2nd October Current Affairs

• RBI to pump Rs 360 bn into bond markets
  • The Reserve Bank of India (RBI) would pump Rs 360 billion into money markets in October to stem fears of a cascading credit crunch.

  

  
  

  • The auctions would be conducted during the second, third and fourth week of October.
  • The government will effectively cut its market borrowing by Rs 700 billion due to higher-than-expected earnings of Rs 750 billion through its small savings scheme.
• Harmonium exponent Tulsidas Borkar passed away
  • Renowned harmonium player Pandit Tulsidas Borkar passed away in Mumbai.
  • Borkar was conferred with the Padma Shri award in 2016 and also the Sangeet Natak Akademi Award.
  • He had accompanied legendary singers such as Ustad Amir Khan, Bhimsen Joshi and Kishori Amonkar.

  

  
  

  • Borkar was known for both solo performances as well as his unique style of accompanying Indian classical singers.
• 5th World Internet Conference in China
  • China will hold the fifth World Internet Conference (WIC) in its river town of Wuzhen on November 7-9 2019.
  • Theme:  “creating a digital world for mutual trust and collective governance – towards a community with a shared future in cyberspace”.

  

  • The conference will advocate exchanges, mutual learning, cooperation and sharing in the digital fields.
• 7-member panel set up on ‘calamity tax’
  • The GST Council has set up a seven-member Group of Minister (GoM) panel.
  • The panel will examine the legality of imposing a new tax on certain goods and services to raise resources for natural calamity-hit states.

  

  • The seven-member Group of Ministers (GoM), would include representatives from North-Eastern, hilly and coastal states.
• ‘NABARAD Grameena Habba’ in Bengaluru
  • National Bank for Agriculture and Rural Development is organizing “Grameena Habba” at Bengaluru.

  

  
  

  • Habba is an exhibition cum sale of rural artisan products September 28- Oct 7, 2018.
  • It would expand the market for weavers, rural artisans and craftsmen etc.
  • NABARD supports rural artisans via its special fund ‘Gramya Vikas Nidhi’ that promotes rural innovation, rural livelihood options etc.
• Goa, Portugal signed MoU on water management
  • A Memorandum of Understanding (MoU) has been signed between the Portuguese Environment Ministry and the Public Works Department of Goa.
  • The MoU proposes technical partnership in the areas of water supply operation and energy efficiency,
  • As part of the MoU, the assessment of two of the biggest water treatment and supply plants at Selaulim and Opa in Goa would be undertaken