Current Affairs Update – 17th October, 2015

Hello and welcome to ExamPundit. Here are the Important Current Affairs of 17th October, 2015. These are Important for the upcoming IBPS PO Mains and IBPS Clerk Exam.

• Nobel Peace Prize winner Kailash
  Satyarthi has been conferred with Harvard University’s prestigious humanitarian
  award for this year, in recognition of his continuing contributions to the
  cause for child rights.
• The annual award by the
  university is given to an individual whose works and deeds have served to
  improve the quality of lives and have inspired us to greater heights. Satyarthi
  is the first Indian to have been given this award.
• The university said the ‘Harvard
  Humanitarian of the Year’ has been awarded to Satyarthi for his contributions
  in the field of child rights and abolition of child slavery.
• Satyarthi has recently succeeded
  in getting child protection and welfare-related clauses included in the
  Sustainable Development Goals (SDGs) of the United Nations, which aim to end
  slavery, trafficking, forced labour and violence.

• The Aditya Birla Group on 16
  October 2015 launched a new online fashion store Abof.com with an aim to tap a
  boom in e-commerce. The portal www.abof.com will offer shoppers brands from
  both the Aditya Birla Group and other companies.
• Abof (all about fashion) is a
  one-stop fashion portal for apparel, footwear and accessories for men and
  women. The new portal will be targeted at the young and have a curated
  collection focusing on quality and not give discounts.
• This online fashion store
  Abof.com will compete with the likes of Myntra, a Flipkart unit, and Rocket
  Internet-backed Jabong. Abof.com will be privately held by Birla in his
  personal capacity.

• Senior Indian Legal Service
  officer G Narayana Raju was today appointed as the legislative secretary, the
  top draftsman of the government.
• Raju was with the legislative
  department of the law ministry till recently in various capacities. In May, he
  was appointed the member secretary of the Law Commission.
• Sanjay Singh had relinquished
  charge as legislative secretary in September and law secretary PK Malhotra was
  given additional charge of the department.
• The legislative department is
  mandated with drafting of legislations for the central government.

• Unified Communist Party of Nepal
  (Maoist) candidate Onsari Gharti Magar was on 16 October 2015 unanimously
  elected as the House speaker of Nepal. With this, Onsari Gharti became the
  first female Speaker in the parliamentary history of Nepal.
• Onsari was the former Deputy
  Speaker and had served as Minister for Youth and Sports in the Nepal Cabinet
  led by Jhala Nath Khanal.
• Onsari’s unanimous election
  became possible after Nepal Majdoor Kisan Party candidate Anuradha Thapa
  withdrew her candidacy. Her name was proposed by CPN-UML lawmaker Bidya Devi
  Bhandari and Rastriya Prajatantra Party-Nepal among other fringe parties
  seconded her candidacy. 

• The International Day for the
  Eradication of Poverty was observed globally on 17 October 2015 with the theme Building
  a sustainable future: Coming together to end poverty and discrimination.
• The 2015 observance of the
  International Day for the Eradication of Poverty is a special one, as it comes
  on the heels of the adoption of Transforming our world: the 2030 Agenda for
  Sustainable Development. This Agenda succeeds the Millennium Development Goals,
  contains 17 ambitious goals basically to end poverty in all its forms
  everywhere.

• China and Indonesia on 16 October
  2015 signed a 5.5 billion US dollars deal to build the first high-speed railway
  in Indonesia following the victory of Beijing in winning the construction
  project by beating Tokyo.
• Japan was long expected to build
  the railway but China entered the contest in 2015, and Tokyo’s bid was rejected
  in September 2015 after a chaotic bidding process that infuriated the Japanese
  companies.
• The project will be implemented
  by state-owned China Railway International and a consortium of Indonesian state
  companies. In the regard, the chairman of state-owned China Railway
  International, Yang Zhongmin, signed a deal with a consortium of Indonesian
  state companies to form a joint venture to build the railway.

• Pakistan and Russia on 16 October
  2015 signed an agreement to build a 1100-km gas pipeline stretching from
  Karachi on Arabian Sea to the eastern city of Lahore. The agreement was signed
  by Russian Energy Minister Alexander Novak and Pakistan Petroleum Minister
  Shahid Khaqan Abbasi.
• In this project, Russia will
  invest 2 billion US dollars and it will be built by Russian company RT Global
  Resources, a subsidiary of Russian state corporation Rostec. The pipeline is
  expected to get completed by December 2017.

• Former Chief of the Naval Staff
  Admiral Radhakrishna Hariram Tahiliani (Retd) passed away on 14 October 2015 in
  New Delhi. He was 85.
• Born on 12 May 1930, the Admiral
  was commissioned in the Navy on 1 September 1950 and served as the 11th Chief
  of Naval Staff from 1 December 1984 till 30 November 1987. The Admiral had
  commanded the carrier borne squadron INAS 300 during the Indo-Pak war in 1971.
• His distinguished career included
  command of INS Trishul and the Aircraft Carrier INS Vikrant. A distinguished
  graduate of the French Test Pilot School and an outstanding pilot, he was the
  first to land on the deck of INS Vikrant on a Hawker Sea Hawk Fighter ushering
  carrier based aviation into the Indian Navy.

Regards

Team ExamPundit

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