Current Affairs – October, 2016

Latest Current Affairs October, 2016 with Current Affairs, news summary on current events of National and International importance of October, 2016 for Banking, SSC, CLAT, UPSC, State PCS, IBPS, Railways and other Competitive Examinations.

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October 31: World Cities Day

The World is observing Cities Day globally on 31st October to work together for a planned and sustainable urban life in the wake of rapid growth of population and problems.

The day aims to promote international community’s interest in global urbanization, push forward cooperation among countries in meeting opportunities and addressing challenges of urbanization, and contributing to sustainable urban development around the world.

2016 Theme:Inclusive Cities, Shared Development“. It highlights the role of urbanization as a source of global development and social inclusion.

Background

The General Assembly designated 31st October as World Cities Day by passing resolution 68/239 in December 2013. This day was constituted in recognition of the significance of urban basic services as a foundation for the overall social and economic development. The general theme of World Cities Day is Better City, Better Life, to promote successes of urbanization and address specific challenges resulting from urbanization.

First meeting of NCTF held in New Delhi

The first meeting of National Committee on Trade Facilitation (NCTF) was held in New Delhi to discuss ways for developing roadmap for implementation of WTOs trade facilitation agreement.

It was headed by Cabinet Secretary P K Sinha and was attended by all 24 members along with secretaries of various ministries and departments like Home, Shipping, Civil Aviation.

What is National Committee on Trade Facilitation (NCTF)?

The NCTF is a mandatory requirement under the WTOs Trade Facilitation Agreement (TFA).  It is a national level body to facilitate domestic co-ordination and implementation of TFA provisions. It aims to develop the pan-India road map for trade facilitation. It will have three tier structure with main national committee for monitoring implementation of TFA.

What is Trade Facilitation Agreement (TFA)?

TFA is the WTO’s first-ever multilateral accord that contains provisions for expediting the movement, clearance and release of goods, including goods in transit. It also sets out measures for effective cooperation between customs and other appropriate authorities on trade facilitation and customs compliance issues.

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