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Sunday, October 14, 2018

DAILY CURRENT AFFAIRS: 8 OCT 2018


DAILY CURRENT AFFAIRS: 8 OCT 2018
(DAILY NEWS INDIA)
                                SHARED BY: WWW.DAILYGK.IN

1.      RUSSIAN PRESIDENT VLADIMIR PUTIN’S 2-DAY VISIT TO INDIA 2018
I. Russian President Vladimir Putin reached New Delhi commencing his on two-day visit to India.
II. The Russian President attended the 19th India-Russia Annual Bilateral Summit 2018 in New Delhi.
III. India and Russia signed their biggest defence deal in over two decades for Five S-400 air defence systems with worth $5.43 billion ( Rs. 39,000 crore), surface-to-air missile systems
IV. The 2 countries have also set a target of achieving $30 billion bilateral trade by 2025.
V. Indra 2018, joint India-Russia counter-terrorism exercise, to be held in UP in November
VI. The S-400 regiments will be delivered starting 2020 and are likely to be deployed to cover both the Pakistani and Chinese borders.

2.      THE ELECTRONIC TRADING PLATFORMS (RESERVE BANK) DIRECTIONS, 2018’ RELEASED BY RBI
I. RBI issued norms for operating Electronic Trading Platforms to enable transactions in eligible instruments.
II. The Electronic Trading Platforms (Reserve Bank) Directions, 2018’ called: ‘The Electronic Trading Platforms (Reserve Bank) Directions, 2018’.
III. ETPs will strictly mean any electronic platform except the stock exchange, where transactions of eligible instruments would take place.
IV. A entity to operate as an ETP, it has to obtain the permission of the RBI beforehand.
V. Furthermore, an entity seeking authorisation as an ETP operator should possess and maintain a minimum net-worth of Rs 5 crore at all times.

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