Current Affairs Update – 6 October, 2017



Hello and welcome to exampundit. Here are the Important Current Affairs of 6 October, 2017. These are very important for the upcoming IBPS PO, IBPS RRB, OICL AO, UIIC Assistant & NICL Assistant Exams.

Banking & Financial
News
Vijaya Bank inks MoU with HPCL
for digital payments with BHIM/ UPI

  • Vijaya Bank has entered into a
    Memorandum of Understanding (MoU) with Hindustan Petroleum Corporation Ltd
    (HPCL) for enabling all HPCL retail outlets with BHIM/UPI merchant solutions.
  • Following the success of the
    pilot launch at five outlets, the solution is being scaled to enable UPI
    acceptance in all HPCL outlets throughout Karnataka over the next few weeks.
  • This rollout will empower all
    petrol pump attendants and LPG delivery personnel to accept digital payments.
    Customers can make payments by scanning a payment QR code, using BHIM Vijaya or
    any BHIM app that supports payments via UPI.
  • Vijaya Bank MD and CEO R A
    Sankaranarayanan exchanged the MoU document with HPCL Executive Director
    (Retail) G S.V Prasad at Bengaluru in the presence of Vijaya Bank Executive
    Directors B S Rama Rao and Nageswara Rao Y and HPCL Executive Director (IS) S T
    Sathiavageeswaran and HPCL General Manager D N Krishnamurthy.
  • Both Vijaya Bank and HPCL have
    inked the pact in line with the GOI initiative to encourage digital payments,
    especially BHIM/UPI.
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India signs €300 million
agreement 
with EIB for Bangalore Metro Phase II

  • Government of India and European
    Investment Bank (EIB) on 5 October 2017 signed the Finance Contract for lending
    of €300 million for Bangalore Metro Rail Project Phase II Line R6.
  • The agreement was signed by S.
    Selvakumar, Joint Secretary (BC), Department of Economic Affairs, Ministry of
    Finance and Andrew McDowell, Vice President of EIB.
  • The metro rail’s project phase II
    is to be jointly financed by the European Investment Bank (€500 million) and
    Asian Infrastructure Investment Bank (€300 million).
  • The project envisages extension
    of East-West & North-South lines for Bangalore Metro Rail which includes a
    total length of 72.095 km (13.79 km underground) and 61 stations with 12
    underground stations.
  • Its main objective is to bring in
    quantum improvement in transportation sector in city in tandem with Bangalore
    Metropolitan Transport Corporation (BMTC) and other modes of urban transport.
  • It also aims to ensure modern
    transport facility for the commuters.
Union Ministers lay foundation
stone for highway, shipping projects worth Rs 1321 Cr

  • Union Home Minister Rajnath Singh
    and Minister for Road, Transport & Highways Nitin Gadkari laid the
    foundation stone for 4 National Highways projects worth Rs 1121 Cr and several
    shipping projects worth Rs 200 Cr in Andaman and Nicobar Islands.
  • The two ministers were on a
    two-day visit to the Union Territory. They laid the foundation stones at events
    held at Port Blair, Diglipur and Baratang.
The Highway Projects include:

  1. National
    Highway (26 km-long) between Beodnabad- Ferrargunj at a cost of Rs 170  Cr.
  2. National
    Highway (56 km-long) between Austin Creek and Kalra Junction at a cost of Rs
    410  Cr.
  3. Middle Strait
    Creek Bridge and Humphrey Strait Creek Bridge at a cost of Rs262.97  Cr and Rs277.17  Cr respectively.
  4. Andaman Trunk
    Road at Diglipur
The Shipping Projects include:
1. Extension of New Dry Dock,
Port Blair
2. Alternate Sea Route to
Baratang Island:
– The project
has been completed at a cost of Rs 45.16 Cr.
– It aims to
improve connectivity of the island from Port Blair, reduce traffic on the route
that passes through the Jarawa Tribal Reserve and thus promote tourism without
disturbing the tribal areas.
3. Extension of Wharf in Hope
Town, Port Blair by 200 meters
– It is expected
to cost about Rs 17.49 Cr.
– It would be
used by Indian Oil Corporation for discharging LPG and other petroleum
products.
– The extension
of jetty would allow berthing of bigger vessels of upto160 meter length and
higher capacity.
India, Ethiopia sign agreements
on trade, communication

  • India and Ethiopia on 5 October
    2017 signed agreements on trade, communication and media to boost bilateral
    ties.
  • The agreements were signed in the
    presence of President Ram Nath Kovind and his Ethiopian counterpart Mulatu
    Teshome at the National Palace in Ethiopian capital Addis Ababa following
    detailed discussions on economic relations.
  • The Indian President graced and
    addressed the India-Ethiopia Business Dialogue, organised to commemorate the
    12th Anniversary of the India Business Forum in Addis Ababa on 5 October 2017.
    The forum is the first partner-country forum of its kind in Ethiopia and
    represents more than 100 Indian companies.
  • Speaking on the occasion,
    President Kovind said India wanted to strengthen bilateral ties with
    Ethiopia.”We will be working closely to develop trade, investment and
    people-to-people relations between the two countries,” he said.
  • He added that India will provide
    a credit line to the tune of USD 95 million to Ethiopia for an electric
    transmission line. He also announced a grant of USD 2 million for the purchase
    of food grains and referred to India as among the top three sources of foreign
    direct investment for Ethiopia.
  • Besides this, India also thanked
    Ethiopia for its participation in the International Solar Alliance (ISA),
    established in 2015. The main objective of the ISA is to provide a dedicated
    platform for cooperation among solar resource rich countries and promote the
    use of solar energy.
News related to India & states
First ASEAN-India Music Festival
begins in New Delhi

  • The first ever ASEAN-India music
    festival began at Purana Quila in New Delhi on 6 October 2017.
  • The 3-day festival is being
    organised by the Ministry of External Affairs, Government of India in
    collaboration with Culture Ministry to celebrate the 25th year anniversary of
    ASEAN-India Dialogue Relations. It will conclude on 8 October 2017.
  • The theme for this commemorative
    year is ‘Shared Values, Common Destiny’.
  • The theme along with this
    festival aims to boost cultural influences among the people of the ASEAN member
    states and India.
  • It will witness eclectic
    performances by musicians of 10 enigmatic bands from ASEAN member states such
    as The Ugly Band, Cherpen, Tim De Cotta and Red Bamboo to name some.
  • Popular Indian bands like the
    Raghu Dixit Project, Avial, Papon LIVE, Bipul Chettri and the Travelling Band
    and Shankar-Ehsaan-Loy would also be participating in the festival.
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Awards & Honors
Nobel Peace Prize 2017 goes to
anti-nuclear weapons campaigner ICAN

  • The International Campaign to
    Abolish Nuclear Weapons (ICAN) won the Nobel Peace Prize on Friday, as the
    Norwegian Nobel Committee warned that the risk of a nuclear conflict is greater
    than for a long time.
  • ICAN describes itself as a
    coalition of grassroots non-government groups in more than 100 nations. It
    began in Australia and was officially launched in Vienna in 2007.
  • “We live in a world where the
    risk of nuclear weapons being used is greater than it has been for a long
    time,” said Berit Reiss-Andersen, the leader of the Norwegian Nobel Committee.
  • In July, 122 nations adopted a UN
    Treaty on the Prohibition of Nuclear Weapons, but nuclear-armed states
    including the United States, Russia, China, Britain and France stayed out of
    the talks.
  • The Nobel prize seeks to bolster
    the case of disarmament amid nuclear tensions between the United States and
    North Korea and uncertainty over the fate of a 2015 deal between Iran and major
    powers to limit Tehran’s nuclear programme.
  • US President Donald Trump has
    called the Iran agreement the “worst deal ever negotiated” and a senior
    administration official said on Thursday that Trump is expected to announce
    soon that he will decertify the landmark pact.
Rajesh Nath, MD, VDMA India, gets
Germany’s highest civilian honour

  • Rajesh Nath, Managing Director of
    VDMA India, has been conferred the ‘Cross of the Order of Merit’, the highest
    civilian honour awarded to individuals for their services to Germany.
  • The award, also known as
    Bundesverdienstkreuz or Federal Cross of Merit was instituted in 1951 and is
    Germany’s only honour that is awarded to both Germans and foreigners for
    achievements in the economic, social, political or intellectual realms.
  • The Cross of Merit, along with
    the certificate signed by the President of Germany, was handed over by the
    Consul-General of Germany in Kolkata, Dr Michael Feiner, today.​
Sports News
FIFA U-17 World Cup 2017 kicks
off

  • The much-awaited FIFA U-17 World
    Cup kicks off today, 6 October 2017 with four opening day matches to be played
    in Delhi and Mumbai.
  • The opening matches would be
    played by teams in Group A and B. In Delhi, the inaugural match would be played
    between Group A teams Colombia and Ghana at Jawahar Lal Nehru Stadium, followed
    by hosts India who would take on team USA in the second match.
  • In Mumbai, Group B team New
    Zealand would be taking on Turkey in the first game at DY Patil stadium in Navi
    Mumbai, followed by Paraguay against Mali.
  • This is the first time that India
    will be participating in a FIFA World Cup.
  • In all 24 countries from six
    confederations are participating in the youth tournament.
  • The total number of matches are
    52, which will be held in six cities – New Delhi, Kochi, Kolkata, Margao, Navi
    Mumbai and Guwahati – across the country.
  • The tournament will conclude on
    28 October 2017.
  • The football extravaganza is
    expected to attract viewership from all over the globe, almost up to 200
    million.
  • The Indian U-17 team is going to
    create history, as it will be the first time ever that a team representing
    India will participate in a FIFA-organised world tournament, let alone the
    Under-17 World Cup.

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