and cloud infrastructure.

Telecom minister to meet telecos on call drops

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  • Telecom Minister Manoj Sinha will meet the CEOs of telecom companies on November 1 to take stock of the progress made on the issue of call drops.
  • In June, this year, telecom operators had submitted a 100-day action plan to the government where they have committed to invest about Rs.12,000 crore to set up 60,000 new base transmitter stations.

New ‘benami’ Act to take effect from Nov. 1

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  • According to the new law, people caught with ‘benami’ properties could serve up to seven years of rigorous imprisonment and have to pay a significant fine.
  • Additionally, the properties will be confiscated. Under the Act, a transaction is named ‘benami’ if property is held by one person, but has been provided or paid for by another person.

 Home, auto loans get cheaper

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  • SBI reduced its marginal cost of funding based lending rate (MCLR) by 15 basis points, while ICICI Bank reduced it by 10 bps across various loan tenures.
  • All loans including home and auto loans are linked to the MCLR. Both the banks said the new rate will come into effect from November 1.

Three Tata executives quit

Ratan Tata, Chairman of Tata Trusts, speaks during the launch of the 'Internet Saathi' program that is designed to bring Internet training to Indian villages, in Mumbai on July 3, 2015. Tata Trusts and Google India launched a special program called Internet Saathi to empower women and their communities in rural India by enabling them to benefit from the Internet. The joint initiative is aimed at bridging the technology gender divide, which currently puts women in rural India at further risk of getting marginalized in the society as the world around them benefits from getting online. AFP PHOTO / INDRANIL MUKHERJEE (Photo credit should read INDRANIL MUKHERJEE/AFP/Getty Images)

  • Dr. Nirmalya Kumar, Madhu Kannan and Dr. N. S. Rajan, all of whom were members of the five-member Group Executive Committee (GEC) quit from Tata Group.
  • A Tata spokesperson confirmed their resignations. The GEC, formed by Mr. Mistry soon after taking over in 2012, was disbanded the day he was dismissed.

Post Payments Bank eyes synergies with financial services biz of India Post

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  • The India Post Payments Bank is working on striking synergies with the Post Office Savings Bank of the Department of Posts to ensure that its customers don’t look elsewhere for parking deposits exceeding Rs 1 lakh.
  • In view of the regulatory restriction that a payments bank can hold a maximum balance ofRs 1lakh per individual customer, the India Post Payments Bank (IPPB) is planning to create a mechanism whereby balances over this limit get automatically transferred to the Post Office Savings Bank (POSB).

IT spending in banking, securities to reach $7.8 bn in 2017

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  • IT services and software will both be the fastest growing segments at 12.6 per cent.
  • IT spending by banking and securities firms in India will reach USD 7.8 billion in 2017, an 8.6 per cent rise from 2016, says Gartner Inc.

Hardware clause makes software patenting difficult

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  • Changes in India’s software patent laws are stoking heartburn among companies that are looking to file patents in India, which could impact investment flows into the country.
  • Companies based in India and elsewhere depend on patents to protect their intellectual property and attract investments to succeed in a competitive marketplace.
  • However, some minor changes to the patent guidelines have caused a major headache.

 

To Read General Awareness

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Women-friendly e-toilets named She-toilets

Women-friendly e-toilets named She-toilets — set up in various railway stations by Kerala State Women’s Development Corporation (KSWDC) — have been thrown open to users.

Two She-toilets have been set up at the Central railway station here, and one each in Shoranur, Palakkad, Tirur, Vadakara, Payyannur, Kannur, Kanhangad, and Kasaragod railway stations.

Eram Scientific Solutions, the first e-toilets manufacturers in India, have built the toilets for the KSWDC.

Source:The Hindu

Current Affairs 31 October 2016 | General Awareness for SBI IBPS UPSC SSC Exams

She-toilets opened at railway stations

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  • Women-friendly e-toilets named She-toilets
  • set up in various railway stations by Kerala State Women’s Development Corporation (KSWDC)
  • have been thrown open to users.

CO2 in oceans leads to ice age every 100,000 years

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  • A study has found that Oceans may be responsible for making the Earth move in and out of ice ages every 100,000 years.
  • According to a paper published in the journal Geology , oceans sucking carbon dioxide (CO2) out of the atmosphere may have triggered this phenomena.

Four Pakistan Army pickets destroyed, casualties inflicted

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  • In the wake of the mutilation of the body of a soldier and the killing of a BSF jawan in Kupwara’s Keran sector, the Army stepped up its counter-offensive.
  • According to an Army spokesman, at least four Pakistan Army pickets were targeted and destroyed since Saturday evening.

India Wins ODI series

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  • New Zealand’s hopes of winning its first-ever one-day series in India went up in smoke as a dream spell by leg-spinner Amit Mishra who got 5 wickets triggered the Indian Victory easily.
  • There were five ‘ducks’ in the Kiwis’ scorecard!

Wildlife populations plunge almost 60 per cent since 1970

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  • The WWF conservation group said that Worldwide populations of mammals, birds, fish, amphibians and reptiles have plunged by almost 60 per cent since 1970 as human activities overwhelm the environment.
  • The WWF said in a report that An index compiled with data from the Zoological Society of London (ZSL) to measure the abundance of biodiversity was down 58 per cent from 1970 to 2012 and would fall 67 per cent by 2020 based on current trends.

Countries agreed world’s largest marine reserve in Antarctica

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  • There will be a blanket ban on commercial fishing across three-quarters of the marine protected area covering 1.6 million sq kms.
  • The countries that decide the fate of Antarctica reached an historic agreement on Friday to create the world’s largest marine protected area in the ocean next to the frozen continent.
  • The agreement comes after years of diplomatic wrangling and high-level talks between the U.S. and Russia, which had rejected the idea in the past.

SC expressed anger over DND toll company

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  • Deflating DND flyway toll company’s claims of having constructed the “best road in the country”, the Supreme Court on Friday did not stay the Allahabad High Court verdict to stop charging toll on commuters.
  • “You claim credit as if you have constructed a road to the Moon. Fine, you have done a good job. People are travelling on it… but don’t keep patting yourself on the back for it,” Chief Justice of India T.S. Thakur, heading a three-judge Bench, told the toll company.

Modi to visit Japan in November

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  • The Ministry of External Affairs announced  that In a bid to strengthen bilateral ties, Prime Minister Narendra Modi will visit Japan from November 11 to 12.
  • The visit is significant as it is likely to give both sides a new opportunity to take up the civil nuclear deal which has been pending clearance from the Japanese side.

National Anthem: Supreme Court issues notice to govt

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  • Supreme court has issued a notice to central government on a PIL received regarding national anthem.
  • Key Points of the PIL:- The Anthem should not be sung at entertainment programmes. Neither should there be any interruption of the singing of the Anthem.- Neither should there be any profit derived from the Anthem nor should it be printed on objectionable items.- The petition sought the National Anthem to be played in cinema halls across the country before the screening of films- Also asked for issuing a protocol for the playing or singing of the Anthem at functions where constitutional dignitaries are in attendance.

CBSE asks schools to share details of amenities, fees

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  • Schools affiliated with the Central Board of Secondary Education (CBSE) will now have to disclose key details including fees, infrastructure, safety measures and educational qualification of their teaching staff.
  • This information has to be uploaded on both, the school as well as the CBSE board’s websites. In a circular issued by the Deputy Secretary Affiliation, schools have been asked to upload this information by the end of November.

Samajwadi MP’s aide was spying for Pakistan: Police

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  • Farhat Khan assistant of Samajwadi MP was arrested on Saturday in connection with the espionage racket.
  • Reports revealed that he was in touch with Pakistani intelligence operatives for the last 18 years and was leaking sensitive documents and information, police said.

Scientists identify gene mutation that ups risk of breast cancer in men

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  • Researchers of the Anthropological Survey of India (AnSI) and the University of Calcutta, Department of Anthropology, have found that changes in a particular gene, called the BRCA2 gene, can increase the risk of breast cancer in men.
  • A two-year study, which ended earlier this year, identified certain ‘novel mutations’ in the BRCA2 gene (BRCA refers to breast cancer), which makes men more susceptible to the disease.

UN lights up for Diwali for the first time

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  • Diwali was commemorated for the first time at the United Nations, with the world body’s imposing headquarters in New York lit up especially on the occasion of the Indian festival of lights.
  • The facade of the U.N. headquarters was lit in bright hues and the words ‘Happy Diwali’, along with the image of a traditional diya, projected onto the building.

IT spending in banking, securities to reach $7.8 bn in 2017

IT spending by banking and securities firms in India will reach USD 7.8 billion in 2017, an 8.6 per cent rise from 2016, says Gartner Inc.

This forecast provides total enterprise IT spending for internal spending and spending on data center, devices, software, IT services and telecom services, Information technology research and advisory company Gartner said.

IT services and software will both be the fastest growing segments at 12.6 per cent in 2017, as firms in the banking and securities industry invest more in applications and business processes, specifically in business process outsourcing (BPO). “The focus is on integrating the digital framework firmly into the banking and securities industry in India,” it said in a statement here.security-guard-policeman-police-dog_zy7sxdu__l

“The banking and securities industry is increasingly working towards investing in core banking solutions to transform the legacy systems. Additionally, we are also seeing a lot of investment from the banks to leverage digital technologies to enhance the customer facing platforms,” Principal Research analyst at Gartner, Moutusi Sau said.

The Gartner report, “Forecast: Enterprise IT Spending for the Banking and Securities Market, Worldwide, 2014-2020, 3Q16 Update,” provides information on total enterprise IT spending, including internal spending and multiple lines of detail surrounding spending on data center, devices, software, IT services and telecom services for 43 countries within 11 regions.

Source: Business line

India Post Payments Bank is working on striking synergies with the Post office Savings Bank

The india Post Payments Bank is working on striking synergies with the Post office Savings Bank of the Department of Posts to make sure that its customers don’t look elsewhere for parking deposits exceeding ₹1 lakh.

In view of the regulatory restriction that a payments bank will hold a most balance of ₹1lakh per individual client, the india Post Payments Bank (IPPB) is progressing to create a mechanism whereby balances over this limit get mechanically transferred to the Post office Savings Bank (POSB). during this regard, the IPPB is closely examining a clause within the reserve bank of India’s payments bank pointers whereby it will accept an  of cash to be remitted to variety of accounts provided at the tip of the day the balance doesn’t exceed ₹1 hundred thousand.

The IPPB and the POSB apparently need to make sure that as way as possible the customer’s cash stays within the government-owned postal system. So, a client opening a savings bank account with IPPB are given the option to also open a linked POSB account. The IPPB has been set up under the Department of Posts (DoP) as a public limited company wholly owned by the govt. of india. The DoP received ‘in-principle’ rbi approval to set up payments bank in August 2015.

The POSB currently offers investment options, including savings bank account, recurring deposit account, time deposit, monthly income theme, senior voters savings theme, and public provident fund, to small investors. These services ar offered as an agency service for the Finance Ministry.

As per rbi pointers, payments banks will settle for demand deposits — current deposits and savings bank deposits from people, tiny businesses and alternative entities. {they will|they will|they’ll} neither settle for mounted deposits and NRI deposits nor can they furnish loans.

Source:thehindu

New ‘benami’ Act to take effect from Nov. 1

The Benami Transactions (Prohibition) change Act can get force on All Saints’ Day, 2016, the Central Board of Direct Taxes aforementioned on weekday.

Following this, the present Benami Transactions (Prohibition) Act are going to be renamed because the Prohibition of Benami Property Transactions Act (PBPT Act).

“The PBPT Act defines benami transactions, prohibits them and additional provides that violation of the PBPT Act is punishable with imprisonment and fine,” the official notification aforementioned. “The PBPT Act prohibits recovery of the property command benami from benamidar by the important owner. Properties command benami area unit chargeable for arrogation by the govt while not payment of compensation.”

According to the new law, folks caught with ‘benami’ properties may dish up to seven years of rigorous imprisonment and got to pay a big fine. to boot, the properties are going to be taken over. underneath the Act, a dealing is called ‘benami’ if property is command by one person, however has been provided or purchased by another person.

A person may additionally face rigorous imprisonment for up to 5 years for wittingly giving false data and can got to pay a fine of up to ten per cent of the market price of the property.

Source : BusinessLine