Daily Current Affairs (19th October - 2016)

National

http://www.iasplanner.com/civilservices/images/INS-Tihayu.jpgINS Tihayu commissioned

  • Water Jet Fast Attack Craft (WJFAC) INS Tihayu was commissioned into the Indian Navy by the Flag-Officer- Commanding-in- Chief of the Eastern Naval Command Vice-Admiral H.C.S. Bisht.
  • The 315-tonne INS Tahiyu is the sixth WJFAC Car Nicobar Class vessel to be commissioned and allotted to the Eastern Fleet of the Navy.
  • It is an improved version of the earlier vessels and it can achieve a top operating speed of 35 knots per hour, said the Chairman and Managing Director of GRSE Rear Admiral (retd) A.K. Verma.
  • The ship will be commanded by Commander Ajay Kashov and will have four officers and 41 crew members.

http://www.iasplanner.com/civilservices/images/Krishna-Water-Disputes.jpgNo relook into allocation of Krishna water: Tribunal

  • In a major set back to Telangana and Andhra Pradesh States, the Brijesh Kumar Tribunal on sharing of Krishna waters (Krishna Water Disputes Tribunal-II) has made it clear that it would not take a relook into allocation of water among the riparian States afresh but would take up distribution of water allocation to combined AP to Telangana and residuary AP States.
  • AP and TS arguing that Section 89 in the AP Reorganisation Act meant redistribution of Krishna water among all the four riparian States not just between them at New Delhi.
  • TS and AP to come before it on December 14 with claims on sharing of water between the two out of the allocation made for combined AP by the tribunal already.
  • Advisor to State Government (Irrigation) R. Vidyasagar Rao who was present during the pronouncement of the judgement expressed disappointment over the tribunal verdict and said the government would chalk out its future course of action after going through the judgement and taking legal opinion.
International

http://www.iasplanner.com/civilservices/images/Donald-Trump.jpgTrump proposes ethics plan in his ‘war against establishment’

  • A five-point plan for “ethics reform” is the latest weapon in what Mr. Trump calls a “movement against the Washington establishment”.
  • The practice of lawmakers and government officials moving to private firms at high salaries and returning to the government later is criticised as the ‘revolving door’ in the U.S capital.
  • Mr. Trump is gearing up for the third and last presidential debate on Wednesday, with his campaign projecting its programmes as a war on the ‘establishment.’
  • Mr. Trump has focused his energies on wooing the young voters, and in all his speeches, talks about how “Bernie was unfairly treated by” the Democratic Party.
Economy

http://www.iasplanner.com/civilservices/images/China.jpgChina GDP growth stable in third quarter

  • Chinese growth stabilised in the third quarter, data showed as ample credit and hot property markets propped up the world's second-largest economy.
  • The government has targeted 6.5-7.0 per cent growth for the year, following 6.7 per cent last year which was the slowest rate in a quarter of a century.
  • Data showed a pick-up in retail spending, which has become an increasingly important component as Beijing looks to recalibrate the country's growth driver from investment and exports to consumer demand.
  • The NBS acknowledged that the economy was in "a critical period of transformation and upgrading, with old drivers of growth to be replaced by new ones". India-U.S. meet to focus on market access issues.
  • Market access issues on goods and services as well as Intellectual Property Rights policy-related matters are expected to figure in the India-U.S. Trade Policy Forum (TPF) meetings slated to be held here on October 19 and October 20.
  • Under the TPF (the premier bilateral forum for discussion and resolution of trade and investment issues), there would also be technical-level discussions on October 18 followed by a meeting at the level of the Indian commerce secretary and the deputy USTR on October 19.
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