Wednesday, 26 April 2017

World Intellectual Property Day – 26 April
Every April 26, World Intellectual Property Day is celebrated to learn about the role that intellectual property rights (patents, trademarks, industrial designs, copyright) play in encouraging innovation and creativity.
  • WIP Day is organized by World Intellectual Property Organization (WIPO). It is a self-funding agency of the United Nations, with 189 member states.
A call for reform: On IMF's quota system
Finance Minister Arun Jaitley has demanded reforms to the International Monetary Fund’s controversial quota system, shedding light on the problems facing the Bretton Woods institution in today’s global economy. Quotas determine the size of contingency funds at the disposal of the IMF to lend to countries in need of help, as well as the power of individual countries to influence lending decisions and tap into the funds themselves. 
Murder at noon: On Maoists attack in Chhattisgarh's Sukma
Monday’s ambush of a Central Reserve Police Force battalion in Chhattisgarh’s Sukma district is a tragic reminder of the failure of the Indian state to effectively address the security challenge the Maoists continue to pose. At least 25 CRPF personnel were killed near the Burkapal camp in south Sukma while out on duty to provide protection for road construction on the Dornapal-Jagargunda belt when the Maoists struck. 
World Malaria Day: 25 April
World Malaria Day is observed globally on 25th of April every year. 
  • It is organized by World Health Organization (WHO).


The Paths We Walk
A Documentary Photo exhibition called “The Paths We Walk” was recently inaugurated in New Delhi.
  • The exhibition has been organized by the National Trust under Ministry of Social Justice and Empowerment in collaboration with Society for Child Development.
  • The Documentary photo exhibition is intended to tackle negative myths of disability and employment of persons with Autism, Cerebral Palsy, Intellectual Disability and Multiple Disabilities.
A stark choice: On French presidential polls
The French follow their hearts in the first round, and their heads in the run-off — or so goes the cliché about France’s politics. But the first round of this year’s presidential election was held in such a highly charged environment that voters did not have easy choices before them. And the outcome was unusual, though not totally unexpected. For the first time in the nearly 59 years of France’s Fifth Republic founded by Charles de Gaulle, neither of the mainstream left and right parties made it to the run-off, a clear indication of anti-establishment sentiment running high. 

RBI Policy Rates

Cash Reserve Ratio

4.00%

Repo Rate

6.25%

Reverse Repo Rate

6.00%

Bank Rate

6.50%

Statutory Liquidity Ratio

20.50%

Marginal Standing Facility

6.50%

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