Daily Current Affairs- 19th October 2016

Dear Readers, we are presenting Daily Current Affairs for All Exams- 19th October 2016.

 Daily Current Affairs

1. Railways, Urban Development Ministries sign MoU to redevelop stations under smart city plans
1. The Ministry of Urban Development and the Ministry of Railways signed an MoU under which railway stations and adjoining areas will be redeveloped on smart city lines for enhancing passenger amenities, easy access to stations, enabling optimal utilisation of land at railway stations.
2. This convergence based city development will result in qualitative improvement in city life.and 10 cities could be taken up for the proposed redevelopment with the involvement of public sector construction company NBCC (India) Ltd.
3. These cities are Sarai Rohilla (Delhi), Bhubaneshwar, Lucknow, Varanasi, Jaipur, Kota, Thane, Margao(Goa), Tirupati and Puducherry.
4. Redevelopment work of Habibganj railway station has already been awarded and plans for Anand Vihar (Delhi), Surat, Bijwasan and Gandhinagar are in advanced stage.
5. It will be implemented first in the 100 cities included in the Smart City Mission, redevelopment of railway stations will be undertaken in Atal Mission for Rejuvenation and Urban Transformation and Heritage Infrastructure Development and Augmentation Yojana cities extending the scope of the MoU to over 500 cities.
6. The MoU proposes two joint venture options for speedy redevelopment of railway station centred areas. The first being between the Railways and the Special Purpose Vehicle (SPV) formed for execution of Smart City Plans, with equal share in equity.
In the second model, NBCC can be roped in with equal share among the three. NBCC can design, develop and execute the redevelopment plans on self-financing basis.
While the Ministry of Railways will be responsible for forming joint ventures, the Ministry of Urban Development will work with the states and urban local bodies for integrating railway station redevelopment as part of smart city development plans.

2.India, Myanmar to strengthen defence, security cooperation
The MoUs were inked in New Delhi after delegation level talks with the visiting State Counsellor of Myanmar Aung San Suu Kyi. Suu Kyi was on a three day visit to India. Agreements inked includes
1. MoU for designing an academic and professional building programme for insurance industry of Myanmar. The MoU was signed between Financial Regulatory Department of Myanmar and Insurance Institute of India.
2. MoU on Cooperation in the field of Power Sector: India has also offered to enhance power supply from Moreh in Manipur to Tamu in Myanmar.
3. MoU on Banking Supervision between RBI and Central Bank of Myanmar.
Besides, the two countries also agreed to enhance engagement in several areas like to develop a mutually beneficial arrangement for trade in pulses. India also said that the Archaeological Survey of India will soon begin work on restoring two old temples and inscriptions of King Mindon and King Baygyidaw in Bodh Gaya.

3. Sun Pharma, ICGEB to jointly develop ‘designer’ dengue vaccine
1.Drug major Sun Pharma announced a new collaboration with International Centre for Genetic Engineering and Biotechnology (ICGEB) for developing the “first Made in India designer” dengue vaccine that targets all four serotypes.
2. As per the agreement signed here, ICGEB, a UNIDO-promoted non-profit that is now autonomous, will grant Sun Pharma exclusive rights and licences for development and commercialisation of this vaccine globally. In return, ICGEB will receive pre-defined royalty and milestone payments.
3. The game-changer vaccine will be a safe, effective and affordable. It will use a single component to target all four serotypes of the virus.
4. ICGEB has developed a tailored recombinant virus-like particle based tetravalent dengue vaccine... This is the second collaboration between Sun Pharma and ICGEB focusing on dengue.
5.It would set up a Dengue Advisory Group to provide technical and regulatory support to the vaccine development programme and would explore global commercialisation opportunities across India, emerging markets, Western Europe, Japan and the US.
Noting that dengue was not well documented in India with only “wild” estimates of its epidemiology,
Soumya Swaminathan, DG, Indian Council of Medical Research, called for an effective programme for surveillance to map the virus and its spread.

4. Indian Navy commissions INS Tihayu
1. Indian Navy has commissioned INS Tihayu, a Car Nicobar Class water jet fast attack craft (WJFAC). It was commissioned by the Flag-Officer-Commanding-in-Chief of the Eastern Naval Command Vice-Admiral H.C.S. Bisht in Visakhapatnam, Andhra Pradesh.
INS Tahiyu is the sixth WJFAC Car Nicobar Class vessel to be . commissioned and allotted to the Eastern Fleet of the Indian Navy. It has been built by Kolkata-based shipyard Garden Reach Shipbuilders and Engineers (GRSE). Overall, INS Tahiyu is the 20th vessel in this class to be built by the shipyard.

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