1. PM – Comprehensive National IPR policy is being finalised
(i) On October 6, Prime Minister Narendra Modi said that a comprehensive national IPR policy is being finalised to address the concerns of investors and he expressed hope of rolling out GST by 2016.
(ii) PM Modi with German Chancellor Angela Merkel was addressing the Indo-German Business Summit organised by NASSCOM in Bengaluru based on the theme ‘Digitising Tomorrow’ .
(iii) Emphasising on the ‘Make in India’ campaign Modi called for greater collaboration between India and Germany across various sectors such as IT and manufacturing industry, among others.
(iv) Merkel added that both India and Germany will benefit from the Free Trade Agreement (FTA) between European Union and India.
2. Indian Air Force celebrates 83rd anniversary
(i) The Indian Air Force (IAF) celebrated its 83rd anniversary today at Air Force Station Hindon in Ghaziabad with an enthralling aircraft display, which is the hallmark of the Air Force Day Parade cum Investiture Ceremony.
(ii) The IAF was established on 8th October 1932, and since then has proved its might both in times of war and peace.
(iii) Be it the war of 1965, 1971 or Kargil war of 1999 or rescue operation IAF carried out in Jammu and Kashmir, Uttarakhand and Nepal.
3. Productivity-linked bonus for non gazetted railway employees
(i) On October 7, the Union Cabinet cleared the payments of productivity-linked
bonus (PLB) equivalent to 78 days’ wages for non-gazetted railway employees for
FY15.
(ii) The move is expected to benefit 12.58 lakh such employees. The wage
calculation ceiling prescribed for payment of PLB to the eligible employees is
Rs.3,500 per month and the maximum amount payable per employee is Rs.8,975
for 78 days.
4. India is home to 14 top business dynasties: Forbes
(i) Fourteen business families from India figure in Forbes Asia’s inaugural list of the
top 50 Asian business dynasties. South Korea’s Lee family, who controls the
Samsung Group is first in the list with a combined wealth of $26.6 billion.
(ii) As per the rankings, half of the richest families in Asia are of Chinese descent, but none hail form mainland China.
(iii) Number two on the list is the Lee family of Henderson Land Development from Hong Kong with a combined wealth of $24.1 billion. India’s Ambani family is ranked third on the list with a combined fortune of $21.5 billion. Other Indian families to figure in the list are the Premjis, Burmans,
Hindujas, Mistrys, etc.
5. National War Memorial to come up near India Gate
(i) In October 2015, the Union Cabinet chaired by Prime Minister Narendra Modi
approved the construction of a National War Memorial and a National War
Museum at Princess Park in New Delhi after around six decades of consultation.
(ii) The project is to cost an estimated Rs. 500 crore and will be completed in a period of five years. This location of the memorial will be at India Gate which was built by the British as the All India War Memorial to commemorate the sacrifices of 13,300 soldiers who died in World War I and the Third Anglo-Afghan War.
6. Three win Nobel Prize in Chemistry
(i) Three Scientists- Tomas Lindahl (Sweden), Paul Modrich (USA) and Aziz
Sancar (Turkey)-won the 2015 Nobel Prize in chemistry for “mechanistic studies
of DNA repair”. Their research concluded that cells repair damaged DNA, serving as new solution in treatment of cancer.
(ii) Their work concerned how cells repair deoxyribonucleic acid (DNA) to prevent damaging errors from appearing in genetic information. As one of the many of these rapid systems is damaged in case of cancer, this research is pathbreaking for the treatment of cancer.
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