Current Affairs - October, 2016

Former ISRO Chariman UR Rao becomes first Indian to be inducted into IAF Hall of Fame

Former ISRO Chairman and space scientist Prof Udupi Ramachandra Rao became the first Indian to be inducted in the Hall of Fame of International Astronautical Federation (IAF). He was inducted during the closing ceremony of the 67th IAF Congress 2016 held at Guadalajara, Mexico for his outstanding contribution to the progress of astronautics. About UR ..

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India, Singapore sign three agreements

India and Singapore have signed three agreements (MoUs) in the fields of skill development and IPR to boost bilateral relations between them. These agreements were signed in New Delhi during Singapore Prime Minister Lee Hsien Loong’s official state visit to India. Signed MoUs are MoU in the field of Industrial Property Cooperation: It was signed ..

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Union Government launches Indian Bridge Management System

The Union Ministry of Road Transport and Highways has launched the Indian Bridge Management System (IBMS). It was launched by Union Minister of Road Transport and Highways Nitin Gadkari in New Delhi as a major step towards ensuring safety of bridges in the country. Key Facts IBMS is being developed to create an inventory of ..

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Aadhaar card must for LPG subsidy after November 2016

The Union Government has made Aadhaar card mandatory for availing cooking gas (LPG) subsidies after November 2016. In this regard, the Union Petroleum Ministry has asked Oil marketing companies (OMCs) to facilitate enrollments of Aadhaar of the consumers to avail the subsidy. Currently, the government gives 12 LPG cylinders at subsidised rates per household in ..

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RBI cuts repo rate by 25 bps in 4th Bi-monthly Monetary Policy Statement

The Reserve Bank of India (RBI) in its fourth bi-monthly monetary policy review for year 2016-17 has cut the repo rate by 25 basis points to 6.25%. This monetary policy decision was taken by the newly constituted Monetary Policy Committee (MPC).  This was also Urjit Patel’s maiden monetary policy announcement as RBI Governor. All the ..

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