1. Army to build new bridge at Mumbai railway station
Maharashtra Chief Minister Devendra Fadnavis, as he visited the site of the stampede, along with Defence Minister Nirmala Sitharaman and Railway Minister Piyush Goyal said “The Army will help build a new foot overbridge at the Elphinstone Road station in Mumbai by January 31”
The tragedy which took place on September 29 killed 23 people.Mr. Fadnavis told the media that the Army would also build two more foot overbridges at Curry Road and Ambivli railway stations.
2. SC relief for self-employed, salaried road accident victims
A five-judge Constitution Bench spelt relief to families who were given a raw deal by insurance companies just because their loved one was either self-employed or salaried at the time of death in a road accident.
So far, the pre-liberalisation Motor Vehicles Act of 1988 had computed motor accident claims on the basis that self-employed persons and the salaried have no “future prospects”, and if alive, their income over the years would hardly have seen any drastic improvements.
3. Crypto currencies, ICOs under SEBI lens
SEBI examining whether regulation possible under current laws or fresh powers needed
The rising popularity of crypto currencies and the increasing number of entities looking at raising funds through Initial Coin Offerings (ICO) has caught the attention of the capital market regulator, which is evaluating whether such instruments and offerings can be brought under its regulatory purview.
4. India moves up 30 spots in WB’s ease of business ranking
India climbed 30 positions in the latest ease of doing business ranking by the World Bank, in its Doing Business 2018 report released on Tuesday. The report ranks India at 100 among 190 countries. Last year, India was ranked 130.
Rita Ramalho of WB said “Nation made big efforts in last 3 years and what is seen in this report is not last year’s reforms only”
5. The biggest ever fire sale of Indian corporate assets
‘For sale’ tags on airports, roads, ports, steel plants, cement units, refineries, corporate park, among others, are visible and is effectively India Inc.’s biggest ever fire sale. It’s even bigger than the government’s planned divestment target.
The Reserve Bank of India’s (RBI) has decided to clean up the balance sheets of Indian banks, which are collectively saddled with Rs five lakh crore of bad loans, by the end of this fiscal. So, the banks have started cracking the whip on Indian companies for repayment of loans. For most affected firms and groups, this will mean they will be forced to sell prized assets to repay their ballooning debts.
6. Moon Jae-in says cannot recognise North Korea as nuclear state
South Korea will never recognise or tolerate North Korea as a nuclear state, nor will Seoul have nuclear weapons, the South’s President Moon Jae-in said on Wednesday, while China said it would work with Seoul to denuclearise the Korean peninsula.
Mr. Moon also said there can be no military action on the Korean peninsula without the South’s consent, adding the government will continue working for peace on the peninsula.
7. Eight killed by New York motorist in ‘cowardly act of terror’
A man in a rented pickup truck drove onto a busy bicycle path near the World Trade Centre memorial on Tuesday, killing at least eight people and injuring several others in what the mayor called “a particularly cowardly act of terror.”
Authorities said the driver was shot in the abdomen by police after jumping out of the truck with what turned out to be a fake gun in each hand and shouting what witnesses said was “Allahu Akbar,” Arabic for “God is great”
8. 200 die at N. Korean n-test site
More than 200 people are feared to have died when a tunnel caved in at North Korea’s nuclear test site, triggered by its latest detonation, a Japanese news report said on Tuesday.
A tunnel collapsed at Punggye-ri early in September, days after North Korea conducted its sixth and largest underground nuclear test on September 3, TV Asahi said, quoting unnamed North Korean sources. Some 100 workers were killed in the initial collapse.
9. IIT Madras develops extremely water-repellent coating
Nanocellulose-based liquid dispersion that renders the coated surface extremely water repellent — superhydrophobic with water contact angle more than 160 degrees — has been developed by a team of researchers led by Prof. T. Pradeep from the Department of Chemistry at the Indian Institute of Technology (IIT) Madras.
The material can be coated on a variety of surfaces including glass and paper. It has several distinct properties such as high mechanical durability and chemical stability.
10. IIT KGP-Arka Renewable Plan Solar E-charging Station On Commercial Scale
IIT Kharagpur and Arka Renewables Energy College have submitted a plan to the Department of Science and Technology for setting up solar e-vehicles charging station on a commercial scale in the state.
Arka Renewable Energy College chief S P Gonchaudhuri said on the sidelines of an interactive session with BNCCI that the project will be the first one in the country on this scale.