1. Reva Khetrapal selected as Lokayukta of Delhi
Former Delhi High Court judge Reva Khetrapal has been selected as Delhi’s new Lokayukta. The post was lying vacant since 2013 after retired Justice Manmohan Sarin had relinquished office after completing five-year term. With this, she will become the fourth Lokayukta of Delhi and shall have five years terms as per Delhi Lokayukta and Uplokayukta Act, 1995.
2. Union Cabinet approved agreement between India and Egypt on Maritime Transport
The Union Cabinet gave its nod to sign an agreement between India and Egypt on Maritime Transport.
The agreement will be signed on a mutually convenient date and venue.
Highlights of the agreement
• It will help both the nations to encourage and facilitate the development of their maritime relationship.
• It will help both the nations to cooperate in the task of enhancing and stimulating steady growth of maritime traffic.
• Both the nations will exchange and train staff and students from various maritime establishments.
• Both the nations will exchange-of information necessary for accelerating and facilitating the flow of commercial goods at sea and at ports.
• Both the nations will establish joint ventures in the fields of maritime transportation, shipbuilding and repairs, maritime training, information technology including development of simulators, port facilities and related maritime activities, etc.
3. Union Cabinet approved treaty between India and Maldives on Mutual Legal Assistance in criminal matters
The Union Cabinet gave its approval for signing of a Mutual Legal Assistance Treaty (MLAT) in Criminal Matters between India and the Maldives.
The treaty aims to boost the efficiency of both the countries in investigation and prosecution of crime, through cooperation and mutual legal assistance in terrorism, transnational crime and criminal matters.
The proposed treaty will offer a broad legal framework for bilateral cooperation with Maldives in investigation and prosecution of crime as well as in tracing, restraint and confiscation of proceeds, and instruments of crime as well as funds meant to finance terrorist acts.
4. Reliance Capital signed agreement to acquire Goldman Sachs mutual funds business in India
Reliance Capital Asset Management (RCAM), a part of Anil Ambani led Reliance Capital, on 21 October 2015 signed definitive agreements (DA) to acquire Goldman Sachs Asset Management’s (GSAM) onshore business in India.
RCAM will pay a total sum of 243 crore rupees (37.5 million US dollar) in cash to acquire all onshore mutual fund schemes, including exchange traded funds, of GSAM India.
With this acquisition, RCAM will become the exclusive fund manager for the government’s CPSE ETFs.
5. Global Iodine Deficiency Disorders Prevention Day observed on 21 October
Global Iodine Deficiency Disorders (IDD) Prevention Day was observed on 21 October 2015 across the world to create awareness of the need to prevent iodine deficiency.
Almost one-third of world’s population is exposed to the risk of iodine deficiency disorders. Iodine deficiency is also the world’s single greatest cause of preventable mental retardation.
A diet low in iodine is the main cause of iodine deficiency. It usually occurs among populations living in areas where the soil has been depleted of iodine because of flooding, heavy rainfall or glaciations.
6. Western Digital to buy SanDisk in $19 bn deal
Hard-disk drive maker Western Digital Corp said it would buy SanDisk Corp for about $19 billion, giving it better access to flash memory storage chips used in smartphones and mobile devices.
SanDisk's shares rose to $78.95 in pre-market trading, well below the cash-and-stock offer price of $86.50 per share.
The semiconductor industry has seen a record number of deals this year as demand for cheaper chips and products to power Internet-connected gadgets push technology companies to consolidate suppliers.
The value of the SanDisk acquisition depends on the closing of an investment from Unisplendour Corp Ltd, a unit of China's state-backed Tsinghua Holdings Co Ltd, in Western Digital.
7. Alok Rawat first male member of NCW
Former Water Resources Secretary Alok Rawat has been appointed as the first male member of the National Commission for Women (NCW), filling the fourth seat in the five-member body.
7. Alok Rawat first male member of NCW
Former Water Resources Secretary Alok Rawat has been appointed as the first male member of the National Commission for Women (NCW), filling the fourth seat in the five-member body.
1. Reva Khetrapal selected as Lokayukta of Delhi
Former Delhi High Court judge Reva Khetrapal has been selected as Delhi’s new Lokayukta. The post was lying vacant since 2013 after retired Justice Manmohan Sarin had relinquished office after completing five-year term. With this, she will become the fourth Lokayukta of Delhi and shall have five years terms as per Delhi Lokayukta and Uplokayukta Act, 1995.
2. Union Cabinet approved agreement between India and Egypt on Maritime Transport
The Union Cabinet gave its nod to sign an agreement between India and Egypt on Maritime Transport.
The agreement will be signed on a mutually convenient date and venue.
Highlights of the agreement
• It will help both the nations to encourage and facilitate the development of their maritime relationship.
• It will help both the nations to cooperate in the task of enhancing and stimulating steady growth of maritime traffic.
• Both the nations will exchange and train staff and students from various maritime establishments.
• Both the nations will exchange-of information necessary for accelerating and facilitating the flow of commercial goods at sea and at ports.
• Both the nations will establish joint ventures in the fields of maritime transportation, shipbuilding and repairs, maritime training, information technology including development of simulators, port facilities and related maritime activities, etc.
3. Union Cabinet approved treaty between India and Maldives on Mutual Legal Assistance in criminal matters
The Union Cabinet gave its approval for signing of a Mutual Legal Assistance Treaty (MLAT) in Criminal Matters between India and the Maldives.
The treaty aims to boost the efficiency of both the countries in investigation and prosecution of crime, through cooperation and mutual legal assistance in terrorism, transnational crime and criminal matters.
The proposed treaty will offer a broad legal framework for bilateral cooperation with Maldives in investigation and prosecution of crime as well as in tracing, restraint and confiscation of proceeds, and instruments of crime as well as funds meant to finance terrorist acts.
4. Reliance Capital signed agreement to acquire Goldman Sachs mutual funds business in India
Reliance Capital Asset Management (RCAM), a part of Anil Ambani led Reliance Capital, on 21 October 2015 signed definitive agreements (DA) to acquire Goldman Sachs Asset Management’s (GSAM) onshore business in India.
RCAM will pay a total sum of 243 crore rupees (37.5 million US dollar) in cash to acquire all onshore mutual fund schemes, including exchange traded funds, of GSAM India.
With this acquisition, RCAM will become the exclusive fund manager for the government’s CPSE ETFs.
5. Global Iodine Deficiency Disorders Prevention Day observed on 21 October
Global Iodine Deficiency Disorders (IDD) Prevention Day was observed on 21 October 2015 across the world to create awareness of the need to prevent iodine deficiency.
Almost one-third of world’s population is exposed to the risk of iodine deficiency disorders. Iodine deficiency is also the world’s single greatest cause of preventable mental retardation.
A diet low in iodine is the main cause of iodine deficiency. It usually occurs among populations living in areas where the soil has been depleted of iodine because of flooding, heavy rainfall or glaciations.
6. Western Digital to buy SanDisk in $19 bn deal
Hard-disk drive maker Western Digital Corp said it would buy SanDisk Corp for about $19 billion, giving it better access to flash memory storage chips used in smartphones and mobile devices.
SanDisk's shares rose to $78.95 in pre-market trading, well below the cash-and-stock offer price of $86.50 per share.
The semiconductor industry has seen a record number of deals this year as demand for cheaper chips and products to power Internet-connected gadgets push technology companies to consolidate suppliers.
The value of the SanDisk acquisition depends on the closing of an investment from Unisplendour Corp Ltd, a unit of China's state-backed Tsinghua Holdings Co Ltd, in Western Digital.
7. Alok Rawat first male member of NCW
Former Water Resources Secretary Alok Rawat has been appointed as the first male member of the National Commission for Women (NCW), filling the fourth seat in the five-member body.
7. Alok Rawat first male member of NCW
Former Water Resources Secretary Alok Rawat has been appointed as the first male member of the National Commission for Women (NCW), filling the fourth seat in the five-member body.
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