Current Affairs – October, 2013

Latest Current Affairs October, 2013 with Current Affairs, news summary on current events of National and International importance of October, 2013 for Banking, SSC, CLAT, UPSC, State PCS, IBPS, Railways and other Competitive Examinations.

PDF Compilation of these updates can be downloaded from This Link

India Post joins hands with Wall Street Exchange to offer international electronic money transfer

The India Post unveiled instant electronic money transfer service in collaboration with Wall Street Exchange, (a company of UAE’s Emirates Post Group) in New Delhi.

India Post inked a pact with Wall Street Exchange for launch of an International Electronic Money Transfer service through Instant Cash product of the Emirates Post Group. Instant Cash is a wholly owned subsidiary of the Emirates Post Group, and its services are available in 59 nations through more than 60,000 locations.

 Key features of International Electronic Money Transfer service:
  •  Recipients will be able to collect their payment at any of the identified 17500 post offices by producing the unique transaction number along with their identity and KYC documents. 
  • Instant payment will be made. 
  • The transactions will be safe and secure through established International Financial System of Universal Postal Union.
  • The service will be expanded throughout the country in a phased manner.

Month:  Categories: Business, Economy & Banking

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EC may not provide ‘NOTA’ option in Bengal civic polls

Though the apex court has directed the Election Commission to provide a ‘NOTA’ (None Of The Above) option to voters, the State Election Commission of West Bengal is yet to start on it for the upcoming civic polls. It is likely that the State Election Commission may not be able to provide Electronic Voting Machines (EVMs) with the option.

What is NOTA option?

On September 27, 2013, the Supreme Court  had directed the EC to provide NOTA option on the ballot papers and EVMs. The NOTA or None Of The Above option empowers the voter to exercise his/her vote to reject all the candidates contesting the polls if he/she finds all the candidates undeserving.

What is the problem before the EC in implementing the NOTA option?

The EC is yet to clarify some points and course of actions on providing NOTA. One of them is, what would happen if a high percentage of voters exercise NOTA option.

Month:  Categories: States

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