Current Affairs 1st November 2018

Current Affairs 1st November 2018 - Important Points

• Delhi Metro Pink Line from Trilokpuri Sanjay Lake - Shiv Vihar section opens for public on - 31st October 2018
• Anupam Kher resigns as Chairman of Film and Television Institute of India on - 31st October 2018
• 19th meeting of FSDC organised in - New Delhi
• First India-US Dialogue on Intellectual Property held in - New Delhi
• World Bank’s Ease of Doing Business 2019 on - 31st October 2018
• Who has been appointed Director General of Indo-Tibetan Border Police  ? - SS Deswal 
• World Cities Day observed on - 31st October 2018

Current Affairs 1st November 2018 - Details

Delhi Metro Pink Line from Trilokpuri Sanjay Lake - Shiv Vihar section opens for public on - 31st October 2018

The Trilokpuri Sanjay Lake to Shiv Vihar Delhi Metro Pink Line was inaugurated by Union Minister Hardeep Singh Puri and Delhi Deputy CM Manish Sisodia on October 31st, 2018.
With the inauguration of this 17.86 kilometres long section, Delhi Metro linked the league of leading metro networks worldwide which have a working length of more than 300 kilometres like those in London, Beijing, Shanghai and New York.
Delhi Metro Network has now become 314 km long with 229 metro stations. Now onwards, Delhi Metro will be operating 4,749 trips per day, which are the highest ever so far.
Highlights of the Trilokpuri Sanjay Lake - Shiv Vihar section (Pink Line)

• The 17.86 kilometre long Shiv Vihar to Trilokpuri Sanjay Lake section is part of 59 kilometre long Majlis Park -Shiv Vihar corridor of Phase-III of the Delhi Metro, which is also known as the Pink Line.
• 3 interchange services at Welcome, With Red Line, Karkarduma and Anand Vihar Inter-State Bus Terminal will extremely improve the connectivity of areas including Shiv Vihar, Gokul Puri, Maujpur, Jaffrabad, etc. 
• This extension will later get joined with the currently operational Majlis Park to Lajpat Nagar section of Pink Line. 
• The Majlis Park to Shiv Vihar Corridor is crossing the current Vaishali-Dwarka elevated line 21m above the ground and is 10m above the present Metro line.
• This stretch will be a major boon for the eastern as well as northern zones of the National Capital. 

Anupam Kher resigns as Chairman of Film and Television Institute of India on - 31st October 2018

Anupam Kher on October 31st, 2018 resigned as Chairman of the Film and Television Institute of India- FTII, citing international film and TV projects. Film and Television Institute of India is considered as a leading institute for training in Cinema and Television. It is an independent institute under the Union Ministry of Information and Broadcasting and is funded by the Central Government. 
It is located on the premises of the erstwhile Prabhat Film Company in Pune. Film and Television Institute of India is a member of the International Liaison Centre of Schools of Cinema and Television, which is an organisation of the world's leading schools of film and television.
Anupam Kher took office as the Chairman of the admired organisation in October 2017. Erstwhile to Kher, Gajendra Chauhan was the Chairman of Film and Television Institute of India who left office in March 2017.
Kher offered his resignation via a letter addressed to the Union Minister of Information and Broadcasting Rajyavardhan Singh Rathore.
Reason behind this resignation

• When Kher was contacted for the position by Smriti Irani, who was the former Minister of Information and Broadcasting, kher had informed her of his promises with an international TV show, ‘New Amsterdam’.
• As the show has now been stretched, he will be mandatory to be in the USA for approximately nine months between 2018-2019, and a similar period for another 3 years.
• Anupam Kher’s ‘New Amsterdam’ show necessitates him to shoot in New York. The actor will portray the role of a neurosurgeon in the series that also stars Ryan Eggold, Janet Montgomery, Jocko Sims and Tyler Labine.

19th meeting of FSDC organised in - New Delhi

The 19th meeting of Financial Stability and Development Council- FSDC was organised in New Delhi under the Chairmanship of Union Finance Minister Arun Jaitley. The meeting was witnessed by Reserve Bank of India’s Governor Dr.Urjit R. Patel, SEBI chairman, IRDAI Chairman along with heads and other senior officers of Government and financial sector controllers.
Financial Stability and Development Council is super regulatory body for regulating financial subdivision which is vigorous for bringing healthy and efficient financial system in economy of the nation. It was initiated in 2010 by then Finance Minister Pranab Mukherjee.
Important Highlights of Meeting

• It reviewed health of economy, both domestic as well as global, financial sector presentation and subjects due to rising oil prices. It also deliberated issue of real interest rate, present liquidity situation, including segmental liquidity position in NBFCs and mutual fund space.
• It also reviewed expansions regarding establishment of Cyber Security in Financial Sector and progress done towards initiation of Computer Emergency Response Team in the Financial Sector under Statutory Framework.
• It also considered on necessity for recognizing and securing critical information infrastructure in financial sector.
• It also pondered on matters and challenges of Crypto Assets and Currency. It was informed about
  deliberations of High-level Committee led by Secretary (Economic Affairs) to invent suitable legal
  framework to prohibit usage of private crypto currencies in India.
• It also deliberated market expansions and financial stability insinuations of usage of RegTech and
  SupTech by financial organizations and regulatory and supervisory authorities.
• It also debated implementation of guidelines of ‘Sumit Bose Committee’ on measures, including
  promoting suitable disclosure command for financial distribution costs.

First India-US Dialogue on Intellectual Property held in - New Delhi

The 1st ever India-United States Dialogue on Intellectual Property was initiated in New Delhi to extend
bilateral strategic assistance on Intellectual Property policy. It was initiated by United States Chamber of Commerce’s Global Innovation Policy Center and Industry body Federation of Indian Chambers of
Commerce  Industry in collaboration with United States-India Business Council. It will be organized yearly, alternating between New Delhi and Washington, DC.
India-US Dialogue on Intellectual Property

• The dialogue goals to recognize solutions and also share technical information and proficiency between both nations in Intellectual Property domain.
• It will deliver platform to specialists from both nations to develop tougher understanding of uniform Intellectual Property frameworks and create solutions in cooperative way.
• The deliberations under this dialogue comprised emphasis on joint opportunities and challenges associated to whole spectrum of Intellectual Property, including patent filing, regulatory landscape, copyright and violation, technology transfer, and enforcement.
• Its guidelines will be communal with both governments to strengthen strategic cooperation on Intellectual Property policy.

World Bank’s Ease of Doing Business 2019 on - 31st October 2018

The World Bank on October 31st, 2018 published the Doing Business Report 2019 titled as “Doing Business 2019: Training for Reform”, evaluating and ranking nations on the basis of ease of doing business in the year 2018.
According to the 2019 Report, India elevated 23 places on the Ease of Doing Business Index to 77th position, up from 100th position previous year. Present year, India’s Distance to Frontier score enhanced to 67.23 from 60.76 in the last year. 
Important Findings of 2019 Doing Business Report

• Doing Business took note of record 314 governing reforms announced by 128 nations between June 2nd, 2017, and May 1st, 2018 for making it easier to perform business in all areas measured by Doing Business. 
• The topmost 10 economies in the ease of doing business positions are New Zealand, Singapore, Denmark, Hong Kong SAR, Korea, Georgia, Norway, USA, UK and FYR Macedonia.
• The economies with the most prominent improvement in Doing Business 2019 are Afghanistan, Djibouti, China, Azerbaijan, India, Togo, Kenya, Cote d’Ivoire, Turkey & Rwanda.
• Around 1/3 of all business regulatory reforms verified by Doing Business 2019 were in the economies of Sub-Saharan Africa. Sub-Saharan Africa executed a sum of 107 reforms.
• Brazil, Russia, India and China, the BRICS economies, presented a sum of 21 reforms, with getting electricity and trading across borders the most common areas of improvement.
• Training chances for service providers and subscribers are positively linked with the ease of doing business score.

Who has been appointed Director General of Indo-Tibetan Border Police  ? - SS Deswal 

The Appointments Committee of the Cabinet has designated senior IPS officer S.S.Deswal as Director
General of Indo-Tibetan Border Police- ITBP. He will succeed R.K.Pachnanda, who retired from office
and shall be in office for period up to his retirement on August 31st, 2021. S.S.Deswal is 1984 batch IPS
officer Haryana cadre. Earlier to this employment, he was Director General of Sashastra Seema Bal.
Indo-Tibetan Border Police

• Indo-Tibetan Border Police is one of 5 Central Armed Police Forces of India.
• It was elevated on 24th October 1962, under Central Reserve Police Force Act, in wake of 1962 Sino-Indian War. 
• It was provided complete independence after Parliament ratified ITBPF Act, 1992. It functions under command of Union Home Ministry. It is HQ in New Delhi.
• Its aim is Shaurya–Dridhata–Karm Nishtha as Valour – Steadfastness and Commitment. Presently, Indo-Tibetan Border Police is strong Central Armed Police Force of 90000 staff.
• Its chiefly guards the 3,488 kilometres long Indo-China border along Tibet Autonomous Region from Karakoram Pass in Ladakh to Jachep La in Arunachal Pradesh.
• It is dedicated mountain force and man’s border outposts on heights ranging from 9000’ to 18700’ in Western, Middle and Eastern sectors of Indo-China Border. 
• It is also involved in variation of internal security responsibilities including anti-naxal operations, disaster management, civil Medical Camp, nuclear, biological and chemical disasters and United Nations peacekeeping missions worldwide.

World Cities Day observed on - 31st October 2018

The World Cities Day was celebrated worldwide on 31st October 2018 and is celebrated annually to work together for intentional and sustainable urban life in the wake of speedy growth of population and
problems.

Important Highlights

• The compliance of this day goals to encourage international community’s interest in global
  urbanization, push forward cooperation among nations in meeting options and addressing challenges of urbanization, and donating to sustainable urban development worldwide.
• The global celebration of 2018  World Cities Day was observed in Liverpool, UK.
• 2018 Sub-theme is ‘Building Sustainable and Resilient Cities’.
• It goals to highlight importance to support cities to become resilient and develop their capacity to absorb impact of hazards, protect and preserve human life and border damage to and destruction of public and private assets while continuing to deliver infrastructure and services after disaster.

Did you know?

The World Cities Day was recognized by UN General Assembly by approving resolution 68/239 in December 2013. This day was established in recognition of importance of urban basic services as
foundation for overall social and economic expansion. The 1st World Cities Day was observed in Shanghai, China on 31st October 2014 under sub-theme “Leading Urban
Transformations”.