1. BSNL offer GST compliance solution
Taxmann, an authorised Goods and Service Tax Suvidha Provider (GSP), has partnered with Bharat Sanchar Nigam Ltd to assist corporates and SMEs in managing GST compliance with Taxmann BSNL ‘One Solution’ software.
The software ensures simplified work flow and offers capability to facilitate data import from any accounting software/ERP, location management, reconciliation etc.,
2. First three women fighter pilots of the country
The first three women fighter pilots of the country are likely to fly the MiG-21 Bison jets, one of the potent combat aircraft in the IAF’s armoury.
The three women pilots — Avani Chaturvedi, Bhawana Kanth and Mohana Singh are set to script history next month when they will fly military jets after completing a strenuous training programme within three weeks.
3. Vizag will emerge as centre for blockchain tech
Andhra Pradesh Chief Minister N Chandrababu Naidu has said Visakhapatnam would emerge as the major centre for the technology in the next few years, as his government is encouraging innovators and companies working in the field to invest and work from here.
Naidu said nine companies had already arrived in the Fintech Valley, Vizag, and several more were keen on setting up centres here. The State was building up the largest repository of use cases and it would be of immense help to those working in the field, he said.
4. US economist Richard Thaler wins Economics Nobel
The Nobel economics prize has been awarded to Richard Thaler of the University of Chicago for his contributions to behavioural economics.
The 9-million-kronor (USD 1.1-million) prize was awarded to the academic for his “understanding the psychology of economics,” Swedish Academy of Sciences secretary Goeran Hansson
5. Will develop State as seed capital, says Naidu
Chief Minister N. Chandrababu Naidu on Monday laid the foundation stone for a Rs. 675-crore mega Seed Park to come up on a 650-acre land at Thangadancha in Jupadu Bungalow mandal in Kurnool district.
Mr. Naidu said “The mega seed park was being established in accordance with a Memorandum of Understanding signed last year by the State government with Iowa University in the U.S., which had developed 350 new seed varieties and was collaborating with 80 countries.”
6. Dalit made Kerala temple’s head priest
The small hamlet of Keezhcherivalkadavu, where the rivers Pampa and Manimala meet near Thiruvalla, witnessed a historic event in the post-Temple Entry Proclamation period when a Dalit assumed charge as the head priest (Melsanthi) at the 150-year old Manappuram Siva Temple attached to the Travancore Devaswom Board.
The 22-year-old Yadukrishna is the first ever Dalit Melsanthi to be appointed by the TDB
7. Software to classify people for Ayurveda treatment
Ayurveda may have got its most futuristic upgrade yet. A multidisciplinary team of scientists, including statisticians, genomics experts, Ayurveda researchers and computer scientists, have developed a software — using Big Data and machine learning approaches — that can efficiently classify people into the three dominant types of constitutions that underlie the Ayurvedic treatment philosophy.
8. Trump’s immigration plan may help Indians
U.S. President Donald Trump has proposed a merit-based immigration system that could benefit highly-skilled Indian workers but prevents them from sponsoring their extended families, as part of an aggressive plan which he said will serve national interest.
However, there was no reference to the H-1B visas, the most sought after by Indian IT professionals, in the proposal which Mr. Trump sent to Congress.
9. GST on Petrol
Prime Minister Narendra Modi said “The Union government would consult the States on bringing petroleum products into the ambit of the Goods and Services Tax (GST)”
Mr. Modi was reacting to suggestions from industry leaders to bring petroleum products that now face high Central and State levies, into the GST net, at an official meeting with head honchos of the oil and gas industry.
10. Not possible to extend concessions to Apple under GST
An official source said “The government will not be able to extend tax and duty related concessions to iPhone maker Apple under the new indirect tax regime as the effort is to promote Make in India and not imports”
“We have already hiked customs duty on smartphone and imports of its parts. So, it is clear that we do not want to encourage imports and rather encourage Make in India.”
11. India goes down fighting against Colombia
A vociferous audience participated in India’s endeavour to make a fight of it in the group fixture of the FIFA Under-17 World Cup at the Jawaharlal Nehru Stadium in New Delhi.
If only India could shackle Juan Penaloza, who knocked in the goals for Colombia in the 49th and 82nd, after Jeakson Thounaojam had equalised in the 81st with a header from a corner.
12. A ‘nudge’ for behavioural economics
The Royal Swedish Academy of Sciences has decided to award the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2017 to Richard H. Thaler “for his contributions to behavioural economics”.
Richard H. Thaler has incorporated psychologically realistic assumptions into analyses of economic decision-making. By exploring the consequences of limited rationality, social preferences, and lack of self-control, he has shown how these human traits systematically affect individual decisions as well as market outcomes.
13. Passive euthanasia already a law, says govt.
Passive euthanasia, the act of withdrawing life support to a terminally-ill patient, is already the law of the land, the government told a Constitution Bench of the Supreme Court.
The government said it was finalising a draft law on passive euthanasia called ‘The Management of Patients With Terminal Illness – Withdrawal of Medical Life Support Bill’, which was drawn up in line with the recommendations of the Law Commission of India that life support can be withdrawn for patients in persistent vegetative state (PVS) or suffering an irreversible medical condition.
14. Post-Doklam, the healing touch of yoga
China’s Minzu University is offering the country’s first master’s degree in Yoga, in what appears to be a clear signal that soft power is being deployed to reactivate China-India ties in the aftermath of the tense Doklam standoff.
The China Youth Daily, an official newspaper of the Communist Party of China (CPC), has reported that the University, located in Kunming, has started accepting applications for China’s first master’s degree course in yoga.
15. Experts hail ban
With the Supreme Court banning the sale of firecrackers in the Delhi-NCR region till after Deepavali, can Delhiites breathe a sigh of relief?
Not yet, say experts. The air of Delhi is saturated with pollutants, and the city’s dark clouds would need more than this silver lining. But experts welcomed the SC order on Monday, banning the sale of crackers in the Delhi-National Capital Region (NCR) till October 31.
16. India, U.K. to firm up defence links
India’s Defence Secretary Sanjay Mitra said during a three-day visit to the U.K. ahead of the next meeting of the two Prime Ministers, India and Britain hope to agree on concrete measures to take forward their defence partnership by next year.
The meeting of the two leaders is widely expected to take place at the Commonwealth Heads of Government meeting in London in April 2018.
17. Nisha Biswal made USIBC President
Nisha Desai Biswal, former U.S. Assistant Secretary of State for South and Central Asia, has been appointed president of the U.S.-India Business Council (USIBC), a forum of U.S. businesses under the U.S. Chamber of Commerce.
The USIBC has been at the centre of a recent controversy after its previous board decided to set up a new organisation called the U.S-India Strategic Partnership Forum (USISPF), breaking away from the Chamber.
18. London Mayor Khan to visit India, Pakistan
London’s Mayor Sadiq Khan and Deputy Mayor Rajesh Agarwal are to visit India and Pakistan later this year, in the first official trip by a senior British politician to both countries, as city authorities seek to reassure businesses and others across the world of the resilience and strengths of the city post-Brexit.
He is set to visit New Delhi, Mumbai and Amritsar and then to Lahore, Islamabad and Karachi.
19. Centre to set up think tank for oil sector soon: Pradhan
Petroleum Minister Dharmendra Pradhan said “The government will soon get Cabinet approval for the setting up of a high-powered think tank under the Ministry of Petroleum to look into key issues such as the setting up of a gas network across the country”
Mr. Pradhan also reiterated Prime Minister Narendra Modi’s commitment to the COP 21 agreement concluded at the Paris leg of the climate change conference.
20. Bad loans hit record $146 billion
Indian banks’ sour loans hit a record 9.5 trillion rupees ($145.56 billion) at the end of June, unpublished data shows, suggesting Asia’s third-largest economy is no nearer to bringing its bad debt problems under control.
A review of Reserve Bank of India (RBI) data obtained through right-to-information requests shows banks’ total stressed loans — including non-performing and restructured or rolled over loans — rose 4.5% in the six months to end-June. In the previous six months, they had risen 5.8%.
21. Funskool India to focus on exports
A top executive said “Hit by the effects of demonetisation, toymaker Funskool India has turned its attention towards exports to sustain growth momentum”
“Due to demonetisation, we took a big hit,” said K. John Baby, CEO, Funskool (India) Ltd. “Fortunately, we were working [in a major way] on exports and that’s paying off now.”
22. Beti Bachao Beti Padhao Week Inaugurated At Nongpoh
Beti Bachao Beti Padhao (BBBP) is observed for a week from 9th Oct-14th Oct 2017
The scheme is implemented in 161 district of the country which includes the Ri Bhoi district in our state, where the sex ratio of a girl child is low compared to the opposite sex. The scheme deals not only to stop girl infanticide but to look into education and health aspects of the girl child and the scheme focus is laid on education, skill, vocational and counseling and entrepreneurship so that the girl could one day support and stand on her feet
23. Sri Lanka sweep series
Off-spinner Dilruwan Perera finished with five wickets to help Sri Lanka beat Pakistan by 68 runs in the second Test in Dubai and take the series 2-0.
Perera had figures of 5-98 as Pakistan, chasing a tough 317 to win, were bowled out for 248 in the second hour of fifth and final day at Dubai stadium.
24. Behrendorff’s dream spell destroys India
Left-arm pacer Jason Behrendorff’s sensational spell set up an eight-wicket win for Australia against India in the second T20I at the ACA Barsapara Cricket Stadium.
Chasing India’s modest 118, the visitors cruised home in the 16th over, with Moises Henriques (62 not out, 46b, 4×4, 4×6) and Travis Head (48 not out, 34b, 5×4, 1×6) taking the team home after the openers — Aaron Finch and captain David Warner — had fallen cheaply.