5th October Current Affairs

1. Important Cabinet Approvals: 03rd October 2018

Important Cabinet Approvals- 04th October 2018

i. The Union Cabinet chaired by Prime Minister Narendra Modi has given the following set of approvals. The important Cabinet Approvals are given as follows-

ii. The Cabinet has approved-

1. Redevelopment of Railway Stations by IRSDC as Nodal Agency, through simplified procedures and longer lease tenure.

2. Cabinet Hikes MSP of Rabi Crops

i. Cabinet Committee on Economic Affairs, CCEA, has increased the Minimum Support Price (MSP) for all Rabi crops for the current financial year which will be marketed in 2019-20 season. The MSP of wheat has been raised by 105 rupees per quintal, Masur by 225 per quintal, and Gram by 220 per quintal.

ii. According to Union Minister Ravishankar Prasad, the decision is a step towards doubling the farmers' income. The decision will give additional return to the farmers of 62,635 crore rupees by way of increasing the MSP of notified crops to at least 50 per cent return over cost of production.

3. National Khadi Festival 2018 Held in Mumbai

i. The National Khadi Festival 2018 is being organised by Khadi and Village Industries Commission (KVIC) to promote Khadi products.

ii. The festival was inaugurated by Union Minister for Micro Small & Medium Enterprises, Giriraj Singh in Mumbai on the occasion of Gandhi Jayanti 2018. The main objective of the festival is to promote the products of cottage industry and create awareness regarding the art of states.

Vinai Kumar Saxena is the present chairman of KVIC.

4. First Regional Conference on 'Women in Detention and Access to Justice' in Shimla

i. The Bureau of Police Research and Development (BPR&D), Ministry of Home Affairs is organising the First ever Regional Conference at Shimla on 'Women in Detention and Access to Justice' in collaboration with the Prison Department, Himachal Pradesh.

ii. The Conference was inaugurated by Shri Acharya Devvrat, the Governor of Himachal Pradesh. Expected Outcome of the Conference will be to help in ensuring better implementation of Prison Reform and Rehabilitation Program in order to improve the conditions of Women Inmates and their Access to Justice.

The Supreme Court has constituted a three-member committee headed by its former judge Justice Amitava Roy to look into the aspect of jail reforms.

5. India and ADB sign $ 150 Million Loan Agreement to support India’s First Global Skills Park

i. Asian Development Bank (ADB) and the Government of India signed a $150 million Loan Agreement in New Delhi to establish a Global Skills Park (GSP) in Madhya Pradesh, the First Multi-Skills Park in India, to enhance the quality of Technical and Vocational Education And Training (TVET) System in the State and create a more skilled workforce.

ii. This Project will help improve the quality and relevance of the State’s TVET programs and will help impart advanced job-ready skills training of international standards that can meet the employment needs of the State’s emerging sectors.

The Asian Development Bank is a regional development Bank established in 1966.

Headquarters of ADB is in Manila, Philippines.

Takehiko Nakao is Present President of the Asian Development Bank.

6. NMCG Partnered with TSAF to Launch “Mission Gange”

i. National Mission for Clean Ganga (NMCG) has partnered with Tata Steel Adventure Foundation (TSAF) to launch a month-long rafting expedition of a team of 40 members which will be led by the first Indian woman to scale Mount Everest Ms. Bachendri Pal.

ii. The expedition will start from Haridwar on October 5th 2018 traversing a distance of around 1500 km encompassing 8 major towns. It will conclude in Patna in Bihar.