Top 5 Current Affairs: 31 October 2018

Rashtriya Ekta Diwas 2018 observed to commemorate 143rd birth anniversary of Sardar Patel

India observed Rashtriya Ekta Diwas on October 31, 2018 to commemorate the 143rd birth anniversary of Sardar Vallabhbhai Patel, the Iron Man of India.

On this occasion, Home Minister Rajnath Singh flagged off the ‘Run for Unity’ from Major Dhyanchand Stadium. He also administered unity pledge to the participants. Prime Minister Narendra Modi dedicated world's tallest ‘Statue of Unity’ to the nation at Kevadiya in Narmada district of Gujarat. The Prime Minister also unveiled the ‘Wall of Unity’, a wall created with the earth samples collected from various states across the country.

Delhi Metro Pink Line: Trilokpuri Sanjay Lake - Shiv Vihar section opens for public

The Trilokpuri Sanjay Lake to Shiv Vihar section of the Delhi Metro Pink Line was flagged off by Union Minister Hardeep Singh Puri and Delhi Deputy Chief Minister Manish Sisodia on October 31, 2018.

With the opening of this 17.86 km long section, Delhi Metro joined the league of top metro networks around the world which have an operational length of over 300 km like those in London, Beijing, Shanghai and New York. Delhi Metro Network has now become 314 kilometres long with 229 metro stations. From now on, Delhi Metro will be running 4,749 trips a day, the highest ever so far.

Anupam Kher resigns as Chairman of Film and Television Institute of India

Anupam Kher on October 31, 2018 resigned as Chairman of the Film and Television Institute of India (FTII), citing international film and TV assignments.

Anupam Kher took office as the Chairman of the prestigious organisation in October 2017. Prior to Kher, Gajendra Chauhan was the Chairman of FTII. Chauhan left office in March 2017. He offered his resignation through a letter addressed to the Union Minister of Information and Broadcasting Rajyavardhan Singh Rathore.

Section 7 of the RBI Act, 1934: All you need to know

The Union Ministry of Finance on October 31, 2018 clarified that “the autonomy for the Central Bank, within the framework of the RBI Act, is an essential and accepted governance requirement”.

The clarification came in the wake of widespread rumours about government’s decision to invoke never-before-used powers by invoking Section 7 of the Reserve Bank of India (RBI) Act, 1934, allowing it to issue directions to the RBI Governor on matters of public interest such as liquidity for NBFCs, capital requirement for weak banks and lending to SMEs.

PM Modi unveils world's tallest statue 'Statue of Unity'

Prime Minister Narendra Modi on October 31, 2018 unveiled the bronze statue of India’s first deputy prime minister, Sardar Vallabhbhai Patel at Kevadia in Gujarat's Narmada district.

The 'statue of unity' dedicated to the ‘Iron Man of India’ has been constructed on a river island called the Sadhu Bet on the Narmada river in Kevadiya town. The structure will be double the size of the Statue of Liberty in New York city in the United States.