Current Affairs Update – 12th October, 2015

Hello and welcome to ExamPundit. Here are the Important Current Affairs of 11th and 12th October, 2015. These are very Important for the upcoming IBPS PO V Mains Exam and IBPS Clerk 2015.

• The Reserve Bank has signed an agreement on information
  sharing with Bank of Botswana under the Supervisory Cooperation and Exchange of
  Supervisory Information.
• “The Reserve Bank signed a memorandum of understanding
  (MoU) on Supervisory Cooperation and Exchange of Supervisory Information with
  Bank of Botswana,” RBI said in a release today.
• The MoU was signed by Andrew M Motsomi, Director of Banking
  Supervision on behalf of Bank of Botswana, and Parvathy V Sundaram, Chief
  General Manager-in-Charge, Department of Banking Supervision, of RBI.
• RBI has entered into similar agreements with a few countries
  to promote greater co-operation and share supervisory information.
• With this, the Reserve Bank has signed 28 such MoUs, one
  Letter for Supervisory Co-operation and one Statement of Co-operation, it
  added.

• Private sector lender Yes Bank today said it has got the
  Reserve Bank’s approval to set up a mutual fund, asset management company (AMC)
  and a trustee company.
• In a regulatory filing, Yes Bank said it “has received
  an approval from the RBI to sponsor a mutual fund, and to set up an asset
  management company and a trustee company.”
• It further said: “In its twelfth year of operation, as
  Yes Bank accelerates into its next phase of growth, this new business
  initiative will provide further acceleration to Yes Bank’s differentiated
  product offerings.”
• The AMC and trustee company will be wholly-owned subsidiaries
  of Yes Bank, it added.
• The lender said its AMC will channelise savings of retail
  and institutional investors in equity and debt capital markets.

• Annual meetings of the World Bank Group and the
  International Monetary Fund were held between 9 October and 11 October 2015 in
  the Peruvian capital Lima.
• The meetings saw the attendance of central bankers, finance
  ministers and development and private senior executives and academics from the
  member countries of both the World Bank Group and the IMF.
• The Union Finance Minister Arun Jaitley in his capacity as
  India’s Governor on Board of Governors of IMF and the World Bank led the Indian
  delegation that included RBI Governor Raghuram Rajan and Chief Economic Advisor
  Arvind Subramanian among others.

• India and Jordon on 11 October 2015 inked six Memorandum of
  Understandings (MoUs) in various fields in Amman. The MoUs were signed as part
  of the President Pranab Mukherjee’s state visit to Jordan.
• Mukherjee was on a three-day visit to Jordan from 10-12
  October 2015. He visited the country on the invitation of His Majesty King
  Abdullah-II Ibn Al Hussein of the Hashemite Kingdom of Jordan.
• During the visit, Mukherjee was accompanied by Thaawar Chand
  Gehlot, Union Minister of Social Justice and Empowerment, Members of Parliament
  and the learned members of the academic community, apart from official
  delegation and media representatives.

1. Agreement on Maritime Transport: Aimed at establishment of
   effective co-operation on the basis of shared commitment, and convinced on
   strengthening and development of relations in merchant shipping and maritime
   transport.
2. MoU on exchange of information on structure and content of
   training programmes for diplomats: This will include identification of experts
   in mutually agreed areas, promotion of contacts and exchange of trainees,
   students, faculty members and experts.
3. MoU on Cooperation in the field of IT & Electronics:
   This seeks to examine ways and means to promote and strengthen bilateral
   cooperation and will seek to implement institutional and capacity building
   cooperation programme.
4. Cultural Exchange Programme for 2015-17: Recalling the
   Cultural Agreement signed on 15 February 1976, it seeks to further develop and
   promote cultural, scientific and technical relation. It also looks forward on
   the agreement on the Executive Programme in the fields of Art & culture,
   Mass media etc.
5. MoU for Cooperation in the fields of Standardization and
   Conformity Assessment: The MoU between the Bureau of Indian Standards [BIS] and
   the Jordan Standards and Metrology Organization [JSMO] seeks to enhance and
   strengthen technical co-operation in the fields of standardization, and
   conformity assessment with the aim of exchanging necessary information and
   expertise between the Parties.
6. Cooperation Agreement between Jordan News Agency [Petra] and
   Press Trust of India [PTI]: It seeks to establish regular exchange of content
   on the developments; promotion of mutual cooperation and professional
   interaction, agreement on exchange of news through the internet; accepting the
   right to use the said news for distribution to their subscribers.

• The Odisha Government on 11 October 2015 launched Mission
  Abaas, state’s urban housing mission, to provide affordable houses to
  Economically Weaker Sections (EWS), Low Income Groups (LIG) and slum dwellers.
• The scheme aims at fulfilling the promise of protection and
  welfare of slum dwellers by providing affordable housing along with basic
  amenities such as piped water supply, electricity, concrete roads, drainage and
  community centre.
• As notified in August 2015, Abaas will be the nodal agency
  to execute the Policy for Housing for All in Urban areas.

• The Indian Railway Catering and Tourism Corporation (IRCTC)
  has partnered Chennai-based Apollo Hospitals to offer hassle-free travel for
  people who travel for medical care. IRCTC is also looking to expand the service
  to neighbouring countries such as Sri Lanka and Bangladesh in collaboration
  with airline services and other travel facilitators in those countries.
• Under the memorandum of understanding (MoU) with Apollo,
  IRCTC will operate a chartered coach from Kolkata to Chennai every 14 days and
  integrate its offerings with the preventive health check-up packages of Apollo
  Hospitals to offer a comprehensive package to the travellers. The coach will be
  stationed in Chennai for three days and will return with the same set of
  passengers.
• IRCTC will arrange the chartered coach in appropriate trains
  between Kolkata and Chennai, exclusively for passengers who have opted for
  Apollo-IRCTC package.

• Indian and Chinese armies today kicked off their fifth
  annual anti-terrorism exercise in China’s Kunming city as both the sides seek
  to share their successful experiences in counter-terrorism operations during
  the 10-day drill.
• India for the first time fielded troops from Naga Regiment
  to take part in the exercises. A contingent of 175 troops from 2nd Battalion of
  Naga Regiment from Eastern Command reached Kunming by IAF IL-76 aircraft
  yesterday to take part in the exercise.
• Both sides are fielding the same number of troops for the
  joint exercises, which will culminate on October 22, a press release from the Indian
  Embassy here said today.
• Troops from 14 Corps of China’s Chengdu Military Region,
  which focuses on borders with India are taking in the exercise.
• Troops of both sides will undergo intensive joint training,
  which will include displays, demonstrations, and a comprehensive joint
  exercise.
• The purpose of the exercise is to develop joint operating
  capability, share useful experience in counter-terrorism operations and to
  promote friendly exchanges between the armies of India and China, the press
  release said.

• Sharad Mehrotra has been appointed as the new Chief
  Executive Officer (CEO) of Telenor India.
• Mehrotra will succeed Vivek Sood who has been appointed
  Executive Vice President and Chief Marketing Officer of the Telenor Group. Both
  appointments will be effective from 1 November 2015, the company said in a
  statement.
• Mehrotra was earlier Chief Marketing Officer (CMO) of
  Telenor Myanmar, where he has played a key role in the successful launch of
  Telenor’s mobile services. He was also a part of management in India from
  2008-2013 during establishment of Uninor, now Telenor India. As CEO of Telenor
  India, Mehrotra will also be a member of Telenor Group’s executive management.

• Veteran communist (Unified Marxist Leninist) leader KP
  Sharma Oli on 12 October 2015 was elected as the Prime Minister of Nepal. He is
  the country’s first Prime Minister under the newly introduced constitutional
  system. 
• He defeated incumbent Prime Minister Sushil Koirala of the
  Nepali Congress.
• In the voting held for the Nepal’s Parliament (a house of
  597 members), Oli secured 338 votes, 39 more than the 299 that he needed to be
  elected as the prime minister. On the other hand, Nepali Congress president
  Koirala could only secure 249 votes.            

• Fiji’s Parliament on 12 October 2015 elected the Minister
  for Employment, Productivity and Industrial Relations, Jioji Konrote, as the
  country’s next President.
• Konrote, who was nominated by the ruling FijiFirst party,
  fetched 31 votes in the presidential election held in the parliament. On the
  other hand, the opposition SODELPA party’s candidate Ratu Epeli Ganilau
  received 14 votes.

• Infosys on Monday informed the stock exchanges about key
  managerial changes in the organisation. According to a filing, the company said
  that Rajiv Bansal who is the Chief Financial Officer of the company stepped
  down as the CFO and key managerial personnel effective October 12, 2015 (end of
  business hours) and resigned from the services of the company effective
  December 31, 2015.
• The Board of Directors of the Company in its meeting also
  appointed Ranganath D. Mavinakere, as the new Chief Financial Officer and Key
  Managerial Personnel effective October 12, 2015.
• Infosys had appointed Rajiv Bansal as the CFO from November
  1, 2012 following the movement of the then CFO V Balakrishnan, to Infosys BPO,
  Finacle and India Business.
• Mr Mavinakere, is presently the EVP and head of strategic
  operations and CEO’s office. He is associated with the company for over 15
  years and is responsible for strategic planning, risk management, mergers &
  acquisitions and corporate marketing. From January 2008 to July 2013, he was
  the Chief Risk Officer (CRO).

• Microeconomist born in Edinburgh Angus Deaton on 12 October
  2015 won the 2015 Nobel Prize in Economics. He was awarded for his analysis of
  consumption, poverty, and welfare.
• The key to his work is measuring how public behaviour
  changes if, say, the government raises the VAT rate on food.
• According to Nobel Committee, “by linking detailed
  individual choices and aggregate outcomes, his research has helped transform
  the fields of microeconomics, macroeconomics, and development economics.”
• Deaton, aged 69, is based at Princeton, where he researches
  health, wellbeing, and economic development. He is the Dwight D Eisenhower
  professor of economics and international affairs at the Woodrow Wilson School
  of Public and International Affairs at Princeton.

• Novak Djokovic on 11 October 2015 won the China Open Men’s
  Singles title by defeating Rafael Nadal of Spain.
• In the summit clash held at the National Tennis Centre in
  Beijing, the top seeded Serbian overpowered Nadal by 6-2 6-2.
• For Djokovic, it was the fourth consequent win in Beijing
  since 2012.
• Overall, he is the only player to have won the title six
  times. His other two titles were in 2009 and 2010.
• In early 2015, Djokovic joined Roger Federer and Rod Laver
  as the only men in the Open era to reach all four major finals. His only defeat
  came in the final of the French Open against Stan Wawrinka of Switzerland.

• Punjab National Bank (PNB) on 11 October 2015 claimed the
  Beighton Cup hockey tournament at the Sports Authority of India (SAI) ground in
  Kolkata. PNB defeated Indian Oil Corporation (IOC) by 5-3 in penalties.
• At the end of regulation time, both teams were locked at
  1-1. Satpal Gulia of PNB had put the team in front in the 30th minute via a
  penalty corner. Three minutes after the half-time, Deepak Thakur of IOC went
  for a field goal.
• However, Naveen Antil of PNB struck the decisive goal in the
  end to kick off the celebration for the team.
• PNB goalkeeper Jasbir Singh was awarded with the Best Player
  award, whereas, the Fairplay Trophy was given to Army XI.

• Ajay Jayaram of India on 11 October 2015 defended the 2015
  Dutch Open Men’s Singles badminton title.
• In the summit clash held at Almere in Netheralnds, the World
  Number 26 ranker defeated Estonia’s Raul Must by 21-12 21-18.
• While Jayaram won his maiden title in 2014, it was the
  fourth overall title for India. The other two titles were won by Prakash
  Padukone and Chetan Anand in 1982 and 2009 respectively.
• Dutch Open is a Grand Prix category tournament that is held
  annually since 1932 in Netherlands. It is currently organized by Nederlandse
  Badminton Bond (NBB) and is a part of the European Badminton Circuit.

• India on 11 October 2015 won the four-match Men’s Hockey
  Test series against New Zealand 2-1. In the final test played at Christchurch,
  India through its brilliant play held the hosts to a 1-1 draw. 
• After witnessing no goals in the first half, one each goal
  was scored from both the sides. From New Zealand, Nick Ross scored the first
  goal in the 41st minute which was matched by SV Sunil of India in the 43rd
  minute of the match.
• After losing the first match of the series in Nelson against
  the hosts, India came back strongly to register back-to-back wins in the last
  two games.

• Spain’s Garbine Muguruza on 11 October 2015 captured the
  China Open women’s singles title by defeating Switzerland’s Timea Bacsinszky.
  Muguruza emerged out victorious by a perfect 3-0 record against the Swiss
  rival.
• The win had Muguruza achieve her career-high singles ranking
  of world no. 4.
• The China Open was Muguruza’s second WTA title, after she
  won her first at Hobart International in 2014. She had also reached the final
  of the 2015 Wimbledon Championships and made consecutive quarterfinal
  appearances at the 2014 and 2015 French Open.

• The Fourth International Day of the Girl Child (IDGC) was
  observed across the world on 11 October 2015 with the theme The Power of
  Adolescent Girl: Vision for 2030.
• To mark the occasion campaigns, meetings and workshops were
  held to across the world to raise awareness about importance of girl child and
  steps to promote gender equality.
• The theme was selected in recognition of the importance of
  investing in adolescent girls’ empowerment and rights, both today and in the
  future.
• In September 2015, the UN General Assembly reviewed the
  progress of girl child development under Millennium Development Goals (MDGs)
  and approved of continuing the momentum in the form Sustainable Development
  Goals (SDGs) for the period between 2016 and 2030.

• Geoffrey Howe, Britain’s former treasury chief, died on 9
  October 2015 due to a suspected cardiac arrest in Idlicote, England. He was 88.
• Howe, who administered Britain’s recovery from recession in
  the 1980s, was a champion of closer European unity.
• He was Margaret Thatcher’s longest-serving Cabinet minister
  who served as Chancellor of the Exchequer from 1979 to 1983, Foreign Secretary
  from 1983 to 1989, Leader of the House of Commons from 1989 to 1990 and Deputy
  Prime Minister from 1989 to 1990.
• He hailed as one of the great leaders of the Conservative
  party and emerged out as a quiet hero of the Thatcher years.

• Legendary Tamil actress Gopishantha, popularly known by her
  stage name Manorama, died on 10 October 2015 due to multiple organ failure in
  Chennai, Tamil Nadu. She was 78.
• Manorama acted in over 1500 movies in her career spanning
  almost six decades. She was also a brilliant comedian, singer and a stage
  artiste.
• Her first film was Malayitta Mangai, which released in 1958.
  She sang her first song in Ratha Thilagam in 1963. She also sang a song
  composed by A R Rahman for the film May Madham in 1994.
• She was affectionately called as Aachi Manorama for her
  popular grandmother roles in TV serials, which she played in the later part of
  her career.

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