1. William Nordhaus & Paul Romer win 2018 Nobel prize for economics
The 2018 Nobel prize for economics has been awarded to William Nordhaus and Paul Romer of the United States for their work on sustainable growth.
The research of the two US economists focuses on how climate change and technology have affected the economy.
Prof Nordhaus (from Yale University) was the first person to create a model that described the interplay between the economy and the climate
The duo will receive nine million Swedish krona (equivalent to 7 crores and 32 lakh rupees).
Important Dates
2. World Post Day is being observed today
World Post Day is celebrated each year on 9th October, the anniversary of the establishment of the Universal Postal Union in 1874 in the Swiss Capital, Bern.
It was declared World Post Day by the UPU Congress held in Tokyo, Japan in 1969.
Since then, countries around the world participate annually in the celebrations.
The Posts in many countries use the event to introduce or promote new postal products and services.
Appointment
3. Srinivasan Swamy becomes the new chairman of International Advertising Association
Indian advertising veteran and RK Swamy Hansa Group chairman Srinivasan Swamy took over as the new chairman of the International Advertising Association (IAA).
He is the first Indian to hold the prestigious seat at the 80-year old institution, which is considered the world's most influential network of marketing and communication leaders.
Banking & Finance
4. The Union Govt. decides to start issuing Sovereign Gold Bonds 2018-19 from this month
The union govt. in consultation with the Reserve Bank of India (RBI) has decided to issue Sovereign Gold Bonds 2018-19.
The Sovereign Gold Bonds will be issued every month from October 2018 to February 2019.
The 2018-19 Series II tranche will be issued on 23rd of this month and the period of Subscription is 15th to 19th of this month.
Note: The Bonds will be sold through banks, Stock Holding Corporation of India Limited, designated post offices and recognised stock exchanges National Stock Exchange of India Limited and Bombay Stock Exchange Limited.
S. No.
Tranche
Period of Subscription
Date of Issuance
1
2018-19 Series II
October 15-19, 2018
October 23, 2018
2
2018-19 Series III
November 05-09, 2018
November 13, 2018
3
2018-19 Series IV
December 24-28, 2018
January 01, 2019
4
2018-19 Series V
January 14–18, 2019
January 22, 2019
5
2018-19 Series VI
February 04-08, 2019
February 12, 2019
5. IMF predicts 7.3% growth rate for India in the current fiscal year
International Monetary Fund (IMF) predicts a growth rate of 7.3% for India in 2018 and 7.4% in 2019.
In China, growth is projected to 6.6% in 2018 and 6.2 % in 2019.
In 2017, India had recorded a 6.7 per cent growth rate.
According to IMF study, Gender diversity is likely to boost productivity growth including in countries like India, because women bring new skills to the workplace.
India's medium-term growth prospects remain strong at 7.75 per cent, benefiting from ongoing structural reform.
Note:
The International Monetary Fund (IMF) is an international organization headquartered in Washington, D.C.
It consists of 189 countries working to foster global monetary cooperation, secure financial stability, facilitate international trade.
National Affairs
6. PM Modi unveiled a statue of Deenbandhu Sir Chhotu Ram in Rohtak, Haryana
Prime Minister Narendra Modi unveiled a 64-Feet tall statue of Deenbandhu Sir Chhotu Ram (messiah of farmers) at Sampla in Rohtak district, Haryana.
PM Modi also laid the foundation stone of the Rail Coach Repair Factory at Badhi in Sonepat district.
Prime Minister also visited the museum set up in memory of Deenbandhu Chhotu Ram which depicts and gives glimpses of his life.
7. EC establishing 500 pink booths in Madhya Pradesh for the assembly election
According to an official of election commission, the Madhya Pradesh election commission will establish 500 pink booths in the state for the assembly election.
These polling booths will run by only women officers and workers.
Elections will be held on 28th November and counting will be held on 11th December 2018.
Similarly, only disabled employees will ensure election process at 20 to 25 polling stations of the state.
8. Jharkhand to become partner state at Goa International Film Festival
Jharkhand state has become the partner state at 2018 Goa International Film Festival to showcase its culture and favourable filmmaking incentives.
This year Goa International Film Festival from 20th to 28th of November.
It was also decided to organize Jharkhand Film Festival, under Indian Panorama, in two towns of Jharkhand in the first month of 2019.
9. India open their medal account in Youth Olympic Games with Silver
Shooter Tushar Mane bagged a silver in the men's 10-metre air rifle event (shot 247.5) in the Youth Olympic Games.
Grigorii Shamakov took the gold with 249.2.
India is being represented by 46 athletes in 13 sports in the prestigious event.
Note: India won two medals a silver and a bronze in the last Youth Olympics in 2014 in Nanjing in China.
Sports
10. Asian Para Games: Ekta Bhyan wins club throw gold for India
Ekta Bhyan won India's fourth gold at the Asian Para Games by topping the women's club throw event in Jakarta.
Bhyan produced her best throw of 16.02m in her fourth attempt to win the F32/51 event.
Bhyan had come into the competition on the back of a gold in the Indian Open Para Athletics Championship earlier this year.
India also secured three bronze medals courtesy Jayanti Behera, Anandan Gunasekaran and Monu Ghangas.
Javelin thrower Sandeep Chaudhary produced a stunning world record effort as India bagged 11 medals, including three gold.
11. Jeremy Lalrinnunga wins Gold at 2018 Buenos Aires
Weightlifter Jeremy Lalrinnunga (15-year) has become India's first-ever gold medallist in the history of Youth Olympic Games (YOG).
He achieved the feat by lifting a total weight of 274 kg in the men's 62 kg category at the 2018 Youth Olympic Games in Buenos Aires, Argentina.
Earlier, Jeremy had won silver at last year's Youth World Weightlifting Championships in Bangkok, Thailand.
