Current Affairs India - 7 November 2015

1. Union Cabinet chaired by Prime Minister Narendra Modi has approved Ujwal DISCOM Assurance Yojna (UDAY) for financial restructuring of debt of power distribution companies this week with the key aim for financial turnaround and revival of Power Distribution companies (DISCOMs). UDAY scheme allows power DISCOMs in selected states to convert their debt into state bonds as well as roll out number of measures to improve efficiency at power plants. Selected states would be able to sell the balance 25% as state-backed power bonds or loans which will carry interest rates of g-sec plus 50 basis points.

2. Union Ministry of Finance decided to impose 0.5% Swachh Bharat Cess on all taxable services which will be charged in addition to the existing 14% serrvice tax. The Swachh Bharat Cess will be effective from 15th November 2015 and the proceeds will be exclusively used to support Swachh Bharat initiative.

3. Indian Army has successfully test fired the nearly 300-km-range Brahmos supersonic land attack cruise missile at Pokhran in Rajasthan today which met all the mission objectives. A mobile autonomous launcher at the ranges launched the missile. The Army has already inducted three regiments of Brahmos in its arsenal.

It can be launched from land, Sea, Sub-seas and air. It operates on Fire and Forget Principle by adopting varieties of flights on its way to the target.

4. Famous film, television and stage actor Vikram Gokhale was conferred with the prestigious Vishnudas Bhave Award this week at a sunction held in Sangli, Maharashtra. The actor was felicitated with the award for his outstanding contribution to Marathi theatre. He won the National Film Award for Best Actor category for his Marathi film Anumati in 2013.

5. India-s Spinner Ravichandran Ashwin's has become the fastest Indian bowler to take 150 Test wickets in 29 Tests. He achieved this feat during first test against South Africa which India won. Overall, former England fast bowler Sydney Barnes is the fastest to take 150 wickets in 24 Tests.

6. Indian shooter Heena Sindhu won the gold medal in the 10m air pistol women-s event at the 13th Asian Shooting Championship which is currently being held in Kuwait City. Other Indian shooters Nivetha won gold in the 10m air pistol junior women-s event and Shivam Shukla won Gold medal in the 25m pistol men-s junior event.