1. AIR to expand global services
An official said “The All India Radio (AIR) is planning to launch new services for several countries, including Japan, Germany and some in the Commonwealth of Independent States, with an aim to supplement the government’s diplomatic efforts and outreach programmes to the Indian diaspora”
The External Services Division (ESD) director Amlanjyoti Mazumdar said “Canada, South Africa and Maldives are also among the countries the AIR plans to reach to” Currently, the ESD of the AIR covers around 150 countries with programmes in 27 languages—14 of them targeting neighbouring countries and nations in Southeast Asia.
2. Nobel 2017 season opens with medicine prize
This year’s Nobel season opens Monday with the announcement of the medicine prize, turning the page on Bob Dylan’s literature prize stunner that stole the spotlight in last year’s award season.
Like every year, speculation is rife about the possible winners, given the number of worthy laureates in the fields of medicine, physics, chemistry, literature, peace and economics.
3. RBI Increases Foreign Investment Limits For Debt
The Reserve Bank of India (RBI) would raise the foreign investment limits for government bonds by 80 billion rupees ($1.22 billion) to 2.5 trillion rupees for the October-December quarter, after current quotas had been almost fully exhausted.
The RBI said the limits for long-term investors in government bonds would be raised by 60 billion rupees, while the limits for general investors would be raised by 20 billion rupees.
4. Gujarat Tourism bags the ‘Hall of Fame’ national tourism award
Gujarat Tourism has won the “Hall of Fame” award for being the Best State in Comprehensive Development of Tourism category at the National Tourism Awards function organised by Ministry of Tourism. Gujarat tourism minister Ganpatsinh Vasava received the award on behalf of the state from the President of India Ram Nath Kovind.
5. HDFC Bank partners top education institutes for fintech ideas
In a first of its kind efforts in the domestic banking sector, second largest private sector lender HDFC Bank today said it will be partnering with 50 technology and business schools to tap into emerging fintech ideas.
It announced a tie-up with IIT-Bombay and IIT-Roorkee as part of the industry-academia partnership effort.
6. Green ‘masala bond’ raises $300 mn in London
A five-year ‘masala bond’ issued by the Indian Renewable Energy Development Agency (IREDA) was listed on the London Stock Exchange on Friday, raising nearly $300 million (Rs 19.5 billion), with a coupon of 7.125%.
The green ‘masala bond’ on London Stock Exchange’s International Securities Market is certified by Climate Bonds Initiative, an international, investor-focused not-for-profit that helps build robust and transparent assurance frameworks around green bond investment.
7. President appoints new governors
President Ram Nath Kovind appointed governors for Assam, Tamil Nadu, Bihar, Arunachal Pradesh, Meghalaya and Lt. governor for Andaman and Nicobar Islands.
A statement from the President’s office said the appointments will come into effect from the date the incumbents assume charge of the new posts.
8. RBI to sell government bonds
The Reserve Bank of India (RBI) said it would sell government bonds worth Rs10,000 crore through Open Market Operations (OMO) to mop up liquidity from the system.
The central bank said in a statement “Based on the current assessment of prevailing and evolving liquidity conditions, the RBI has decided to conduct sale of government securities under Open Market Operations for an aggregate amount of Rs10,000 crore on 21 October 2017 through multi-security auction using the multiple price method.”
9. Bengaluru ranked world’s most affordable technology city
Bengaluru is the world’s most affordable technology hub, according to a study conducted by a realty consultancy firm.
Among the top 29 global technology hubs covered by the study, Bengaluru emerged the cheapest in office rentals. Gurugram, another Indian city, comes second.
10. India defeats Australia by 7 wickets
Rohit Sharma achieved a memorable milestone with his classy century as India outplayed Australia by seven wickets in the fifth ODI to seal the series 4-1 and cement their number one spot in the ICC rankings.
Chasing a modest 243, India eventually got home in 42.5 overs with Manish Pandey hitting the winning four.