TELANGANA
Hyderabad second most expensive residential realty market in India
The ‘City of Nizams and Pearls’ has emerged as the second most expensive residential realty market in the country after the Mumbai Metropolitan Region (MMR). This is thanks to a steady rise in property prices on the back of robust demand.
The city has also recorded the highest growth in residential property sales for the July-September quarter, says PropTiger.com’s latest report.
According to the report, average residential property prices in Hyderabad on September 30, 2021, stood in the Rs 5,800-Rs 6,000 per sq ft range (Rs 5,751 per sq ft on average) as compared to Rs 9,600-Rs 9,800 per sq ft range (Rs 9,670 per sq ft) in MMR.
INTERNATIONAL
Russian Team Returns Earth After Filming First Movie In Space
A Russian film crew is back on Earth after wrapping up scenes for the first movie shot in space on 17 October.
The movie has been in its kind of space race.
Tom Cruise is also part of a Hollywood filming-in-space project that involves NASA and Elon Musk’s SpaceX.
The plot is tightly under the warps and is said to be about a surgeon dispatched to ISS to save a cosmonaut.
India US – Exercise Yudh Abhyas
The India US 15-day mega military exercise called Yudh Abhyas started on 15 October in Alaska.
The Exercise aims to deepen bilateral military cooperation between both countries and improve understanding, cooperation, and interoperability between India and the USA armies.
It will also focus on combined arms tactics in cold climatic conditions.
The principal aim of the exercise is to share tactical level drills and learn best practices from each other.
New Defense Companies Given To India
Seven new defence companies were dedicated to India by the Defence Ministry on 15 October. Highlights
All these companies started operating on 1 October as the government decided to convert the
200-year-old OFB government department to seven 100 per cent government-owned corporate entities.
It was converted to enhance efficiency, functional autonomy, unlock new growth potential & innovation, and improve India’s self-reliance in defence preparednes
G20 Innovation League Unveiled By Italy
The G20 Innovation League was disclosed under the Italian Presidency to create a sustainable future.
This new Initiative was designed to run innovative projects to create a sustainable future.
This will bring in innovative startups from the G20 countries and investments and institutions to develop and collaborate on innovative sustainable business projects.
NATIONAL
Working Group Set Up For PMFBY
Working Group is set up to launch the Pradhan Mantri Fasal Bima Yojana from the 2022 Kharif Season.
The Working group has Officials from the Centre, top executives of public sector insurance companies and vital crop-producing states.
The Working group will suggest “sustainable, financial and operational models.”
It was created after several states left the scheme, which breaks the purpose of protecting farmers’ income.
This working group will address the demand for an alternative model to deliver sustainable capacities of insurers.
It will also achieve deliberated premium pricing to cut the subsidy burden on the government. The Working Group will give its report in the next six months.
PM Inaugurate Kushinagar International Airport On 20 October
PM Narendra Modi will inaugurate the Kushinagar International Airport on 20 October. Highlights:
The inaugural flight will land at the airport from Colombo, Sri Lanka, carrying 125 dignitaries & Buddhist Monks.
Ambassadors of several countries will join the ceremony, and a special delegation from Sri Lanka will also be at the inauguration ceremony.
UP chief minister Yogi Adityanath discussed the arrangements for the inauguration ceremony of the international airport in the Kushinagar district.
Kushinagar is where Gautam Buddha attained Mahaparinirvana.
It is also the centre point of the Buddhist circuit, which consists of pilgrimage sites at Lumbini, Sarnath and Gaya.
The airport will serve a population of more than two crores since the airport has around 10-15 Districts and will be an excellent support for the large migrant population.
This will also boost the opportunities to export horticultural products like bananas, Strawberries and Mushrooms.
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