Current Affairs Update – 6th October, 2015

Hello and welcome to ExamPundit. Here are the Important Current Affairs Update of 6th October, 2015. These are very Important for the upcoming IBPS PO V Mains.

Economy/Banking
Growth of eight core
sectors increased by 2.6 percent in August 2015

  • The Index of Eight Core Industries with base year 2004-05
    was released on 30 September 2015 by the Department of Industrial Policy and
    Promotion (DIPP) under Union Ministry of Commerce and Industry.
  • As per official figures released on 30 September 2015, growth
    of eight core sectors grew by 2.6 percent in August 2015, as compared to the
    August 2014. The combined Index of Eight Core Industries stands at 169.6 in
    August 2015. Its cumulative growth during April to August, 2015-16 was 2.2
    percent.

UCO Bank registered
highest increase in gross Non-Performing Assets
  • UCO Bank on 4 October 2015 registered the highest increase
    in gross Non-Performing Assets (NPAs) in percentage terms against total loans
    in the 2014-15 fiscal year. With this, UCO Bank became the worst performer
    among the other public sector banks.
  • The Gross NPA to gross advances ratio of UCO Bank increased
    to 8.05 percent at the end of March 2015 from 4.47 percent, accretion of 3.58
    on an annual basis.
  • The UCO Bank was followed by Indian Overseas Bank (IOB) and
    Bank of Maharashtra (BoM) with their gross NPA rising to 8.30 percent and 6.18
    percent respectively at the end of March 2015. Besides, the gross NPA of Dena
    Bank increased from 3.33 percent to 5.29 percent at the end of 2014-15.

Bank of Maharashtra
to raise Rs. 394 crore from govt.
  • The shareholders of Bank of Maharashtra at an Extraordinary
    General Meeting (EGM) on Tuesday approved the bank’s proposal for capital
    infusion of Rs. 394 crore by the Government of India.
  • Equity capital will be raised through preferential issue of
    105150787 equity shares of the face value of Rs. 10 each at an issue price of
    Rs. 33.47 per share including premium of Rs. 27.47 per share to the Government
    of India, Bank of Maharashtra said on Tuesday.
  • The share holding of Government of India in Bank of
    Maharashtra will now increase to 81.61 percent from the existing 79.80 percent
    after the issue and allotment of equity shares.

India
India, Germany signed
18 MoUs in various sector to strengthen bilateral relations
  • India and Germany on 5 October 2015 signed 18 MoUs in
    various sector including renewable energy, skill development and culture. The
    MoUs were signed at the end of third Indo-German Inter-governmental
    Consultations in New Delhi.
  • The meeting was co-chaired by Prime Minister Narendra Modi
    and German Chancellor Angela Merkel co-chaired the meeting.

List of
Agreements/MoU’s signed
  1. Promotion of Languages: Joint Declaration of Intent signed
    between Ministry of Human Resource Development and the Federal Foreign Office
    of Germany. The agreement seeks to promote German as a foreign language in
    India and the promote Modern Indian Languages in Germany.
  2. Indo-German Solar Energy Partnership: MoU between the
    Federal Ministry for Economic Cooperation and Development of Germany and the
    Ministry of New and Renewable Energy on Indo-German Development Cooperation
    Regarding the Indo-German Solar Energy Partnership.
  3. Security Cooperation: MoU was inked between the Ministry of
    Home Affairs and the Federal Ministry of the Interior, Germany.
  4. Aviation Security: MoU was inked between the Ministry of
    Civil Aviation and the Federal Ministry of the Interior of the Federal Republic
    of Germany.
  5. Cooperation in the Field of Skill Development and Vocational
    Education and Training: A Joint MoU was inked between the Ministry of Skill
    Development and Entrepreneurship, on one hand, and the Federal Ministry of Education
    and Research and the Federal Ministry for Economic Cooperation and Development
    of Germany, on the other hand.
  6. Cooperation in the Field of Disaster Management: The Joint
    Declaration of Intent was inked by the Ministry of Home Affairs and the Federal
    Ministry of the Interior, Germany.
  7. For extension of tenure of Indo-German Science and
    Technology Centre (IGSTC): Announced as a Joint Declaration by the Ministry of
    Science and Technology and the Federal Ministry of Education and Research of
    Germany. 
  8. Indo-German Partnerships in Higher Education (IGP): MoU was
    inked between University Grants Commission (UGC) and German Academic Exchange
    Service (DAAD), Germany.
  9. Plant Protection Products: Joint Declaration of Intent was
    inked by the Ministry of Agriculture and Farmers’ Welfare, (MoA&FW) and the
    Federal Office of Consumer Protection and Food Safety (BVL), Germany.
  10. Cooperation in the Field of Railways: to further develop the
    cooperation in the field of railways a Joint Declaration of Intent was inked
    between the Federal Ministry of Transport and Digital Infrastructure, Germany
    and the Ministry of Railways.
  11. Cooperation in the Field of Manufacturing: MoU was inked
    between the Department of Heavy Industries & Public Enterprises of India
    and Fraunhofer Society of Germany.
  12. Fast-Track system for German companies in India: Joint
    Announcement was made.
  13. Cooperation in the Field of Advanced Training of Corporate
    Executives and Junior Executives from India: Joint Declaration to continue the
    cooperation was inked between the two nations.
  14. Cooperation in Food Safety: Joint Statement of Intent was
    inked between the Federal Institute for Risk Assessment (BfR) and the Food
    Safety and Standards Authority of India (FSSAI).
  15. Cooperation in Food Safety: Joint Statement of Intent was
    inked between the Food Safety and Standards Authority of India (FSSAI) and the
    Federal Office of Consumer Protection and Food Safety (BVL).
  16. Cooperation in Agricultural Studies: MoU inked between
    German Agribusiness Alliance and Agriculture Skill Council of India (ASCI).
  17. Supporting participation of Indian Young Scientists in
    Natural Sciences for the Lindau Nobel Laureate Meetings: Letter of Intent was
    inked between the Department of Science and Technology (DST) of India, the
    Council for the Lindau Nobel Laureate Meetings (Council), and the Foundation
    Lindau Nobel Laureate Meetings (Foundation).
  18. Summary Record of the Negotiations on Development
    Cooperation: Inked between the Union Government and the Government of Germany.

INS Astradharani
commissioned at Vizag

  • Indian Navy’s first totally indigenously-designed and built
    torpedo launch and recovery vessel INS Astradharani was commissioned here on
    Tuesday.
  • The 50-metre twin-hulled warship is also the first to be
    built at a private yard with armament fixtures. The unique design of the ship
    was a collaborative effort of Naval Science and Technological Laboratory, IIT
    Kharagpur and Shoft Shipyard. The catamaran hull configuration significantly
    reduces its power requirement.
  • Congratulating everyone involved in the building of the ship
    Flag Officer Commanding-in-Chief Eastern Naval Command Vice Admiral Satish
    Soni, who commissioned the ship, said that the induction of INS Astradharani
    adds thrust to the Nation’s ongoing endeavours towards indigenisation and
    achieving the nation’s goal of self reliance in underwater weapons development.
    After commissioning, the ship entered the Eastern Fleet.

Second phase of
Mission Indradhanush launched in 352 districts

  • The Union Government on 5 October 2015 launched second phase
    of the immunisation programme, Mission Indradhanush, focusing on 352 districts.
  • The second phase of the programme aims at achieving more
    than 90 per cent full immunization in the country by 2020. The mission targets to
    cover all children below 2 years of age and pregnant women with full
    immunization against seven vaccine preventable diseases.
  • The second phase will watch over 352 districts including 279
    mid priority districts, 33 from the North East states and 40 districts from
    phase one where large number of missed out children were detected.
  • The second phase will last for a week starting from 7
    October 2015. It will be followed by weeklong intensified immunization drives
    for three consecutive months, starting from 7 November 2015 and 7 December 2015
    and 7 January 2016.

Amo doli programme
launched by Odisha government in naxal-affected Rayagada district
  • To help patients and pregnant women from inaccessible areas
    to reach nearest hospital, the state government of Odisha on 4 September 2015
    launched a healthcare programme named ‘Amo doli programme’. The programme was
    launched in naxal-affected Rayagada district of the state and will benefit
    people of 183 remote villages to reach the hospital.
  • Under the Amo Doli programme, a stretcher has been designed
    as a sling to carry patients smoothly and with less effort. Each sling costs
    around 9000 rupees and the programme is being funded under the Integrated
    Action Plan which is meant for Maoist-affected districts.

Appointments
Jack Dorsey appointed
as permanent CEO of Twitter

  • Popular micro-blogging site Twitter on 5 October 2015
    announced Jack Dorsey as its permanent Chief Executive Officer (CEO).
  • The appointment of Dorsey, who is also the CEO of mobile
    payments company Square, marks his second stretch as Twitter’s CEO. He will
    handle both the jobs at once.
  • Dorsey has served as interim CEO of Twitter since former CEO
    Dick Costolo stepped down on 1 July 2015.

Indian-American
Shital Patel Appointed As USA Funds’ Chief Info Officer

  • An Indian-American IT professional has been appointed the
    senior vice president and chief information officer of a US-based nonprofit
    corporation that provides aid to needy college students.
  • Shital Patel will be responsible for all aspects of USA
    Funds’ information technology and services and will lead the exploration of
    emerging information service opportunities, issues and solutions, the corporation
    said in a statement.
  • The Indianapolis-based nonprofit promotes student success in
    college and careers nationally.

Awards
& Honors –
Arthur B McDonald and
Takaaki Kajita shared 2015 Nobel Prize in Physics

  • Japan’s Takaaki Kajita and American Arthur B. McDonald on 6
    October 2015 jointly won the 2015 Nobel Prize in Physics for their discovery of
    neutrino oscillations, which shows that neutrinos have mass. Takaaki Kajita
    belongs to the University of Tokyo while McDonald is from Queen’s University,
    Canada.
  • Both the winners will share the 8 million Swedish kronor
    prize money with one half going to McDonand and the other half to Kajita. Each
    winner will also get a diploma and a gold medal at the annual award ceremony on
    10 December 2015, the anniversary of the death of prize founder Alfred Nobel.

Shashi Kapoor
honoured with Lifetime Achievement award at Jagran Fest

  • Veteran Bollywood actor Shashi Kapoor was on 5 October 2015
    honoured with the Lifetime Achievement award during the closing ceremony of the
    6th Jagran Film Festival in Mumbai.
  • The 77-year-old actor, who is wheelchair bound, received the
    award from filmmaker Shyam Benegal.

List of winners at
the Jagran Fest includes
  • Best Director: Shoojit Sircar for his film Piku
  • Best Feature Film: Kaushik Ganguly’s Bengali film Chotoder
    Chobi
  • Best Actor (male): Dulal Sarkar for an outstanding
    performance in Chotoder Chobi
  • Best Actor (female): Bhumi Pednekar for her portrayal of
    Sandhya in Dum Laga Ke Haisha

World
US, Japan and 10
other Pacific Rim countries signed Trans-Pacific Partnership agreement
  • The United States (US), Japan and 10 other Pacific Rim
    countries on 5 October 2015 signed the Trans-Pacific Partnership (TPP)
    agreement to lower trade barriers, bolster worker protections and set standards
    for a raft of other industries.
  • The TPP is designed to facilitate trade among the US and a
    host of other countries scattered across both sides of the Pacific Ocean.
  • The 10 other countries of the Pacific Rim which signed the
    agreement are Australia, Brunei, Canada, Chile, Malaysia, Mexico, New Zealand,
    Peru, Singapore and Vietnam. China, the world’s second-largest economy, is not
    part of the agreement.

Books
& Authors –
Ruled or Misruled:
Story and Destiny of Bihar authored by Santosh Singh released

  • The book titled Ruled or Misruled: Story and Destiny of
    Bihar authored by the Assistant Editor of the Indian Express’ Santosh Singh was
    released in last week of September 2015.
  • The book Ruled or Misruled offers a 360 degree journey of
    Bihar politics since Independence, especially since the Congress’ downfall in
    1990. An out and out reporter’s book, tells an interesting and tumultuous
    journey of the post-1990 legends of Bihar politics – Nitish Kumar, Lalu Prasad,
    Ram Vilas Paswan and Jitan Ram Manjhi with the legendary clash between Nitish
    Kumar and Narendra Modi – with the untold version on the 2010 dinner
    cancellation and Nitish’s ambition, providing the third angle.

Days
World Habitat Day
observed across the world

  • The World Habitat Day was on 5 October 2015 observed across
    the world with the theme Public Spaces for All. The 2015 World Habitat Day
    campaign aims to recognize the challenges and issues around Public Spaces.
  • The origin of World Habitat Day dates back to 17 December
    1985, when the UN General Assembly designated the first Monday of October of
    every year as World Habitat Day through its resolution. It was first celebrated
    in 1986.



Regards

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