Current Affairs – October, 2017

OPV Vikram: L&T hand overs first defence vessel built in private shipyard to Coast Guard

Larsen and Toubro (L&T) handed over offshore patrol vessel (OPV) named “Vikram” to the Indian Coast Guard. It is country’s first-ever such defence vessel to be built in a private shipyard The vessel was indigenously developed in-house at L&T’s Kattupalli shipyard. Its entire design and construction processes have undergone dual certification from American Bureau of Read More…

Government makes use of Public Finance Management System mandatory for central schemes

The Union Government has made use of Public Finance Management System (PFMS) mandatory for all central schemes to ensure that benefits of government schemes reach the last mile. It will help monitor the flow of funds to beneficiaries of different government welfare schemes. So far total of 613 Central Sector Schemes are covered under PFMS having Read More…

Government inks $65.5 Million Loan agreement with ADB to support Coastal Protection in Karnataka

The Union Government has inked $65.5 million loan agreement with Asian Development Bank (ADB) to continue interventions to check coastal erosion on the Western Coast in Karnataka. The loan is second tranche of $250 million financing facility under Sustainable Coastal Protection and Management Investment Program for 20-year term. It will be used for to address Read More…

14th SAARCLAW Conference held in Colombo, Sri Lanka

The 14th South Asian Association for Regional Co-operation in Law (SAARCLAW) Conference was held in Colombo, capital city of Sri Lanka along with 11th SAARC Chief Justices Conference. The three-day conference was inaugurated by Sri Lankan Prime Minister Ranil Wickremesinghe and saw participation from South Asia’s top Judges, legal practitioners and academics. Key Facts The Read More…

Phase 1 of Bharat Net project to be completed by December 2017

The first phase of national optic fibre network christened as Bharat Net project will be completed by December 2017, thus providing internet access to 100,000 gram panchayats. It was announced in ‘i-Bharat 2017’ conference organised by industry body FICCI in association with Ministry of Electronics and Information Technology based on theme of ‘ICT Elucidations for Read More…