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Daily Quick Revision Current Affairs || 15 October 2019

National Medical Commission
•National Medical Commission Act 2019 proposes set up a National Medical Commission with 25 members.
•Appointment: These members will be appointed by the central government on the recommendation of a committee.
Composition: The members will include a chairperson, who must be a senior medical practitioner and academic with at least 20 years of experience, 10 ex officio members and 14 part-time members
•The NMC will frame policies for regulating medical institutions and medical professionals, assessing the requirements of healthcare-related human resources and infrastructure, and ensuring compliance by the State Medical Councils of the regulations made under the Bill.
Besides this, the NMC will frame guidelines for determination of fees for up to 50 per cent of the seats in private medical institutions and deemed universities which are regulated under the Bill.
•Union health ministry on Monday finalized 25 members of the recently constituted National Medical Commission (NMC)
India- China Informal Summit at Mahabalipuram
•Mahabalipuram, or Mamallapuram, 56 km south of Chennai on the Tamil Nadu coast had ancient links with Buddhism and China through the maritime outreach of the Pallava dynasty.
•The name Mamallapuram derives from Mamallan, or “great warrior”, a title by which the Pallava King Narasimhavarman I (630-668 AD) was known. [ It was during his reign that Hiuen Tsang, the Chinese Buddhist monk-traveller, visited the Pallava capital at Kanchipuram.]
•PM Modi and Chinese President Xi Jinping met in the ancient coastal town of Mamallapuram or Mahabalipuram in Tamil Nadu for a second Informal Summit. [The two countries convened their first Informal Summit in central China’s Wuhan in April 2018]
‘Dark Grey’ list of FATF
•According to FATF rules there is one essential stage between ‘Grey’ and ‘Black’ lists, referred to as ‘Dark Grey’.
•‘Dark Grey’ means issuance of a strong warning, so that the country concerned gets one last chance to improve, another official said.
•Pakistan is on the verge of strong action by the international terror financing watchdog FATF and the country may be put in the ‘Dark Grey’ list, the last warning to improve.
•If Pakistan continues with the ‘grey list’ or put in ‘Dark Grey’ list, it would be very difficult for the country to get financial aid from the IMF, the World Bank and the European Union, making its financial condition more precarious
•Pakistan has been described as a safe haven for terrorists by western media and the United States Defense Secretary
Asia-Pacific Trade and Investment Report 2019:Published by the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) and UNCTAD
•Non-tariff measures (NTMs) have increased in the past two decades and are affecting trade as well sustainable development goals (SDGs) in Asian countries.
•NTMs affect 58 per cent of the trade in Asia-Pacific.
•The average cost of these measures alone amounts to 1.6 per cent of gross domestic product, roughly $1.4 trillion globally.
•NTMs allude to technical measures such as sanitary (for protection of human and animal health), and phytosanitary (for protection of plant health), or SPS, and Technical Barriers to Trade (TBT), which are related to environmental and sustainable standards that are set to block or slow down trade instead of regular tariffs or duties.
2019 Nobel Prizes View — 
▫️The Nobel Prize in Physics 2019: 
1.James Peebles “for theoretical discoveries in physical cosmology”.
2.Michel Mayor and 3.Didier Queloz “for the discovery of an exoplanet orbiting a solar-type star”.
▫️The Nobel Prize in Chemistry 2019:
John B. Goodenough😁, .M. Stanley Whittingham and Akira Yoshino “for the development of lithium-ion batteries”
▫️The Nobel Prize in Physiology or Medicine 2019:
William G. Kaelin Jr, Sir Peter J. Ratcliffe and Gregg L. Semenza “for their discoveries of how cells sense and adapt to oxygen availability
▫️The Nobel Prize in Literature 2019:
Polish author Olga Tokarczuk and Austrian novelist Peter Handke would receive 2018 and 2019 Nobel Prize for Literature ( prize was postponed in 2018 after the academy was hit by a sexual assault scandal.)
▫️The Nobel Peace Prize 2019:
Abiy Ahmed Ali (PM of Ethiopia) “for his efforts to achieve peace and international cooperation, and in particular for his decisive initiative to resolve the border conflict with neighbouring Eritrea”
▫️Nobel Prize in Economics 2019 (Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel) 
Abhijit Banerjee(Kolkata-born NRI) and Esther Duflo( Abhijit's wife) won the Nobel Prize in Economics, along with economist Michael Kremer, for their "experimental approach to alleviating global poverty"
Facebook’s new cryptocurrency- Libra
•Despite several high-profile defections and intense criticism from US regulators and politicians, Facebook officially launches Libra.
•it is a digital asset built by Facebook and powered by a new Facebook-created version of blockchain, the encrypted technology used by bitcoin and other cryptocurrencies.
•The currency will be serviced by a collective of companies called the “Libra Association”. It functions as what is known as a “stablecoin”, pegged to existing assets like the dollar or euro, in the aim of making it less subject to the volatility that many cryptocurrencies experience
•The Libra Association is described by Facebook as an independent, not-for-profit organisation based in Switzerland
LOTUS-HR project: Hide —

•The launch of the second phase of the Local Treatment of Urban Sewage streams for Healthy Reuse (LOTUS-HR) program was recently held. It is located in Delhi.
•The LOTUS-HR project is jointly supported by Department of Biotechnology, Ministry of Science and Technology, Government of India and Netherlands Organization for Scientific Research.
•The project was initiated in July 2017 and aims to demonstrate a novel holistic (waste) water management approaches that will produce clean water which can be reused for various purposes.
World Standards Day: 14 October
• The aim of WSD is to raise awareness among regulators, industry and consumers as to the importance of standardization to the global economy.
•The first WSD was observed in 1970

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