DAILY CURRENT
AFFAIRS: 12 OCT 2018
(DAILY NEWS INDIA)
SHARED
BY: WWW.DAILYGK.IN
1.
GOVERNMENT CUTS EXCISE DUTY ON JET FUEL TO 11 % FROM CURRENT 14
%
i. The
government reduced excise duty on jet fuel to 11 % from current 14 % inorder to
help the aviation industry that has been affected badly by high fuel prices.
ii. The
Revenue Department of the Finance Ministry has notified that the excise duty on
aviation turbine fuel change will come
to effect from 12th October 2018.
2.
FIRST INDIA-ISRAEL INNOVATION CENTRE OPENS IN BENGALURU
i. India’s
first India-Israel Innovation Centre an
entrepreneurial technology hub, was launched in Bengaluru.
ii. It will help Israeli companies enter India. It
will enable local partnerships and joint ventures between companies from India
and Israel.
iii. It will
create an ecosystem to support entrepreneurship, partnership with vendors,
mentoring and non-formal community development and covers business, technology,
investors and customers.
3.
DELHI, MOSCOW SIGN TWIN-CITY AGREEMENT
i. Delhi
government signed a twin-city agreement with the government of Moscow for
cooperation in various fields like environment, culture and education, for the
next 3 years.
ii. The two
governments have mutually agreed to extend help in environmental protection and air
pollution control, cultural and tourism, healthcare, education, sports,
transport management and e-governance.