DAILY GK -- 151 TO 229 OCTOBER 2015 BANKERSADDA.COM
151. Golf: Anirban Lahiri wins Asian Tour Golfer of the Month award
i. Anirban Lahiri added another feather to his already crowded cap by winning the inaugural Hilton Asian Tour Golfer of the Month award. As part of Hilton Worldwide's newest partnership with the region's Tour, the Asian Tour Hilton Golfer of the Month award aims to recognise outstanding efforts of Asian Tour members both at home and abroad.
ii. Lahiri was voted as the winner based on his stellar performance from June to September, with subsequent awards based on monthly achievements as the Asian Tour is now back in full swing.
Ranked 39th in the world, the Indian star enjoyed a spell-binding opening nine months which saw him win two events sanctioned by the Asian Tour and European Tour.
iii. Lahiri also finished joint fifth in the PGA Championship for India's best performance in a Major in August and became the first from the country to earn a spot with the Presidents Cup's International Team.
iv. Lahiri won the award ahead of Thai duo Kiradech Aphibarnrat and Prayad Marksaeng. The three players were nominated by a selection panel before going into a voting process.
152. Sehwag retired from all forms of International Cricket, IPL
i. Indian cricketer Virender Shewag on 20 October 2015 retired from all forms of international Cricket and Indian Premier League (IPL).
ii. Sehwag revealed his decision after signing up to play in 2016 Masters Champions League Twenty20 tournament in Dubai. Masters Champions League, a UAE-based Twenty20 tournament requires its participants to have retired from all international formats.
iii. An aggressive right-handed opening batsman and a part-time right-arm off-spin bowler, Sehwag played his debut One Day International in 1999 and joined the Indian Test team in 2001.
iv. In April 2009, Sehwag became the only Indian to be honoured as the Wisden Leading Cricketer in the World for his performance in 2008, subsequently becoming the first player of any nationality to retain the award for 2009.
153. PM
Narendra Modi lays foundation stone for Andhra Pradesh’s new capital city
i. Prime Minister Narendra
Modi laid the foundation stone Amaravati, a new capital city of Andhra Pradesh
on the occasion of Dussehra and Vijaya Dashmi. The foundation stone of new
futuristic capital city of the state was laid at a grand ceremony held in
Guntur district.
ii. Andhra Pradesh Chief
Minister N. Chandrababu Naidu along with other guests participated in the
rituals to mark laying the foundation.
iii. The name Amaravathi was
chosen in view of the historical, spiritual and mythological significance as it
was ancient seat of Satavahana kingdom. Located between Vijayawada and Guntur
region of state on the banks of Krishna River. It is only place where river
flows north direction instead of east or south.
iv. State government had inked
MoU with Singapore government agencies for preparing the master plan for
Amaravati. It was submitted in July 2015. The capital city will house state
Legislative Assembly, Legislative Council, High Court, Secretariat, Raj Bhavan
etc. in area covering 16.7 sq km.
154. RBI
issued direction on implementation of Gold Monetisation Scheme 2015
i. The Reserve Bank of India
(RBI) on 22 October 2015 issued a Direction to all Scheduled Commercial Banks
(excluding Regional Rural Banks) on implementation of the Gold Monetisation
Scheme, 2015 notified by the Union Government.
ii. The RBI issued the
direction to banks in exercise of powers conferred on it under Section 35A of
the Banking Regulation Act, 1949. The GMS 2015 will replace the existing Gold
Deposit Scheme, 1999.
iii. The designated banks may
sell or lend the gold accepted under STBD to MMTC for minting India Gold Coins
(IGC) and to jewellers, or sell it to other designated banks participating in
GMS. The gold deposited will be auctioned by MMTC or any other agency
authorised by the Central Government and the sale proceeds will be credited to
the Union Government’s account with the Reserve Bank.
iv. Complaints against
designated banks regarding any discrepancy in issuance of receipts and deposit
certificates, redemption of deposits, payment of interest will be handled first
by the bank’s grievance redress process and then by the Reserve Bank’s Banking
Ombudsman.
155. Alok
Rawat becomes first male member of National Commission for Women
i. Senior IAS officer Alok
Rawat became first male person to be appointed as member of National
Commission for Women (NCW). His appointment fills the fourth seat in the
five-member body that seeks to review the constitutional and legal safeguards
for women.
ii. Alok Rawat is 1977 batch
IAS officer of Sikkim cadre. Prior to this appointment, he had served at
various senior level posts at different Union Ministries. He had served as
Director (joint secretary) in Union Ministry of Defence and Union Ministry of
Road transport and Highways.
iii. He also had served as
secretary (UPSC) and secretary (Coordination and Public Grievances) in the
Union Cabinet Secretariat and secretary in Union Ministry of Water Resources,
River Development and Ganga rejuvenation.
iv. NCW is a statutory body
established under the National Commission for Women Act, 1990. It was
established in January 1992 to review the constitutional and legal safeguards
for women. It recommends remedial legislative measures, advise Government on
all policy matters affecting women and facilitate redressal of grievances
related to women.
156. Sam
Pitroda’s autobiography Dreaming Big- My Journey to Connect India released
i. Autobiography of Sam Pitroda
named Dreaming Big: My Journey to Connect India has been released. It is
written with the help of an American author David Chanoff.
ii. The autobiography
describes the journey of Satanarayan Gangaram Pitroda (famously known as Sam
Pitroda), who is known as father of Indian telecommunication revolution.
iii. The book embarks a life
long journey of Sam Pitroda starting from his birth in 1964 in Titilagarh in
Odisha to his revolutionary career in United States and India.
iv. Further, the book also
tells his success in the telecommunication revolution of India and important
role played by former Prime Minister Rajiv Gandhi in achieving the revolution.
It also highlights important incidents in his life after the assassination of
Rajiv Gandhi.
157. Government
divides Maharashtra and Gujarat Naval Areas into two Separate Headquarters
i. Union Ministry of Defence
has divided erstwhile Maharashtra and Gujarat (MnG) Naval Area into two
separate headquarters in order to enhance operational and administrative organizational
structure. They have been divided under Flag Officer Maharashtra Area and Flag
Officer Gujarat Naval Area.
ii. The division will help for
better vigilance on the sea border with Pakistan and in better communication
and coordination with the respective state governments, local authorities and
fishermen.
iii. The charge of Flag
Officer Maharashtra Area was assumed by Rear Admiral Satish Namdeo Ghormade.
While, Rear Admiral Murlidhar Pawar will assume as Flag Officer of Gujarat
Naval Area.
iv. The idea of dividing the
existing Maharashtra and Gujarat Naval Area into two parts was mooted after
considering breach in naval security from Pakistan’s side on at least on two
occasions i.e. 26/11 terrorist attack in 2008 and destroying of ship carrying ammunition
by Indian Navy in 2014.
158.
Zimbabwean President Robert Mugabe awarded 2015 Confucius Peace Prize by China
i. Zimbabwean President Robert
Mugabe has been awarded 2015 Confucius Peace Prize by China. The Prize is
dubbed as Chinese equivalent of the Nobel Peace Prize. He has been chosen for
this edition of prize for his inspirational leadership and service to
pan-Africanism and African independence.
ii. The prize also has
recognised his efforts to overcome difficulties of all kinds and his commitments
for constructing his nation’s political and economic order.
iii. Mugabe is the founding
leader of Zimbabwe and has ruled the country since it gained independence in
1980 from United Kingdom. He was elected as Prime Minister in 1980 and served
in that office till 1987.
iv. He became Zimbabwe’s first
President in December 1987 and since then he is in office for past 28 years. In
January 2015, he was appointed as Chairman of African Union (AU).
v. The prize was established
in 2010 by China’s Communist Government after it was angered by Nobel Peace
Prize being awarded to imprisoned Chinese dissident Liu Xiaobo.
159. Prime
Minister laid foundation stone of Shri Venkateswara Mobile & Electronics
Manufacturing Hub
i. Prime Minister Narendra
Modi on 22 October 2015 laid the foundation stone of Shri Venkateswara Mobile
and Electronics Manufacturing Hub in Tirupati in Andhra Pradesh. The hub will
be a dedicated mobile handset manufacturing facility.
ii. The foundation stone of
this mobile handset manufacturing facility was laid during PM's visit to Andhra
Pradesh to lay the foundation stone for new Andhra Pradesh capital Amaravati.
iii. Shri Venkateswara Mobile
& Electronics Manufacturing Hub will create more than 10000 jobs within a
year. The hub is expected to contribute at least 5 percent of all-India target
of 15 lakh jobs by 2019.
iv. As per Indian Cellular
Association (ICA), Andhra Pradesh is fast turning out to be a preferred
destination for mobile handset and component manufacturing companies.
v. ICA is also working with
the Andhra government to set up design centres and incubation centres to
establish the state as a truly global scale mobile handset manufacturing hub.
160. Union
Government cleared first batch of AMRUT projects for 89 cities worth 2786 crore
rupees
i. The Union Ministry of Urban
Development on 22 October 2015 gave its nod to the first batch of state level
Action Plans under Atal Mission for Rejuvenation and Urban Transformation
(AMRUT). The approved Action Plans have a total of 143 projects in 89 AMRUT
cities in Andhra Pradesh, Gujarat and Rajasthan.
ii. The State Annual Action
Plans (SAAP) worth 2786.28 crore rupees were cleared by inter-ministerial Apex
Committee of AMRUT for 89 cities in the three states. It is for the first time
that the Urban Development Ministry approved state level plans unlike the past
practice of appraising and approving individual projects.
iii. The plans include 47
schemes relating to ensuring water supply connections and augmenting water
supply. In addition, they also include 31 projects for expanding sewerage
network services in identified cities and towns.
iv. Gujarat will take up
sewerage projects in 25 AMRUT cities at a cost of 916 crore rupees and water
supply schemes in 11 cities with an investment of 233.65 crore rupees.
Rajasthan will take up sewerage schemes in 6 cities at a cost of 555 crore
rupees and water supply projects in 10 cities at a cost of 344 crore rupees.
v. Union Government will
provide an assistance of 50 percent of project cost for cities with a
population of up to 10 lakhs each and one third of project cost for cities with
a population of above 10 lakhs each.
161.
Renowned marine biologist Syed Zahoor Qasim died
i. Renowned marine biologist
Syed Zahoor Qasim died on 20 October 2015 in New Delhi. He was 88. He is
considered as the founder of Polar Biology in India and was part of the first
Indian expedition to Antarctica in 1981-82.
ii. After the first
expedition, he successfully organized and guided the next the seven expeditions
till 1988 and made pioneering contributions in the field of fisheries biology,
mari-culture, estuarine ecology and environmental pollution.
iii. Based on his research, he
also published around 200 original research papers in national and
international journals. He was also a member of Planning Commission (1991-96)
and served as the vice-chancellor of the Jamia Millia Islamia University in New
Delhi.
iv. In recognition of his
contributions, he was honoured with Padma Shri and Padma Bhushan by the Union
Government and Life Time Achievement Award by the Indian Science Congress in
2008. He was born on 31 December 1926 at Allahabad in the present day Uttar
Pradesh.
162. RIP
Labh Janjua: Bollywood mourns ‘London thumakda’ singer’s demise
i. Bollywood celebrities like
Ayushmann Khurrana, Pritam, Sunidhi Chauhan and Shaan have mourned the tragic
demise of Punjabi singer Labh Janjua, calling it a big loss to the Indian music
industry.
ii. Labh Janjua, best known
for his hit songs like “London thumakda” and “Jee karda”, was found dead at his
residence in Goregaon (West) on Thursday morning, police said. His body was
taken to Cooper Hospital for post mortem and the police is investigating
further.
iii. Bollywood celebs took to
Twitter to express their grief. Here’s what they have written: Ayushmann
Khurrana: RIP Labh Janjua. Your voice will always remain immortal. It carried
the soul of Punjab. Salim Merchant: Heard about the sudden demise of singer
Labh Janjua.
163. Indian
mountaineers climbed an untouched mountain peak, named it after APJ Abdul Kalam
i. Two mountaineers Arjun
Vajpai and Bhupesh Kumar in third week of October 2015 created history by
becoming first people to climb 6180 meter high unnamed peak in Himachal’s Spiti
Valley. The duo named the peak as Mout Kalam, in honour of former President of
India, Dr. Abdul Kalam.
ii. Newly named Mt. Kalam is
located near Bara Shigri Glacier, largest glacier located in Himachal Pradesh.
Bara-Sigri glacier is the second longest glacier in Himalaya after Gangotri
both are around 30 km long.
iii. Vajpai and Kumar hailing
from Noida and Bulandshahr respectively started the expedition on 8 October
2015 from Noida and completed the climb on 14 October 2015 and hoisted the
Indian national flag. They returned back on ground on 20 October 2015.
iv. Earlier in 2010, Vajpai
became the youngest Indian to climb Mt. Everest. He climbed the highest peak in
the world at the age of 16. Bhupesh has scaled 17 peaks in India.
164.
President gives away Sangeet Natak Akademi awards, fellowships
i. President Pranab Mukherjee
presented the Sangeet Natak Akademi Fellowships and Awards for the year 2014 at
Rashtrapati Bhavan on Friday.
ii. While leading musicologist
S R Janakiraman, theatre doyen and noted filmmaker M S Sathyu, and musicians
Vijay Kumar Kichlu and Tulsidas Vasant Borkar were awarded fellowships of the
Sangeet Natak Akademi, 35 eminent personalities were honoured with Akademi
Awards in the categories of music, dance, theatre, traditional folk/tribal
music/dance/theatre and puppetry and overall contribution/scholarship in the
performing arts.
iii. Nine artistes — including
Ashwini Bhide Deshpande, Iqbal Ahmed Khan, Nath Neralkar, Nayan Ghosh and Ronu
Majumdar— received awards for their contribution to music, while eight artistes
were honoured for their contribution to dance.
iv. Eminent folk singer from
Jammu and Kashmir Abdul Rashid Hafiz, who is known for his renditions of
traditional Chakri singing, was among eight artistes facilitated for
their contribution to traditional arts. Noted playwright Asgar Wajahat was
amongst the eight artists honoured for their contribution to theatre.
165. Ratan
Tata invests in virtual cash start-up Abra
i. Abra, a Silicon Valley
bitcoin startup, on Thursday revealed it had raised money from Tata Sons chairman
emeritus Ratan Tata and American Express, as part of its $12-million Series-A
funding.
ii. Abra raising funds was
reported last month, but the company did not reveal Tata’s participation then.
These are the first investments in the crypto-currency world for both American
Express and Ratan Tata.
iii. Bitcoin is a system of
electronic money, used for buying and selling online and without the need for a
central bank. Bitcoin is also a unit of the bitcoin electronic system of money.
iv. Tata has been investing in
Indian, as well as international start-ups, for about a year. He has invested
in companies such as Ola, Paytm, Snapdeal, Urban Ladder, Bluestone, and
CarDekho. Tata has invested in at least 12 start-ups in the past year. He is
also an advisor to private equity firms IDG Ventures, Kalaari Capital, and
Jungle Ventures.
v. Using the Abra app, users
can store digital cash and send money to any smartphone. It uses a network of
individuals or businesses earning money by buying and selling digital cash to
and from any consumer via the Abra app.
166. Japan
offers soft loan to India for bullet train project
i. Japan has offered soft loan
of 15 billion dollars (Rs 90,000 crore) at an interest rate of less than 1 per
cent to India’s ambitious first bullet train project viz. Mumbai-Ahmedabad high
speed rail corridor along with technology.
ii. In this regard, Japan
International Cooperation Agency (JICA) has submitted its report to the Union
Railway Ministry. In its report JICA has envisaged a reduction in the travel
time on the 505-km long corridor between the two western cities to 2 hours from
the existing period of over 7 hours.
iii. The report also has
mentioned that the bullet train is expected to run at speeds of around 300-350
km/hour.
iv. Japan’s announcement comes
in a bid to surpass competition from China and other countries. It also seeks
to overcome Japan’s broader push back against China’s involvement in
infrastructure development in South Asia over the past several years.
167.
Himachal Pradesh to host India’s first Paragliding World Cup
i. India’s first Paragliding
World Cup has begun at Bir Billing near Baijnath town in Kangra district of
Himachal Pradesh. Snow leopard is the official mascot of this World Cup. It is
for the first time that Paragliding World Cup is being organised in a South
Asian country. Union Civil Aviation Minister Ashok Gajapathi Raju flagged off
the event.
ii. In this one week
competition, more than 130 registered pilots including 14 women pilots from 35
countries would take part. Indian side is represented by 8 flyers and 6 among
them are from the Himachal Pradesh.
iii. The Paragliding World Cup
will have different categories of competition including Paragliding, Hot air
ballooning, Hand gliding and Acrobatic shows.
iv. Himachal Pradesh
government and Kangra District Administration have made elaborate arrangements
for the purpose of World Cup. Helicopters and Air ambulance along with forty
rescue teams equipped with latest equipment gave been deployed at various
strategic locations to meet any emergency situation.
168. First
World Indigenous Games begins in Palmas, Brazil
i. First World Indigenous
Games has kicked off in the northern Brazilian city of Palmas. The lavish
opening ceremony of the multi-sport event was attended by Brazilian President
Dilma Rousseff.
ii. The first of its kind
international multi-sport event will involve around 2000 indigenous athletes
belonging to different indigenous ethnic groups from 30 countries. Participants
from countries like Ethiopia, Brazil, Mongolia, Australia, Philippines, Russia,
Ethiopia and New Zealand are participating.
iii. The first World
Indigenous Games will host sporting events like archery, canoeing, spear
tossing and a race through the forest. Besides, non-competitive events will be
also hosted to showcase different traditions of indigenous ethnic groups.
169.
Indian-origin Ashok-Alexander Sridharan sworn in as mayor of Bonn in Germany
i. Indian-origin
Ashok-Alexander Sridharan on 21 October 2015 sworn in as the mayor of Bonn in
Germany. Bonn is the 18th most populated city in Germany and the provisional
capital of erstwhile West Germany. Sridharan was elected to the office as a
candidate of the German Chancellor Angela Merkel-led Christian Democratic Union
of Germany (CDU) party in an election held in September 2015.
ii. With this win, Sridharan
became the first Person of Indian Origin (PIO) to be elected as the mayor of a
major city in the country. Further, he also became the city’s first mayor from
an immigrant background.
iii. With this win, Sridharan
became the first Person of Indian Origin (PIO) to be elected as the mayor of a
major city in the country. Further, he also became the city’s first mayor from
an immigrant background.
iv. It was for the first time
in 21 years that a candidate from the CDU won the Bonn mayoral election leaving
the Social Democratic Party (SPD) out in the cold.
170.
Hurricane Patricia struck Mexico's Pacific coast
i. Hurricane Patricia, one of
the most powerful storms on record, struck Mexico's Pacific coast on 23 October
2015. The hurricane carrying destructive winds with a speed of 165mph forced
thousands to flee homes and beach front resorts.
ii. Patricia landed about 55
miles west-northwest of Manzanillo, home to the largest container port on Mexico's
Pacific seaboard. There were no reported casualties and officials said the
damage might not be as catastrophic as feared.
iii. The US National Hurricane
Center said the hurricane hit as a Category Five storm - the highest
classification. But it has since weakened to a Category Four, and will be
downgraded to a tropical storm in the coming hours. It also said that it would
lead to life-threatening flash floods and mudslides in rural areas.
171.
Western Digital to buy SanDisk for 19 billion US dollar
i. Western Digital Corporation
on 21 October 2015 announced that it entered into a definitive agreement with
SanDisk Corporation to buy it for 19 billion US dollar. Both the Multi National
Corporations (MNCs) are based in the USA.
ii. The acquisition is expected
to pave the way for utilization of complementary product lines of both the
companies and will provide the foundation for a broader set of products and
technologies from consumer to datacenter.
iii. While Western Digital is
an industry-leading developer and manufacturer of storage solutions that enable
people to create, manage, experience and preserve digital content, SanDisk is a
Fortune 500 and company and is a global leader in flash storage solutions.
iv. SanDisk was co-founded by
Indian-origin entrepreneur Sanjay Mehrotra in 1988 and has market
capitalization worth 13.3 billion US dollars as of June 2015.
172. Doordarshan emerges most watched Hindi channel
i.
Public broadcaster Doordarshan today claimed that it has emerged as the most
watched Hindi channel in terms of time spent per viewer ahead of top General
Entertainment Channels.
ii.
The "monumental development" comes in as Broadcast Audience Research
Council (BARC) released the much awaited All India viewership data, which
includes rural India, for the very first time, a statement released by
Doordarshan said.
iii.
This indicates that after tuning to the channel, viewers preferred to
continuously watch it for a longer duration of time rather than frequently
switching the channels, as compared to other GECs, it added.
iv.
The channel also witnessed a significant rise in ratings and moved up to the
7th position in Hindi Speaking Markets in the week 41, according to the data,
the statement said.
173. India's first double-decker Shatabdi train to run
between Mumbai, Goa
i.
Railway Minister Suresh Prabhu has announced that the Railways would soon start
country's first-ever double decker Shatabdi Express that would ply between
Mumbai and Goa.
ii.
Residents of Goa seeking Rajdhani luxury train services have to rely on the
Trivandrum Rajdhani which passes through Goa and makes a halt at Margao in
South Goa.
iii.
Responding to concerns to allow more tourists to make train journeys into Goa,
Prabhu said the Railways can also start holiday train for tourists.
iv.
The first double-decker air conditioned train between Howrah and Dhanbad was
flagged off in October 2011, and since then the service is operational between
many cities, including Ahmadabad-Mumbai, Chennai-Bangalore, Delhi-Jaipur and
Delhi-Lucknow.
174. NDRF ties up with 30 PSUs to jointly tackle
emergencies
i.
National Disaster Response Force (NDRF) has partnered with about 30 Public
Sector Undertakings (PSUs) to jointly tackle and mitigate man-made or natural
disasters or emergencies.
ii.
In this regard, a coordination meeting was held between NDRF and prominent PSUs
like ONGC, Air India, GAIL and others involved in the mining and shipping and
heavy industries sector.
iii.
The maiden meeting was attended by over 40 senior officials from these PSUs for
enhancing each other others capabilities for disasters or emergencies.
iv.
The first of its kind initiative aimed to ensure efforts for building a good
synergy between the government organisations. It will also ensure that two
sides can act as one strong unit in case of any king emergency or disasters in
case of small or mid-level exigencies.
175. Ministry of Railways flagged off Vigithon to fight
against corruption
i.
Railways Minister Suresh Prabhu on 25 October 2015 flagged off Vigithon marathon
in Mumbai to sensitise people for a fight against corruption at the grass-root
level. Vigithon was a run for corruption free India and was organised by public
sector lender Union Bank of India.
ii.
Several school children, common people, customers and employees of the bank
participated in Vigithon. It brought in all the stakeholders together on a
common platform to create sensitisation against corruption.
iii.
Vigithon was aimed at educating the people about several instances of
corruption and empowering them with the means to fight the problem. The run
will be organised at other metro centres across the country as well.
iv.
The run was organised as a precursor to the Vigilance Awareness Week which is
going to be observed from 26 October 2015 till 31 October 2015. Vigilance
awareness week is observed every year since 2000 as per the guidelines of the
Central Vigilance Commission.
176. World Polio Day observed globally
i.
World Polio Day was observed on 24 October 2015. The day was observed to create
awareness about the hazards of the crippling disease. The Day was established
by Rotary International over a decade ago to commemorate the birth of Jonas
Salk, who led the first team to develop a vaccine against poliomyelitis.
ii.
Use of this inactivated poliovirus vaccine and subsequent widespread use of the
oral poliovirus, developed by Albert Sabin, led to the establishment of the
Global Polio Eradication Initiative (GPEI) in 1988. Since then, GPEI has
reduced polio worldwide by 99percent.
iii.
A Global Polio Eradication Initiative (GPEI) aims to eradicate polio worldwide
by 2018. GPEI is a public-private partnership led by national governments and
spearheaded by the World Health Organization (WHO), Rotary International, the
US Centers for Disease Control and Prevention (CDC), and UNICEF.
iv.
According to UNICEF data, polio does not exist in most of the world, as the
cases are down by 99.9 percent worldwide. There have been 51 cases of wild
polio virus globally since the beginning of 2015, compared with 242 wild polio
cases for 2014.
v.
Just two countries, Afghanistan and Pakistan, have reported cases of wild polio
so far in 2015, while on 24 July 2015, Nigeria, Africa's last remaining
polio-endemic country, recorded the first year in history without a single
case.
177. Sin Tax to be imposed on alcohol, tobacco during GST
regime
i.
Sin Tax has been included under the proposed Goods and Services Tax (GST) law
that will be effective from 1 April 2016. GST is being seen as one of the
biggest tax reforms in the country.
ii.
Sin tax is an excise tax levied on products and services like alcohol, tobacco
and gambling considered bad for health or society.
iii.
These additional taxes are also seen as efforts to discourage people from use
of such products or services.
iv.
This kind of tax is often used by government to attract higher their tax
revenues as people generally refrain from opposition to such levies as they are
indirect in nature and affect only their end users.
178. Renowned Hollywood actress Maureen O’Hara passes away
i.
Renowned Irish-American actress and singer Maureen O’Hara passed away in Boise,
US. She was 95. She was one of the last living stars from the Golden Age of
Hollywood of the 1940s and 1950s. She was known for playing fiercely passionate
but sensible heroines roles.
ii.
O’Hara was born in 1920 in Dublin in then United Kingdom of Great Britain and
Ireland (present Ireland). She started her career in 1939 after she was brought
to Hollywood by legendary actor Charles Laughton.
iii.
Her first film was The Hunchback of Notre Dame (1939). Since then she had she
had starred in more than 60 films.
iv.
After retiring from acting career in 1970s, she successfully ran an airline
business with her aviator husband Charles Blair. After her husband’s death she
became first woman in US history to head a scheduled commercial airline.
v.
Though she was never nominated for a competitive Academy Award, but in 2014 she
was presented with an Honorary Academy (an honorary Oscar). She is only the
second actress to receive an Academy Award for acting without having been
nominated previously after Myrna Loy.
179. Bengali actor Pijush Ganguly passes away
i.
Bengali film, television and stage actor Pijush Ganguly passed away in Kolkata,
West Bengal. He was 50. Ganguly died because of multiple organ failure after he
was critically injured in a road accident on 20 October 2015 at Santragachi in
Howrah district.
ii.
Ganguly was born on 2 January 1965 in Dhaka, Bangladesh. He had started his
career as an employee of NABARD and later shifted to acting career.
iii.
His acting career began as a stage actor and later worked in television and
films. He had started his television career with TV series Abar Jakher Dhan.
iv.
He had acted in acclaimed films like Goynar Baksha, Byomkesh Phire Elo,Laptop,
Iti Srikanta and Mahulbanir Sereng.
180. Abhishek Verma became first Indian to win Silver Medal
in Archery World Cup Final
i.
Indian archer Abhishek Verma 24 October 2015 created history by winning a
silver medal in the Archery World Cup Final medal in the compound section held
in Mexico City. With this, he became the first ever Indian to bag Archery World
Cup Final medal.
ii.
Verma went down 143-145 to Turkey's Demir Elmaagcli in the summit clash.
iii.
In 2014, Verma bagged the gold medal in the men's compound archery team event
along with Rajat Chauhan and Sandeep Kumar, and the silver medal in the men's
individual compound event at the Asian Games held at Incheon, South Korea.
iv.
He also won a gold medal in the compound men's individual section on 15 August
2015 in the third leg of Archery World Cup held in Wroclaw, Poland.
181. Mercedes driver Lewis Hamilton won 2015 Formula 1
United States Grand Prix title
i.
Mercedes driver Lewis Hamilton on 25 October 2015 won the 2015 Formula 1 United
States Grand Prix title. It was the third title for Hamilton at the Circuit of
the Americas in Elroy, Texas of the USA where championship is being held
annually.
ii.
In the final race, while his team-mate Nico Rosberg of Germany stood at the second
position, Ferrari driver Sebastian Vettel (Germany) was at the third.
iii.
Also, driver of Force India Sergio Perez (Mexico) was the fifth person to
complete the race. For Hamilton, it was the tenth title in the 2015 season
having won the races in Australia, China, Bahrain, Canada, the UK, Belgium,
Italy, Japan and Russia prior to the US championship.
iv.
With this win, he also won the 2015 World Drivers’ Championship (WDC). It was
the third title for Hamilton as he won the WDCs in 2008 and 2014 also.
v.
So far, Hamilton won more races compared to any other British driver in the
history of Formula One and is currently 3rd on the all-time list, with 43 wins.
182. Third
India-Africa forum summit begins in New Delhi
i. The third India-Africa
forum summit (IAFS) began in New Delhi on 26 October 2015. The four day summit
(from 26 October to 30 October 2015) is one of the largest gatherings of
African countries outside Africa as all 54 nations of the continent have
participated.
ii. It will address the key challenges faced by African
nations which include food, health and environmental security etc. Provides
India an opportunity to forge a constructive and deeper alliance with the
resource-rich continent.
iii. India hopes to create
favourable conditions through this summit to stimulate trade and investment
flows between India and African countries. Both sides are expecting to
reinforce their partnership on the global platform and deepen security
cooperation including on countering terrorism and maritime security.
iv. IAFS is an official
platform for the African-Indian relations. It is held every 3 years and the
venue is selected on rotational basis from both sides.
v. Present summit was earlier
scheduled in December 2014 in New Delhi, but it was postponed to October 2015
due to deadly Ebola outbreak in few western African countries.
183.
Department of Heavy Industries drafted National Policy on Capital Goods
i. The Department of Heavy
Industries (DHI) came out with draft national policy on capital goods. This is
the first time that such a policy is being framed after active consultation
with industry associations.
ii. The Policy on Capital
Goods is focused on the most critical sector for achieving the vision of Make
in India and also is envisages unlocking the potential for this promising
sector and establish India as a global manufacturing hub.
iii. The policy proposes a
governance mechanism for smooth implementation and effectiveness of the policy.
The mechanism will be in the form of inter-ministerial and inter-departmental
committees at the highest level to ensure due consideration of the interests of
all stakeholders.
iv. The committees will be
tasked with driving coordinated action and monitoring the progress and
effectiveness of policy on an annual basis. The capital goods sector operates
in a dynamic local and global environment and it is imperative for the policy
to undergo a periodic review and revision to maintain its relevance.
184.
Financial powers of Health Institutions enhanced to 5 lakh rupees per patient
under Rashtriya Arogya Nidhi
i. Union Ministry of Health
and Family Welfare enhanced delegated financial powers of designated Central
Government Hospitals and institutes under the Rashtriya Arogya Nidhi (RAN)
scheme.
ii. After the enhancement,
only cases for financial assistance beyond 5 lakh rupees would now be required
to be referred to the Ministry from the earlier upper limit of 2 lakh rupees
per patient.
The move is aimed at
curtailing procedural delays for treatment, which would bring relief to
thousands of patients annually.
iii. Rashtriya Arogya Nidhi
was set up in 1997 to provide financial assistance to patients, living below
poverty line (BPL). Patients suffering from major life threatening diseases
related to heart, liver, kidney and cancer cases, etc., are covered under the
scheme.
iv. Patients receive medical
treatment only at any of the designated super specialty Government hospitals /
institutes or other Government hospitals. Revolving Funds have been set up in
12 Central Government hospitals/institutes and amount up to 50 lakh rupees is
placed at their disposal for providing financial assistance.
185.
FIIs/RFPIs can now invest up to 74 percent in DEN Networks Limited: RBI
i. The Reserve Bank of India
(RBI) on 26 October 2015 notified that the Foreign Institutional Investors
(FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 74
percent of the paid up capital of DEN Networks Limited under the Portfolio
Investment Scheme (PIS).
ii. DEN Networks Limited has
passed resolutions at its Board of Directors’ level and a special resolution by
the shareholders, agreeing for enhancing the limit for the purchase of its
equity shares and convertible debentures by FIIs/RFPIs.
iii. The purchases could be
made through primary market and stock exchanges. The purchases would be subject
to Regulation 5(2) of FEMA Notification and other terms and conditions
stipulated by the Reserve Bank.
iv. The Reserve Bank notified
this under Foreign Exchange Management Act (FEMA), 1999.
186.
Guatemala elected comedian Jimmy Morales as the President
i. Jimmy Morales, a former TV
comedian, swept to power in Guatemala's presidential election. He will take the
office on 14 January 2016. In the presidential election, Morales won more than
67 percent of votes. On the other hand, the ex-first lady Sandra Torres
received less than 33 percent of votes.
ii. In 2015, Morales was
nominated as the presidential candidate of National Convergence Front
(FCN/Nation). Initially, he was considered an outsider. However, he finished
first in the first round of the election and qualified for the runoff.
iii. Morales, who identified
himself as a nationalist, supported death penalty and opposed abortion, came
out with a slogan of Neither corrupt nor a thief that attracted the masses. His
success came after both former vice president Roxana Baldetti and outgoing
president Otto Pérez Molina had to step down and were arrested on fraud and
corruption charges.
iv. Jimmy Morales born as
James Ernesto Morales Cabrera on 18 March 1969 earned fame as a TV comedian
when he starred in the popular TV series Moralejas (Morals). He joined the FCN
party in 2013 and became its secretary-general.
187. China
launched third mapping satellite of Tianhui-1 series
i. China successfully launched
the Tianhui-1C mapping satellite into its designated orbit from Jiuquan
satellite launch centre in the north-western province of Gansu. A Long March-2D
carrier rocket carried the Tianhui-1C mapping satellite blasts off from the
launch pad.
ii. The satellite will offer a
boost to country's ability to carry out scientific experiments, land resource
surveys, mapping, crop yield estimation and disaster relief.
iii. The Tianhui-1C, which is
the third satellite in the Tianhui-1 series, was designed by a subsidiary of
the China Aerospace Science and Technology Corp (CASTC). The first Tianhui 1
mapping satellite was launched in August 2010, and Tianhui 1B was launched in
May 2012.
188. BlackBerry appoints Narendra Nayak as Managing Director of India operations
i. BlackBerry today said it has appointed Narendra Nayak as the Managing Director of its India operations to steer the Canadian handset maker's restructuring efforts. He replaces Sunil Lalvani, who had quit the organisation in June.
ii. Based in New Delhi, Nayak
will be responsible for driving BlackBerry's software and services business
through all channels in India direct enterprise customers, network operators,
distribution partners, the company said in a statement.
iii. Nayak will also be responsible for BlackBerry's growing ecosystem of indirect channels in India that includes Value-Added Reseller (VAR), systems integrator and reseller partners, it added.
iv. Nayak joins BlackBerry from venture-funded software company Linguanext Technologies, where he was responsible for growing the business in India and across South East Asia, Middle East and Africa. Prior to Linguanext, he has held executive roles at CSC, IBM, Motorola and Digital Equipment India.
189. Yes Bank advances after operationalising IFSC Banking Unit in GIFT city
i. has operationalised its IFSC Banking Unit in Gujarat International Finance Tec City. The bank made announcement during market hours today, 27 October 2015.
ii. The IBU will propel the bank's growth plans further by providing it access to international financial markets, as well as provide a comprehensive product suite to its corporate clients requiring foreign currency funding.
iii. It will also allow the bank to raise foreign currency funding through MTNs and other routes as appropriate. Besides, the IBU will help the lender in further diversification and expansion of cross border asset products as well as widen the scope and depth of liabilities base.
iv. Earlier this year, the Government of India announced the setting up of an IFSC in Gujarat, namely in the GIFT city in Gandhinagar, Gujarat. Later, the RBI, in April mandated that Indian public sector and private banks that are authorised to deal with foreign exchange will be allowed to set up IBUs with prior permission.
190. RBI, Bangladesh Bank ink MoU on information exchange
i. The Reserve Bank has signed a memorandum of understanding (MoU) with Bangladesh Bank for exchange of supervisory information.
ii. RBI has entered into Memorandam of Understanding, Letter for Supervisory Co-operation and Statement of Co-operation with supervisors of a few countries to promote greater cooperation and share supervisory information.
iii. With this, RBI has signed 30 such MoUs, one Letter for Supervisory Cooperation and one Statement of Cooperation, the central bank said in the release.
191. RIL first corporate to sign revised listing pact with BSE
i. Reliance Industries today became the first corporate to sign the revised listing agreement with the BSE as mandated under the newly introduced Listing Regulation notified by SEBI.
iii. Nayak will also be responsible for BlackBerry's growing ecosystem of indirect channels in India that includes Value-Added Reseller (VAR), systems integrator and reseller partners, it added.
iv. Nayak joins BlackBerry from venture-funded software company Linguanext Technologies, where he was responsible for growing the business in India and across South East Asia, Middle East and Africa. Prior to Linguanext, he has held executive roles at CSC, IBM, Motorola and Digital Equipment India.
189. Yes Bank advances after operationalising IFSC Banking Unit in GIFT city
i. has operationalised its IFSC Banking Unit in Gujarat International Finance Tec City. The bank made announcement during market hours today, 27 October 2015.
ii. The IBU will propel the bank's growth plans further by providing it access to international financial markets, as well as provide a comprehensive product suite to its corporate clients requiring foreign currency funding.
iii. It will also allow the bank to raise foreign currency funding through MTNs and other routes as appropriate. Besides, the IBU will help the lender in further diversification and expansion of cross border asset products as well as widen the scope and depth of liabilities base.
iv. Earlier this year, the Government of India announced the setting up of an IFSC in Gujarat, namely in the GIFT city in Gandhinagar, Gujarat. Later, the RBI, in April mandated that Indian public sector and private banks that are authorised to deal with foreign exchange will be allowed to set up IBUs with prior permission.
190. RBI, Bangladesh Bank ink MoU on information exchange
i. The Reserve Bank has signed a memorandum of understanding (MoU) with Bangladesh Bank for exchange of supervisory information.
ii. RBI has entered into Memorandam of Understanding, Letter for Supervisory Co-operation and Statement of Co-operation with supervisors of a few countries to promote greater cooperation and share supervisory information.
iii. With this, RBI has signed 30 such MoUs, one Letter for Supervisory Cooperation and one Statement of Cooperation, the central bank said in the release.
191. RIL first corporate to sign revised listing pact with BSE
i. Reliance Industries today became the first corporate to sign the revised listing agreement with the BSE as mandated under the newly introduced Listing Regulation notified by SEBI.
ii. Earlier, the listing
agreement was a bilateral agreement between the stock exchange and the company
and market regulatory SEBI didn't have regulations on this. Thus each company's
agreement with stock exchange could be at variance and lacking the full force
of SEBI's rigour.
iii. SEBI last month came out with such regulations and a six-month deadline for all companies in which it prescribed the listing agreement. With the signing of the agreement with BSE, RIL is the first listed company to conform to SEBI norms, a statement said.
iv. As part of the Listing Regulations, SEBI has mandated all existing listed entities to execute a fresh and simplified Listing Agreement with the stock exchange where they are listed, within six months of the notification date of September 2.
192. Indian-American farmer Anita Adalja to be honoured for exemplary agriculture work
i. Indian-American farmer is among 12 individuals from across the country who will be recognised as White House Champions of Changefor sustainable and climate-smart agriculture at an event in the US.
ii. Anita Adalja, is social worker who merged her career with farming. Currently, she is working as a manager at the Arcadia Center for Sustainable Food and Agriculture.
iii. Anita said, she is committed to food access solutions, community building and sustainable land stewardship. Before being called to farming, she was a social worker in Brooklyn. While working with formerly homeless, mentally ill adults in a supportive housing facility, Anita co-founded a rooftop farm on top of the building.
iv. Anita, has worked to create a more equitable and sustainable food system by increasing food access, sustainable farming, farmer training and farm-to-school education. Under her management, Arcadia Farm grows thousands of pounds of naturally grown produce that is sold in low-or no-food access areas in Washington, through its mobile farmers' market programme.
193. Hashim Amla becomes fastest to score 6000 ODI runs, breaks Virat Kohli's record
i. South African batsman Hashim Amla has broken yet another record held by India's ODI vice-captain Virat Kohli.
iii. SEBI last month came out with such regulations and a six-month deadline for all companies in which it prescribed the listing agreement. With the signing of the agreement with BSE, RIL is the first listed company to conform to SEBI norms, a statement said.
iv. As part of the Listing Regulations, SEBI has mandated all existing listed entities to execute a fresh and simplified Listing Agreement with the stock exchange where they are listed, within six months of the notification date of September 2.
192. Indian-American farmer Anita Adalja to be honoured for exemplary agriculture work
i. Indian-American farmer is among 12 individuals from across the country who will be recognised as White House Champions of Changefor sustainable and climate-smart agriculture at an event in the US.
ii. Anita Adalja, is social worker who merged her career with farming. Currently, she is working as a manager at the Arcadia Center for Sustainable Food and Agriculture.
iii. Anita said, she is committed to food access solutions, community building and sustainable land stewardship. Before being called to farming, she was a social worker in Brooklyn. While working with formerly homeless, mentally ill adults in a supportive housing facility, Anita co-founded a rooftop farm on top of the building.
iv. Anita, has worked to create a more equitable and sustainable food system by increasing food access, sustainable farming, farmer training and farm-to-school education. Under her management, Arcadia Farm grows thousands of pounds of naturally grown produce that is sold in low-or no-food access areas in Washington, through its mobile farmers' market programme.
193. Hashim Amla becomes fastest to score 6000 ODI runs, breaks Virat Kohli's record
i. South African batsman Hashim Amla has broken yet another record held by India's ODI vice-captain Virat Kohli.
ii. This time, the right-handed opener has broken Kohli's
record of by becoming fastest 6000 runs in the ODIs. For this Amla took just
123 innings as compared to Kohli, who achieved this feat in his 136th innings.
iii. Earlier in January this year, Amla bettered a joint record owned by Kohli and Sir Vivian Richards of West Indies to become the fastest to 5,000 ODI runs club.
iv. Amla reached the 5,000-run milestone in 101 innings (104 matches). Kohli and Richards took 114 visits to the crease to get there. Earlier on March 3, the 32-year-old Amla struck his 20th ODI hundred (159, his highest in ODIs) to become the quickest to the landmark and surpassed Kohli.
iii. Earlier in January this year, Amla bettered a joint record owned by Kohli and Sir Vivian Richards of West Indies to become the fastest to 5,000 ODI runs club.
iv. Amla reached the 5,000-run milestone in 101 innings (104 matches). Kohli and Richards took 114 visits to the crease to get there. Earlier on March 3, the 32-year-old Amla struck his 20th ODI hundred (159, his highest in ODIs) to become the quickest to the landmark and surpassed Kohli.
194.
Deepika Kumari won silver medal in Archery World Cup Final
i. Indian archer Deepika
Kumari on bagged the silver medal in the Archery World Cup Final held in Mexico
City. Kumari went down 2-6 in finale to South Korea’s Chou Misun.
ii. Currently ranked World No.
5, Kumari clinched a gold medal in the 2010 Commonwealth games in the women's
individual recurve event. She also won a gold medal in the 2010 Commonwealth
games in the women's team recurve event along with Dola Banerjee and Bombayala
Devi.
iii. In May 2012, she won her
first World Cup individual stage recurve gold medal at Antalya, Turkey.
iv. In 2012, the Ranchi-born
archer was honoured by the President of India with the prestigious Arjuna
Award, India's second highest sporting award. She was also named as the FICCI
Sportsperson of the Year Award in February 2014.
195. India
ranked 130 in ease of doing business: World Bank
i. World Bank on 27 October
2015 announced that India ranked 130 out of the 189 countries surveyed in terms
of ease of doing business for domestic firms. It was revealed in the report
entitled Doing Business 2016: Measuring Regulatory Quality and Efficiency.
ii. As per the report, India
could improve its ranking by 12 places from the 142nd position of the 2015
report by undertaking significant improvements in the regulatory framework for
starting new businesses. The findings of the report were based on collection of
data in Mumbai and Delhi between June 2014 and May 2015.
iii. India was placed at the
155th position overall in this segment. However, it is still one of the areas
of greatest improvement for India, as the number of days to start a business
was cut down to 29 days in 2015 from much longer 127 days in 2014.
iv. India showed very poor
performance in this segment as it was placed at the 183rd position overall.
India ranked overall 70 among the surveyed countries as now companies can get
connected to the grid and get on with their business in 14 days sooner than
before in Delhi and Mumbai.
196. Union
Government constituted RV Easwar Committee to simplify The Income Tax Act, 1961
i. The Union Government on 27
October 2015 constituted RV Easwar Committee with a view to simplify the
provisions of the Income Tax Act, 1961. The committee will be headed by Justice
RV Easwar (Retd.), former Judge of Delhi High Court and former President of
ITAT.
ii. The members of the
committee are VK Bhasin, Vinod Jain, Rajiv Memani, Ravi Gupta, Mukesh Patel,
Ajay Bahl, Pradip P. Shah, Arvind Modi and Dr. Vinay Kumar Singh.
iii. It was constituted to
study and identify the provisions/phrases in the Act which are leading to
litigation due to different interpretations and to study and identify the
provisions which are impacting the ease of doing business;
iv. Terms of Reference (ToR)
of the Committee was To study and identify the areas and provisions of the Act
for simplification in the light of the existing jurisprudence and to suggest
alternatives and modifications to the existing provisions and areas so
identified to bring about predictability and certainty in tax laws without
substantial impact on the tax base and revenue collection
197. 4th
edition India, Sri Lanka bilateral naval exercise SLINEX 15 begins in Sri Lanka
i. The fourth edition of Sri
Lanka-India bilateral naval exercise SLINEX 2015 began off Trincomalee coast,
Sri Lanka. The six days exercise seeks to reinforce the strong neighbourly ties
underscored by extensive maritime interaction and improved understanding
between neighbouring both countries.
ii. SLINEX 15 seeks to enhance
the capability of both navies to work together at sea and contribute towards
maritime security in the region. It commenced with a Harbour Phase in which
both participant navies were engaged in professional, cultural and social
interactions.
iii. It will be followed by
the Sea Phase in which complex operations including anti-piracy exercises,
cross-deck helicopter operations, gun firings and anti-surface exercises will
be undertaken. Indian Navy is represented by 2 missile corvettes viz. INS Kora,
INS Kirpan and 1 offshore patrol vessel INS Savitri along with ship-borne
integral helicopters. In addition, an Indian Naval maritime reconnaissance
aircraft will also take part in the exercise.
iv. Sri Lankan Navy is represented
by ships like Sayura, Sagara, Samudra, 6 Fast Attack Crafts, 1 Fast Missile
Vessel and 2 Fast Gun Boats.
198. Sylvie
Lucas appointed as Chair of the IGN on UNSC reforms
i. Luxembourg ambassador to
the United Nations (UN), Sylvie Lucas on 27 October 2015 was appointed as the
Chair of the Inter-Governmental Negotiations (IGN) on UN Security Council
(UNSC) reforms. Lucas, who was appointed by 70th UN General Assembly session
President Morgens Lykketoft, replaced Ambassador Courtenay Rattray of Jamaica.
ii. Her appointment came ahead
of the next round of negotiations to begin on the UNSC reforms. Earlier, she
served as the president of the United Nations Economic and Social Council
(ECOSOC) from January 2009 to January 2010.
iii. She started her career
with Luxembourg Ministry of Foreign Affairs where she worked from 1990 to 1995.
She served as the deputy permanent representative of Luxembourg to the United
Nations from 1995 to 2000. On 25 August 2008, she became the United Nations'
permanent representative from Luxembourg.
199. Union
Finance Ministry launched E-Sahyog Pilot Project to facilitate Taxpayers
i. The Union Finance Minister
Arun Jaitley on 27 October 2015 launched the e-Sahyog pilot project of the
Income-Tax Department to facilitate taxpayers by reducing their need to
physically appear before tax authorities. The e-Sahyog project is aimed at
reducing compliance cost, especially for small taxpayers.
ii. The objective of e-Sahyog
is to provide an online mechanism to resolve mismatches in Income-tax returns
of those assesses whose returns have been selected for scrutiny, without
visiting the Income Tax Office. The Income-Tax Department will provide an end
to end e-service using SMS, e-mails to inform the tax assesses of the mismatch.
iii. The taxpayers will simply
need to visit the e-filing portal and log in with their user-ID and password to
view mismatch related information and submit online response on the issue. The
responses submitted online by the taxpayers will be processed and if the
response and other information are found satisfactory as per automated closure
rules, the issue will be treated as closed. The taxpayers can check the updated
status by logging in to the e-filing portal.
iv. The Union Finance Minister
Arun Jaitley also inaugurated a drive to provide public service at peoples’
door step by holding special PAN camps in remote areas. Under this campaign,
special PAN camps were held at forty- three remote, semi urban and rural
locations across India.
200.
Barclays names former JP Morgan banker as new boss
i. Troubled British bank
Barclays today announced the appointment of former JP Morgan investment banker
James Staley as its new chief executive. The 58-year-old American will take up
his new role on December 1, the bank announced in a statement, indicating a
renewed focus on its investment division.
ii. Staley, also known as Jes,
declared that he would seek to “preserve and enhance” trust in the lender,
whose reputation has been badly damaged by foreign exchange and Libor benchmark
interest rate rigging scandals.
iii. Staley, whose appointment
had been widely predicted in the media this month, is the former chief
executive of JP Morgan’s investment bank and currently works for US hedge fund
Blue Mountain Capital Management. Barclays announced in July that it had fired
its then—chief executive Antony Jenkins in the wake of recent scandals.
iv. The retail banking veteran
had vowed to bring a new culture of decency to Barclays, and oversaw drastic
restructuring that shrank its investment bank, a move that reportedly upset
major shareholders.
201. Tata
Trusts, Harvard University announce collaboration
i. Tata Trusts and Harvard
University South Asia Institute (SAI) today announced collaboration on
knowledge creation and capacity building for social and economic empowerment in
India.
ii. A key component of the
project is the opportunity for budding social entrepreneurs and institutions in
India to apply for social innovation grants totalling Rs. 50 lakh that will
spur interventions and scale up existing initiatives resulting in greater
impact in select geographies.
iii. The 18-month research
project titled ‘Livelihood Creation in India through Social Entrepreneurship
and Skill Development’ is the first step in this direction, a statement from
Tata Trusts said.
iv. The project will focus on
three key areas: rural livelihood creation with emphasis on the handicrafts and
handloom sectors, educational, social and economic empowerment of women and
science and technology-based interventions for poverty alleviation.
v. The purpose of the project
will be achieved through research with over 150 institutions across 15 states
of India, five workshops with 100 participating NGOs, and 20 webinars involving
Harvard faculty and subject experts from India.
202.
Citibank appointed Samiran Chakraborty as Chief Economist for India
i. Citibank on 27 October 2015
announced that it has appointed Samiran Chakraborty as Chief Economist for
India.
ii. Prior to joining Citi,
Chakraborty was Managing Director and Head of Macro Research for South Asia at
Standard Chartered Bank. Earlier, he served ICICI Bank as Chief Economist and
Delhi School of Economics as faculty for mathematical economics and
open-economy macroeconomics.
iii. He carries more than a
decade of experience in conducting macro research, covering various asset
classes including currency, interest rates and credit markets.
203. P K
Gupta elevated as SBI Managing Director
i. K Gupta will be elevated as
Managing Director of country's largest lender State Bank of India in
place of Corporate Banking head P Pradeep Kumar, who is superannuating this
month-end. Gupta, who is of Deputy Managing Director (DMD) rank, is presently
Managing Director of the bank's investment banking arm SBI Caps.
ii. The appointment of the
1960-born Gupta is for a period of over four years (till March 2020), when he
will be superannuating, Vijay Malhotra, according to a notification.
iii. Six officials from the
bank were interviewed for the post last month and Gupta was the senior-most
among them. Others included Varsha Purandare (DMD and Chief Credit Officer),
Dinesh Khara (MD, SBI Mutual Fund) and Sunil Srivastava (DMD Corporate Services
and New Business).
iv. The other three serving
MDs at SBI are B Sriram (national banking group), V G Kannan (associates and
subsidiaries) and Rajnish Kumar (compliance and risk).
204. ABIL,
Versace to develop new project in South Mumbai
i. Pune-based realty developer
ABIL (Avinash Bhosale Group) is partnering with Versace to develop a new exclusive
residential project in Hughes Road, South Mumbai.
ii. The residences with
interior design by Versace Home will be the first of its kind in India,
offering a selection of apartments with bespoke interiors, created under the
artistic direction of Donatella Versace.
iii. Established in 1979, ABIL
has set up St. Regis Hotel in Mumbai, The Westin Pune, Le Meridien in Nagpur, W
Retreat and Spa in Goa (under construction) and the Sun-n-Sand hotel in Pune.
The Group has developed over 7.8 million square feet of residential and
commercial property in Maharashtra and is developing approximately 14 million
square feet of property across the State.
iv. The residences with the
interior design by Versace Home offer the Versace lifestyle, as with the
already completed Milano Residences in Manila, the Philippines and the Damac
Tower in Beirut. Currently under construction are the Al Jawharah Damac
Residences Tower in Jeddah, Saudi Arabia, Versace Residences in Chengdu, China
and the Aykon Nine Elms project in London, UK.
205.
J&K to host South Asian Rugby 7’S Championship in 2016
i. Jammu and Kashmir Minister
for Youth Services and Sports Molvi Imran Raza Ansari on 27 October 2015
announced that Kashmir Valley will host South Asian Rugby 7’S Championship in
2016.
ii. The decision was made
during the 131st Standing Committee meeting of J-K State Sports Council, which
was chaired by Ansari. As per the decision, the championship will be held at
Bakhshi Stadium from 18 June to 20 June 2016.
iii. The Championship will be
participated by eight teams consisting of 180 participants from various
countries like Sri Lanka, Pakistan, Afghanistan, Nepal, Bhutan, Bangladesh and
India.
iv. The minister also said
that the government wants such events to be held in the state for the promotion
of sports activities at global level. He also said that the Council would
provide all possible support to make the event a success and will provide
various facilities like boarding, lodging and logistic for smooth conduct of
the event.
206. IOC
allowed refugees to compete in Olympics for the first time
i. The International Olympic
Committee (IOC) chief Thomas Bach on 26 October 2015 announced that all the
highly qualified athletes who are refugees will be allowed to compete in the
Olympic Games. This is for the first time that refugee athletes will be
competing in any Olympic Games.
ii. As per the announcement,
all the eligible athletes will be able to compete for the 2016 Summer Olympics
and Paralympics in Rio de Janeiro, Brazil.
iii. The announcement was made
during the UN General Assembly (UNGA) meeting which adopted a resolution urging
all countries to stop fighting and observe a truce during the 2016 Summer
Olympics. Bach also appealed to all 193 UN member states to help the IOC
identify talented refugee athletes.
iv. IOC has created a 2
million US dollars fund to bring hope through sport to refugees. Having no
national anthem to play for them, these refugee athletes will be welcomed to
the Olympic Games with the IOC flag and the IOC anthem.
v. While participating in the
2016 Olympics, refugee athletes will stay in the Olympic Village alongside the
other 11000 athletes from 206 national Olympic committees. Until now, qualified
refugee athletes were not able to participate because they couldn't represent
their home country and its national Olympic committee.
207. Asia
Pacific Region most disaster prone part of the world, says UN Report
i. The
Asia Pacific region is the most disaster prone part of the world as it had
suffered around 1,625 disasters in the decade through 2014.
ii. It was revealed in recently released 2015 United Nations
Asia-Pacific Disaster Report.
Key
highlights from Report
- Disasters in Asia Pacific region accounted for 40
percent of the global total and claimed over half a million of lives over
the decade.
- The disasters in past decade have affected around
1.4 billion people and caused over 523 billion dollars in economic
damage.
- Around 772 million poor people from this region
which tends to be worlds populous region are vulnerable to
disasters.
- Majority of disasters are cross-border in nature
including floods, cyclones, droughts and earthquake. So, regional
cooperation is crucial among nations in region.
208. Govt. appoints 5 member committee
to review Research Grants offered by UGC
i. Union Government has appointed a 5 member committee to review the research grants offered by University Grants Commission (UGC).
ii. The Review Committee will submit its report to the Ministry by December 2015.
iii. The ministry also has directed the UGC not to implement its decision to discontinue the non-NET fellowships and continue all existing fellowships.
i. Union Government has appointed a 5 member committee to review the research grants offered by University Grants Commission (UGC).
ii. The Review Committee will submit its report to the Ministry by December 2015.
iii. The ministry also has directed the UGC not to implement its decision to discontinue the non-NET fellowships and continue all existing fellowships.
209. India,
France ink MoU on preserving Written Heritage at National Library in
Kolkata
i. Indian and France have signed a Memorandum of
Understanding (MoU) to conserve, develop and publicize written heritage at the
National Library in Kolkata, West Bengal.
ii. It was signed by Sreya Guha, Joint Secretary (Library) in
the Union Ministry of Culture and Bruno Racine, President of the National
Library of France.
Key facts
of MoU
- Entails development of digital co-operation,
competency and skill-building, sharing of technical and other expertise
and cultural co-operation between the two countries.
- It will assist a programme on digitization of old
manuscripts and documents which had begun in France 7 years ago.
- It will also make Indian side to gain experience and
high quality expertise in this field from France.
210. MP
Government announces 33 percent quota for women in government jobs
i. Madhya Pradesh government has decided to provide 33
percent reservation to women in government jobs.
ii. Decision in this regard was taken by state cabinet
meeting presided over by Chief Minister Shivraj Singh Chouhan.
iii. With this, the reservation to women in government jobs in
the state has been increased from present 30 per cent to 33 per cent.
iv. Apart from this decision, state Cabinet also gave its
approval to a proposal providing compensation to farmers i.e. they have to
repay only 90 thousand rupees on a loan of one lakh rupees.
211. Bidhya
Devi Bhandari elected as first female President of Nepal
i. Bidhya Devi Bhandari of the ruling Communist Party of
Nepal (Unified Marxist Leninist)-CPN-UML has been elected as first female President
of Nepal.
ii. With this, she also became first President under newly
promulgated Constitution of Nepal and second President since the Himalayan
nation became a republic after abolishing the centuries-old monarchy.
212. Najib
Shah appointed as Chairman of CBEC
i. Senior IRS officer Najib Shah was on 28 October 2015
appointed as Chairman of Central Board of Excise and Customs (CBEC), apex body
on Indirect Taxes. His appointment was approved by the Appointments Committee
of Cabinet (ACC).
ii. Shah will serve the office till 11 March 2017, when he
will attain the age of superannuation that is 60 years. Shah is a 1979 batch
officer of Indian Revenue Service (Customs and Central Excise). Prior to this
appointment, he has been working as Member of the CBEC since May 2015.
iii. He was also the Interim Chairman of the CBEC after
retirement of Kaushal Srivastava in June 2015. Shah had also been the Director
General of Directorate of Revenue Intelligence (DRI).
213. 191
UNGA-members voted a resolution condemning US embargo on Cuba
i. United Nations General Assembly (UNGA) on 27 October 2015
overwhelmingly approved the Resolution condemning an economic embargo imposed
by the US on Cuba. It stated that existence of such restrictions undermines
multilateralism and credibility of the UN.
ii. 191 countries from the 193 member states demonstrated a
concerted and international stand with Cuba and voted in favour of the
resolution. The United States and Israel were the only two countries that voted
against the resolution.
iii. This is the 24th time that the UNGA has adopted the
resolution that seeks ending the economic, commercial and financial embargo
imposed by the United States of America against Cuba, despite resumption of
relations between the two countries.
iv. The Assembly, however, welcomed the resumption of
diplomatic relations between the US and Cuba announced on 20 July 2015 and the
willingness of US President Barack Obama to work towards the lifting of the
economic, financial and trade embargo against Cuba.
214. Hockey
India signed three years partnership with Sports Authority of India
i. Hockey India (HI), the top body governing the sport in
the country, on 28 October 2015 signed a three-year Memorandum of Understanding
(MoU) with Sports Authority of India (SAI) to help regain hockey its position
as the top sport of the country.
ii. As per the terms of agreements, SAI will promote hockey,
which is amongst the world’s most popular sports, as a tool for youth
development and excellence in sports.
iii. In addition, both the entities will work towards
creating a lasting legacy for the sport by developing hockey coaching system,
talent identification and infrastructure for inculcating positive values in
today’s youth through hockey, education, health and other allied areas.
The Reserve Bank of India
(RBI) has allowed non-resident Indians (NRIs) to subscribe to the National
Pension System (NPS) enabling them access old age income security.
RBI has taken this decision in
consultation with Union Government under the Prime Minister Narendra Modi’s
efforts to appease NRIs.
Key acts
-
- NPS will act as an investment option for NRIs under
Foreign Exchange Management Act (FEMA), 1999.
- NRIs may subscribe to the NPS through normal banking
channels and the person is eligible to invest as per the provisions of the
PFRDA Act, 2013.
- NRIs should pay the subscription amounts of NPS
either by inward remittance through normal banking channels or out of
funds held in their NRE/NRO/FCNR account.
- No restriction will be imposed on repatriation of
the annuity or accumulated savings of NPS.
216. RBI
allows Indian corporate to issue offshore rupee-denominated bonds outside
India
i. The Reserve Bank of India (RBI) has granted permission to
the Indian corporate to issue offshore rupee-denominated bonds outside
India.
ii. In this regard, Union Government has considered the
matter of taxation of income from such bonds under Income Tax (IT) Act,
1961.
iii. Such bonds will attract a withholding tax of 5 per cent
and gains arising in case of appreciation of rupee against the foreign
currency.
iv. In this case investment made would be exempted from
capital gains tax. Capital gains tax would be exempted for the Capital gains arising
in case of appreciation of rupee between the date of issue and the date of
redemption against the foreign currency in which the investment is made.
217. China
abandons its decades old One Child Policy
i. China, world most populous country has announced to
abandon its three decades-long one-child policy and changed it two-child
policy.
ii. The ruling Communist Party of China (CPC) in this regard
has issued an official communiqué at the end of party’s 4 day plenary
session headed by President Xi Jinping in Beijing.
iii. The change of policy is intended to Balance population
development world’s second largest economy.
iv. Address the challenge of unnatural negative demographics
due rising numbers of old age population as well as concerns over declining
labour force.
v. This announcement comes amid slowdown of China’s economy
which has plunged for the first time below the 7 per cent figure since the 2009
global economic crisis.
218. Raif
Badawi wins EU’s Sakharov Prize 2015
i. Saudi blogger Raif Badawi has been selected for European
Union’s prestigious Sakharov Prize for human rights for year 2015.
ii. European Parliament assembly in Strasbourg, France has
honoured Mr. Bidawi with this award considering him as a symbol of the fight
for freedom of speech.
iii. Raif Badawi, author of the website Free Saudi Liberals
received an international fame in 2012 after he was sentenced to 10 years in
prison and 1,000 lashes in Saudi Arabia for insulting Muslim clerics.
219. John
Magufuli elected as President of Tanzania
i. John Pombe Magufuli of ruling Chama Cha Mapinduzi (CCM)
party has won the 2015 Tanzanian Presidential election.
ii. With this victory he became fifth President of Tanzania
since its independence from United Kingdom in 1961.
iii. John Magufuli won this Presidential election by securing
58.46 per cent of the total votes and defeated Edward Lowassa of opposition
Chadema party who received 39 per cent votes.
220. China’s
first lunar rover Yutu sets record for longest stay on Moon
i. China’s first lunar rover, Yutu, has set the new record
for the longest stay by a rover on the lunar surface.
ii. With working on the Moon for almost two years it has
surpassed previous record of Soviet Union’s (USSR’s) 1970 launched rover
Lunokhod 1, which had spent 11 months on the Moon.
iii. The lunar rover Yutu was deployed and landed on the moon
in 2013 via China’s Chang’e-3 lunar probe. In 2014, it had experienced a
mechanical control abnormality but was revived.
221. Activist
Bindeshwar Pathak selected for New York Global Leaders Dialogue Humanitarian
Award
i. Sociologist and founder of Sulabh International
Bindeshwar Pathak on 29 October 2015 was selected for the prestigious New York
Global Leaders Dialogue Humanitarian Award for his contribution to sanitation
and improving the quality of life for millions of manual scavengers.
ii. Pathak will be presented with the award on 12 April 2016
in New York, US.
iii. The activist first understood the plight of manual
scavengers in 1968 when he joined the Bhangi-Mukti (scavengers’ liberation)
Cell of the Bihar Gandhi Centenary Celebrations Committee.
iv. He founded the Sulabh International Social Service
Organization in 1970, combining technical innovation with humanitarian
principles.
222. India-Africa
Forum Summit 2015 held in New Delhi
i. India-Africa Forum Summit (IAFS) 2015 was held for four
days between 26 October and 29 October 2015 at Indira Gandhi Stadium Complex in
New Delhi.
ii. Besides PM Narendra Modi, the summit was attended by top
leaders of 40 African nations.
iii. The purpose of the meeting was to enable consultations at
the highest political level between 54 nations across Africa and the Indian
government.
iv. It was the third IAFS since its inception. The previous
summits were held in 2008 and 2011 in New Delhi and Addis Ababa (Ethiopia)
respectively.
223. Amit
Kumar won silver in men's club throw F51 event of IPC Athletics World
Championships
i. Indian para-athlete Amit Kumar Saroha on 28 October 2015
won silver medal in men's club throw F51 event in the IPC Athletics World
Championships in Doha. With this, Amit sealed a berth for 2016 Rio Paralympic
Games.
ii. Amit clinched silver with an effort of 25.44m, behind
Serbia's Zeljko Dimitrijevic who won gold in a championship record of 26.29m.
Milos Mitic of Serbia bagged the bronze in 25.40m.
iii. Amit’s medal helped the 15-member Indian team to end the
campaign with two silvers. Devendra Jhajharia had won silver in men's javelin
throw F46 event on 27 October 2015.
224. Economic affairs secretary Shaktikanta Das nominated on RBI Central Board
i. Union Government has nominated Economic Affairs Secretary
Shaktikanta Das to the Central Board of Directors of the Reserve Bank of India
(RBI).
ii. Mr. Dase is IAS officer of 1980 batch from of Tamil Nadu
cadre. His nomination is effective from October 30, 2015 and until further
orders.
About
Central Board of Directors of RBI
- RBI’s affairs are governed by the Central Board of
Directors (CBD) which also responsible for its general superintendence and
direction.
- Composition: There are 21-members in CBD of RBI. It
comprise of Governor , 4 Deputy Governors, 2 Finance Ministry
representatives.
- 10 Directors are nominated by Union Government in
order to represent important elements from India’s economy.
- 4 directors are from local boards of RBI which are
headquartered at Mumbai, Kolkata, Chennai and New Delhi.
225. Paul
Ryan elected as 54th Speaker of US House of Representatives
i. Republican Paul Ryan was elected as the 54th speaker of
the US House of Representatives after fetching the votes of 236 members by the
full House of Representatives.
ii. Following his election, Ryan was sworn in as Speaker of
the House. He took the oath on his own copy of the New American bible and kept
the gavel he wielded as Chairman of the powerful tax writing committee.
226. National
Unity Day observed across India
i. The National Unity Day was observed across India on 31
October 2015 to commemorate the birthday of Sardar Vallabhai Patel.
ii. On this occasion of 140th birth anniversary of Sardar
Vallabhbhai Patel, PM Narendra Modi flagged off Run for Unity at Rajpath in New
Delhi.
iii. Moreover, on this day, all ministries and departments of
the government and all the state governments and administrators of all the
Union Territories organise programmes including the Pledge-taking Ceremony, Run
for Unity involving people from all sections of society.
227. Ministry
of Civil Aviation released Revised Draft National Civil Aviation Policy
i. The Ministry of Civil Aviation on 30 October 2015
released Revised Draft National Civil Aviation Policy (NCAP 2015).
ii. The policy aims at providing a favourable environment and
a level playing field to various aviation sub-sectors, such as Airlines,
Airports, Cargo, Maintenance Repairs and Overhaul (MRO) services and so on.
iii. Besides, the scheme also intends to create an eco-system
to enable 30 crore domestic ticketing by 2022 and 50 crore by 2027.
228. Railways
launches ‘Vikalp’ for waitlisted passengers to get confirmed berth
i. Railway is launching a new scheme under which waitlisted
passengers can get confirmed accommodation in next alternative train if they
opt for the option while booking their tickets online.
ii. Known as Viklap, the alternative train accommodation
scheme will take off in trains running on Delhi-Lucknow and Delhi-Jammu sectors
from November 1, on a pilot basis.
iii. Initially, Vikalp scheme will be available only for the
tickets booked through internet for six months and option will be limited to
mail and express trains on the two selected routes, said a senior Railway
Ministry official.
229. GSAT-15
to be launched on November 10 from French Guiana
i. ISRO’s latest communication satellite GSAT-15 is all set
to be launched on November 10, 2015 from French Guiana on board Ariane 5.
ii. The Indian space agency, as part of augmenting
telecommunication services, had earlier launched communication satellites
GSAT-14 and GSAT-6, respectively.
iii. The satellite would provide C and Ku band telecommunications
and navigation services to India.
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