1.Fino Payments Bank has been allowed to open new accounts by the Reserve Bank of India (RBI).Fino Payments Bank had been unable to enrol new customers since the end of May 2018 after RBI found the bank to be non-compliant with the operational guidelines laid down by it.According to RBI’s guidelines for payments banks, a customer can make deposits of up to ₹1 lakh per account in a year.
2.Environment Minister Harsh Vardhan inaugurated the International Conference on Status and Protection of Coral Reefs (STAPCOR – 2018) at Bangaram coral Island in Lakshadweep on 22 October 2018.The theme of the conference is “Reef for Life”.The conference was organised Lakshadweep Administration with the technical support of the Zoological Survey of India.
3.M Nageshwar Rao was appointed as the interim director of the Central Bureau of Investigation (CBI) on 24 October 2018.M Nageshwar Rao, a 1986 batch Indian Police Service (IPS) officer of the Odisha cadre, was working as the Joint Director in the investigating agency.The decision came after the CBI Director, Alok Verma and Special Director, Rakesh Asthana went on leave.
4.National Stock Exchange of India (NSE) has got approval from Securities and Exchange Board of India (SEBI) to launch copper large futures contract with a trading unit of 25 tonne.The 25 tonne copper futures contract is one of the highest traded contracts.NSE aims to provide an onshore hedging platform to big Indian corporates, refiners and various users in the value chain.
5.Prime Minister Narendra Modi has been awarded the Seoul Peace Prize 2018.He has been awarded for his contribution to high economic growth in India and world through ‘Modinomics’.The Seoul Peace Prize was established in 1990 to commemorate the success of the 24th Olympic Games held in Seoul, Republic of Korea.
6.Forty-five Indian companies are participating in the SIAL Paris exhibition – the largest international market place for food service professionals.SIAL Paris is the leading exhibition of food service products.SIAL Paris is held every two years, and is famous for culinary demonstrations by famous chefs every day.
7.Agricultural scientist M.S. Swaminathan will receive the first ‘World Agriculture Prize’ on 26 October 2018.The award has been instituted by the Indian Council of Food and Agriculture (ICFA) with an aim to recognise individuals who have served humanity through agriculture.Prof. Swaminathan has been hailed by the United Nations Environment Programme as ‘The Father of Economic Ecology’.
8.Agricultural scientist M.S. Swaminathan will receive the first ‘World Agriculture Prize’ on 26 October 2018.The award has been instituted by the Indian Council of Food and Agriculture (ICFA) with an aim to recognise individuals who have served humanity through agriculture.Prof. Swaminathan has been hailed by the United Nations Environment Programme as ‘The Father of Economic Ecology’.
9.The United Nations’ (UN) World Development Information Day is observed every year on October 24.The aim is to draw the attention of the world to development problems and the need to strengthen international cooperation to solve them.
10.Prime Minister Narendra Modi launched the ‘Main Nahin Hum’ portal on 24 October 2018.The portal, which works on the theme ‘Self4Society’, will enable IT professionals and organisations to bring together their efforts towards social causes on one platform.The portal is expected to help catalyse greater collaboration towards the service of the weaker sections of society.
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