The Daily Brief – 4th October 2017

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  • The six member Monetary Policy Committee of the Reserve Bank of India has decided to keep repo rate unchanged at 6.0% under liquidity adjustment facility. The decision of MPC was consistent with neutral stance of monetary policy in consonance with objective of achieving medium-term inflation target of 4% within a band of +/- 2%, while supporting growth.
  • Satya Pal Malik (71) was sworn-in as 35th Governor of Bihar. He was administered oath to office by Chief Justice of Patna High Court Rajendra Menon. He succeeds West Bengal Governor Keshari Nath Tripathi who was holding additional charge of Bihar after the elevation of Ram Nath Kovind as President.
  • The setting up of a turtle sanctuary in Allahabad along with River Biodiversity Park at Sangam in Allahabad, Uttar Pradesh under Namami Gange programme was recently approved by Union Ministry of Water Resources. The purpose of the Turtle sanctuary is to protect the rich aquatic biodiversity of river Ganga from escalating anthropogenic pressures.
  • A waterway stretch from Muktyal to Vijayawada was innaugurated on River Krishna as part of National Waterway 4 at Amaravati in Andhra Pradesh by President Ram Nath Kovind. Developed under the Sagar Mala Project, it will be used mainly for transportation of cement and construction material for new capital city Amaravati.
  • Eight core sectors grew by 4.9% in August 2017 according to Ministry of Commerce and Industry, the highest growth rate since April 2017. The growth was recorded on account of robust performance of coal, natural gas and electricity segments. But, growth in Crude oil, cement and fertiliser industries declined. 
  • The World Health Organization (WHO) has appointed Dr. Soumya Swaminathan (58) as one of two deputy directors general. This is first time such second–highest position created within WHO and highest post held by Indian in WHO. Dr Swaminathan will replace Dr Anarfi Asamoa-Baah from Ghana, who joined WHO as senior policy adviser to director-general.
  • The world’s largest nuclear-powered icebreaker ship built under Project 22220 was launched by Russia into the water at the Baltic Shipyard in St Petersburg. Sibir is second of three icebreakers of new class of biggest nuclear powered icebreakers after Arktika and Ural under the same project.
  • The Karnataka Government has launched Mathru Poorna Scheme under which pregnant and lactating poor women in rural areas will get one nutritious meal daily for 25 days in a month. This was done to meet nutritional needs of pregnant and lactating women in rural areas of state.

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