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Major News and Events of 17 October 2017

What Happened on 17 October 2017


All India Institute of Ayurveda inaugurated

Prime Minister stated that Ayurveda experts need to find medicines which give immediate relief to patients and also keep side effects at bay.

Prime Minister Narendra Modi dedicated to the nation All India Institute of Ayurveda at Sarita Vihar in New Delhi. According to reports, the first phase of the project has been completed at a cost of 157 crore rupees and its campus is spread over 10 acres and its has both hospital and academic blocks. Prime Minister stated that there should be an Ayurveda hospital in every district of the country and AYUSH Ministry is working in this direction. Mr Modi said that in the last three years, more than 65 Ayush Hospitals have been opened in the country.

Gold options trading on MCX launched

Finance Minister Arun Jaitley has launched gold options trading on the leading commodity bourse MCX. MCX is the leading commodity bourse in the country with a market share of over 90 per cent. Options are derivatives which give a buyer the right but not the obligation to buy or sell an underlying asset or instrument at a specific price on or before a certain date.This is the first product for options trading that the regulator Sebi has allowed after 14 years of commencement of commodity exchanges in the country.The gold options contract launched today allows trading in 1kg gold.




FAQs and Answers on Indian History and Geography
Which Indian state is the largest producer of bauxite?The state of Odisha is the largest producer of bauxite in India. India has abundant resources of bauxite and serves as a raw material in the production of aluminium. As per the report of the Ministry of Mines, India stood at the 7th position in… Read More...
Which Indian city is famously known as the "Manchester City of India"?The city of Ahmedabad in the Gujarat state is famously known as the "Manchester City of India". This name was given to this city by a popular textile center in the Manchester of Great Britain, adhering to the striking similarities of Ahmedabad's prospering cotton textile… Read More...
Which Indian state is the largest producer of coffee?Karnataka state is the largest producer of coffee in India. The state contributed about 70% of the total production of coffee in India during 2016-17 with 2.33 lakh MT coffee production. The main variety of coffee grown in Karnataka is Robusta, but the state also… Read More...



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