2019-10-30 | Team PendulumEdu

1. India, Saudi Arabia agrees to form Strategic Partnership Council

India and Saudi Arabia have signed Strategic Partnership Council Agreement during the visit by Prime Minister Narendra Modi to Saudi Arabia to attend the Future Investment Initiative Forum. The two leaders have signed 12 MoUs in different areas such as defence, civil aviation, security, etc.

The purpose of the council is to enhance coordination between the two nations on the issues of mutual interest.

2. Union Finance Minister releases commemorative coin of Paramhansa Yogananda

On the occasion of the 125th birth anniversary of Paramahansa Yogananda, Nirmala Sitharaman has issued a special commemorative coin.

Born as Mukund Lal Gosh, Paramhansa Yogananda was an Indian monk who made people aware of Meditation and Kriya Yoga. The yoga experts describe him as the father of yoga in the west. He emphasized on self-realization through meditation and Kriya Yoga. 

3. Indian Railways launches One Time Password based procedure for the ticket refund

Indian Railways has launched One Time Password (OTP) based mechanism for ticket refund booked through authenticated IRCTC agents. This decision will lead to a more transparent and user-friendly refund system. Moreover, it will help in the timely refund of the cancellation amount to the customers.

Indian Railway Catering & Tourism Corporation Limited (IRCTC) is a subsidiary of the Indian Railways. It is endowed with the responsibility of catering, tourism and e-ticketing operations. Its tagline is-“Lifeline of the nation.”

4. Centre aims to provide breast milk to at least 70% of the infants by 2025

India has decided to adopt the Brazil model to create a network of human milk banks. The central government aims at providing access to breast milk to at least 70% of the infants by 2025. In the coming years, the target will be increased to 100%. The move will help India in achieving the targets for infant mortality rate.

5. A bill to impose sanctions on Turkey over military operation in Syria has been passed in the US House of Representatives

A bill pertaining to imposing sanctions on Turkey over the military operation against Kurdish forces in Syria has been approved by the US House of Representatives. The bill can cause problems for the Turkish economy.

The US House of Representatives has also passed a resolution to recognize the Armenian Genocide by the Ottoman Empire from 1915 to 1923.

6. 11th Defence Expo 2020 to be held in Lucknow

The 11th edition of Defence Expo 2020 will be held in Lucknow, UP from 5th-8th February 2020. The theme for DefExpo 2020 is- “India: The Emerging Defence Manufacturing Hub.” The focus of the Expo will be on the ‘Digital Transformation of Defence.’

Defence Expo provides an opportunity for Business-to-Business interaction with foreign delegations along with the signing of MoUs between various governments.

7. Harvard Business Review released a list of ‘The Best-Performing CEOs in the World, 2019’ 

A list of ‘The Best-Performing CEOs in the World, 2019’ prepared by Harvard Business Review has been topped by US company NVIDIA’s CEO Jensen Huang. Three CEOs of Indian Origin find their place in the top 10 performing chief executives. These are- Adobe CEO Shantanu Narayen -6th position, MasterCard CEO Ajay Banga-7th position and Microsoft CEO Satya Nadella-9th position.

HBR rankings are based on financial performance as well as environmental, social and governance ratings since 2015.

8. Rafael Mariano Grossi appointed as new Director-General of IAEA

The 58-year old Rafael Mariano Grossi of Argentina is the new Director-General of International Atomic Energy Agency (IAEA).

IAEA was formed in 157 in response to the fears generated due to the discoveries and wide application of nuclear technology. It was set up as the world’s “Atoms for Peace” organization. Its headquarters is located in Vienna, Austria. 

9. Indian Boxer Deepak settles for silver in the final of World Military Games in Wuhan

Indian boxer Deepak had to settle for silver in the final of the men’s light fly 46-59 kg category in the World Military Games at Wuhan. He lost to Kazakhstan’s Zhussupov Temritas with a score of 0-5.

10. Indian wrestler Ravinder enters semi-finals of UWW U-23 World Championships

The 22- year old Indian wrestler from Jhajjar has entered the semi-finals of UWW U-23 World Championships in 61 kg category by defeating Russia’s Dinislam Takhtarov 11-0.

UWW U-23 World Champions are going on in Budapest, Hungary.



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