Current Affairs – October, 2018

Latest Current Affairs October, 2018 with Current Affairs, news summary on current events of National and International importance of October, 2018 for Banking, SSC, CLAT, UPSC, State PCS, IBPS, Railways and other Competitive Examinations.

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SBI to issue and encash electoral bonds soon

The GoI has notified the sale of electoral bond by SBI through its 29 authorized branches from 1.11.2018 to 10.11.2018. 29. These SBI branches are in cities like New Delhi, Gandhinagar, Chandigarh, Bengaluru, Bhopal, Mumbai, Jaipur, Lucknow, Chennai, Kolkata and Guwahati. The concept of electoral bond was initiated in Union Budget 2017.Later on Electoral bond scheme 2018 was introduced.

What is Electoral Bond?

An Electoral Bond is just like a promissory note that will be payable to bearer on demand and free of interest. It can be purchased by a citizen of India or anybody incorporated in India.

Benefits of an Electoral bond
  • Transparent political funding
  • Protecting donors from harassment
  • No disclosure of information to third parties
  • Achieving Digital India vision
  • Bringing donations under tax preview

Electoral Bonds Scheme 2018

The scheme introduced that the a party registered under the Representation of People’s act, 1951 and securing not less than one percent of the votes polled in the preceding election is entitled to receive the electoral bonds. Electoral Bonds may be purchased by only citizen of India. An individual can buy Electoral Bonds, either singly or jointly with other individuals. The bonds can only be encashed by an eligible political party only through a bank account with the authorized bank. Electoral Bonds are valid for fifteen calendar days from the date of issue. If the Electoral Bond is deposited after expiry of the validity period, no payment is made to any Political Party. The Electoral Bond deposited by an eligible Political Party in its account is credited on the same day.  The bonds are issued in multiples of 1000, 10000, 1lakh, 10 lakh, 1 crore. The cash donation has been capped at Rs. 2000 and beyond that donations are via electoral bonds.

Month: Categories: India Current Affairs 2018

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North East Festival and Experiencing the North East held in New Delhi

The sixth edition of North East festival is being organized till October 28, 2018 in New Delhi and the 15th edition of Indian International Centre festival is to be held from 27-31 October 2018

Key feature of North East Festival

  • Cultural performances involving Bagrumba dance, Hozagir dance of Tripura, Bihu dance of Assam, Garo Wangla dance and Manipuri martial arts performances called Thang Ta.
  • Fashion shows with traditional patterns and textiles.
  • Presentation of organic food and vegetables grown in the region
  • 150 craft stalls displaying exotic handloom and handicrafts products of north east region.
  • Agriculture, horticulture and food processing stalls.
  • There will be special performances by Nise Meruno, classical pianist and vocalist.

Key Features of Experiencing the North East

  • The festival is a part of Destination North East Series being organised by North Eastern Council, Ministry of Development of North Eastern Region (DoNER).
  • The festival is organised by Indian International Centre as 15th anniversary of its annual festivals. The theme for this year is “Experiencing the North East”.
  • To showcase the richness of cultural heritage of North East there will be focus on presenting dance, music, theatre, exhibitions, and special cuisines to the visitors.
  • There will be an exhibition specially focused on Bamboo products.
  • A literary event called “These hills we come from’…Voices from North East
  • Will took place focusing on literature of the region.
  • There will be a showcase of Films of the region also there in the festival.

Thang Ta and sarit –sarak: These two are the martial art forms from the Indian state of Manipur. In Manipuri language thang means sword and ta means spear. Thang Ta is name for the ancient martial practice known as Huyen Lallong .The unarmed aspect of Thang Ta is named as sarit sarak.

Month: Categories: India Current Affairs 2018

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