Mumbai Tests Tsunami Early Warning System
1.A newly-installed tsunami early warning system siren was successfully tested in Mumbai
2.The siren and a digital electronic board is part of a system for issuing early warning in case of a tsunami threat in the Indian Ocean region.
3.The siren has a radical range of three kilometres in all directions and will have continuous hoot for one minute.
4.In case of a threat, seven tsunami buoys with sensors will record the height and speed of waves and will alert the monitoring centre in Hyderabad.
Tremors in Uttarakhand After 7.5 Magnitude Earthquake, No Casualty or Damage
1.People rushed out of their homes and offices across Uttarakhand today as an earthquake measuring 7.5 on the Richter scale shook whole
of north India but there was no report of casualty or damage in the state.
2.Disaster Management and Mitigation Centre (DMMC) officials said there has been no report of any damage to life and property from
anywhere so far even as tremors were felt in several areas of the state including Mussoorie, Dehradun, Haridwar, Roorkee and Rishikesh.
India E-Commerce Story Strong, to Hit $35 Billion by 2019
1.”The growth of India e-commerce remains strong, tracking our expectations of reaching USD 35 billion by 2019,” Nomura said in a
2.According to Nomura, the festive sale season kicked off with a bang for Indian e-commerce players, but still is lower in comparison
with China and the US.
3.In China, Alibaba during its ‘Singles Day’ on November 11, 2014 sold goods worth $9 billion, while in the US, during Cyber Monday
(Monday after Thanksgiving) and Black Friday, sales of around $3 billion each were recorded in 2014.
4.According to Technopak, e-commerce in India recorded around $7 billion in annual sales in FY15, and is expected to generate about $10
billion in FY16, leading to sales expectations of around $4 billion for the e-commerce firms this festive season.
IMF Set for Green Light on China’s Yuan Joining Currency Basket
1.International Monetary Fund staff are set to give the all-clear for China’s yuan to be included in the lender’s benchmark currency
basket, laying the groundwork for a favorable decision by policymakers, people familiar with the discussions.
2.Beijing is pushing for the yuan to join the Special Drawing Rights (SDR) basket as part of its long-term strategic goal of reducing
dependence on the dollar and to mark the country’s coming of age as an economic power.
Investment via P-Notes Rises to Rs 2.55 Lakh Crore in September
1. Investment through Participatory Notes or P-Notes into India’s capital market grew to Rs 2.54 lakh crore (about $39 billion) at the
end of September.
2.Prior to that, investment via this route has been declining in the three months (June-August) after touching a seven-year high of Rs
2.85 lakh crore in May. This was the highest investment since February 2008, when the cumulative value stood at Rs 3.23 lakh crore.
3.Total value of P-Notes investment in Indian markets (equity, debt and derivatives) increased to Rs 2,53,875 crore at September-end,
from Rs 2,53,310 crore in the previous month, data from capital market regulator Sebi (Securities and Exchange Board of India) showed.
India, Australia to Hold Talks on Cyber-Security
1.Australia and India will hold talks on counter-terrorism, cyber-security and international crime cooperation in New Delhi during the
ongoing official visit of Trade Minister and Attorney General.
2.The discussions will be held during the official visit of Australian Attorney-General George Brandis who is in India along with Trade
Minister Andrew Robb.
3.Brandis is on official visit to India from October 25 to 29. He will be meeting key government counterparts besides participating in
the Australia-India Leadership Dialogue. “I will use the visit to engage on matters of national security and to encourage greater
security and legal cooperation between Australia and India,”.