Current Affairs Update – 14-16 October, 2017



Hello and welcome to exampundit. Here are the Important Current Affairs of 14, 15 & 16 October, 2017. These are very important for the upcoming IBPS PO, IBPS RRB, OICL AO, UIIC Assistant & NICL Assistant Exams.

Banking & Financial
News
Deutsche Bank launches India’s
first paperless import payments system

  • Deutsche Bank today announced
    that it has launched the first paperless import payment solution in India with
    its TradePay system.
  • Deutsche Bank’s TradePay uses the
    Reserve Bank of India’s Import Data Processing and Monitoring System (IDPMS) to
    verify import payments by checking them against details made available by the
    client on the system, eliminating the need for clients to share any physical
    documentation.
  • The data is then enriched by the
    client to meet regulatory requirements, validated by Deutsche Bank and converted
    into a payment-ready state.
  • Thereafter, clients can book FX
    contracts electronically through TradePay, thereby streamlining the payment
    process.
  • The payment authorisation can be
    done directly on TradePay or via the importer’s ERP system. As a result, this
    digitised workflow solution can help to reduce complexities and delays in the
    supply chain, enhance controls and transparency of payments and increase speed
    of settlement, while meeting regulatory requirements.
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National Investment and Infrastructure
Fund inks pact worth $1 b with Abu Dhabi Investment Authority

  • The National Investment and
    Infrastructure Fund (NIIF) of India on Monday said it has signed an investment
    agreement worth $1 billion with Abu Dhabi Investment Authority (ADIA).
  • The government has set up NIIF
    with the aim to attract investments from both domestic and international
    sources for infrastructure development in commercially viable projects.
  • “As part of the comprehensive
    partnership agreement, ADIA will become the first institutional investor in
    NIIF’s Master Fund and a shareholder in National Investment and Infrastructure
    Limited, the NIIF’s investment management company,” the NIIF said in a
    statement.
  • NIIF CEO Sujoy Bose said the
    agreement marks the culmination of an extensive process of collaboration with
    ADIA to develop an investment structure that is attractive to international
    investors while remaining closely aligned with the NIIF’s objectives.
  • “We are proud to have ADIA as our
    founding partner, and grateful for its support and contributions to date, and
    we now look forward to announcing further agreements with other investors,” he
    said.
  • Khadem Al Remeithi, Executive
    Director of the Real Estate and Infrastructure Department at ADIA, said the
    fund is set to play an important role in facilitating the flow of foreign
    capital into India’s infrastructure sector.
  • The corpus of the NIIF is
    proposed to be ₹40,000 crore ($6 billion) wherein the government will invest 49
    per cent.
  • It will raise third party capital
    for the remaining ₹20,000 crore ($3 billion), from long-term international
    investors, such as a sovereign wealth funds, insurance and pension funds, and
    endowments.
India to have 530 mn smartphone
users by 2018: Study

  • With a rise in smartphone
    ownership globally, China will have highest number of smartphone users, 1.3
    billion, in 2018, followed by India with 530 million users.
  • The US will be a distant third,
    with 229 million users.
  • According to a new study by
    US-based media agency Zenith, smartphone ownership globally will continue to
    expand in 2018.
  • The agency said that 66 per cent
    of individuals in 52 countries will own a smartphone in 2018 — up from 63 per
    cent in 2017.
  • Zenith estimated that 59 per cent
    of all internet ad spending will go to ads viewed on mobile devices in 2017.
  • The study expected that to rise
    to 59 per cent in 2018 and 62 per cent in 2019.
  • “For most consumers and
    advertisers, the mobile Internet is now the normal Internet,” Jonathan
    Barnard, Zenith’s Head of Forecasting and Director of Global Intelligence, was
    quoted as saying.
  • Mobile devices will account for
    73 per cent of time spent using the internet in 2018 — up from 70 per cent in
    2017.
  • By 2019, Zenith predicted mobile
    to account for 76 per cent of mobile internet use.
News related to India & States
Rajasthan CM Vasundhara Raje
expands Annapurna Rasoi Yojna to cover 191 urban areas

  • The Chief Minister of Rajasthan,
    Vasundhara Raje on 15 October 2017 opened up the expansion of Annapurna Rasoi
    Yojna in all the 191 urban areas of the state. She also flagged off 50
    Annapurna vans on the occasion at Ajmer.
  • The scheme, which aims to provide
    quality food to the needy of all categories at affordable rates, was earlier
    being implemented in selected cities of the state. The state government has now
    expanded it to cover all the urban areas.
  • The scheme will be implemented in
    all the urban areas of the state by 31 December 2017.
  • Five hundred smart kitchen vans
    have been arranged for the scheme.
  • Under the scheme, people can get
    breakfast for Rs 5 and lunch and dinner for Rs 8 each.
  • The food menu contains around 50
    dishes, which changes every day.
  • The total estimated cost of
    implementation of the scheme would be around Rs 400 Cr.
India-Sri Lanka Joint Training
Exercise MITRA SHAKTI 2017 kicks off

  • The 5th India-Sri Lanka Joint
    Training Exercise MITRA SHAKTI 2017 started on 13th October 2017 with a grand
    Opening Ceremony conducted at Aundh Military Station, Pune.
  • This India- Sri Lanka exercise is
    based on Counter Terrorist Operations. The Infantry company from India- Sri Lanka
    is taking part in the same.
  • The Opening Ceremony inaugurated
    with flawless parade, followed by skill displays carried out by troops from
    both the countries.
  • The stunning display of Unarmed
    Combat, Khukri Dance and Pipe Band was carried out by Indian Army and Udarata
    Narthanaya by Sri Lanka Army.
  • The fly past by two Cheetah
    helicopters of Indian Army Aviation carrying national flags of both countries
    was held at the start of the opening ceremony.
  • The Sri Lanka- India combined
    training exercise MITRA SHAKTI 2017 in its 5th edition will send a strong
    signal to the world that both India and Sri Lanka understand the emerging
    threat of terrorism and stand shoulder to shoulder in countering this menace.
  • The exercise will be conducted
    for next 14 days upto 26 Oct 17 & will involve sharing and learning from
    each others experiences.
Five judges Constitutional bench
to decide on Hindu women’s right to temple

  • A 5-judge Constitutional Bench
    will decide whether the women’s fundamental right to pray at the place of their
    preference can be overruled on the ground of religious belief “biological
    factor exclusive to the female gender”. The matter was a referred to this bench
    by Supreme Court of India.
  • The matter was referred by a
    three-judge Bench of Chief Justice of India Dipak Misra and Justices Ashok
    Bhushan and R. Banumathi. The Bench raised the question of excluding such women
    comprise an “essential religious practice.”
  • Now, the 5-judges bench will
    examine the age-old practice in famous Sabarimala temple of restricting entry
    for women aged between 10 to 50 years.
  • It means to control the entry of
    women from the menstruating age.
  • And if so, does this amount to
    discrimination and breach of the fundamental rights to gender justice and
    equality.
  • However, the temple authorities
    have justified the banned entry by saying it is a practice founded in
    tradition. It means women are restrictted from even making the arduous walk to
    the shrine.
U’khand Govt. launches ‘Solar
Briefcase’ to provide electricity in remote areas

  • The Uttarakhand Government and a
    charitable funding agency, Swan Cultural Center and Foundation, on Sunday
    launched ‘Solar Briefcase’ in Kedarnath Dham.
  • The initiative was taken to
    provide electricity to far flung areas in the hill state.
  • “47 villages and 1,40,000
    families do not have access to electricity. We have decided to use off-grid
    electricity. Solar power is a good option,” Uttarakhand Chief Minister
    Trivendra Singh Rawat told ANI.
  • There are more than 60 villages
    in the state where electrification has not yet been done due to the difficult
    geographical conditions.
Government launches special
course to train teachers

  • The Human Resource Development
    (HRD) Ministry on Tuesday launched a diploma course in Elementary Education to
    train teachers across the country for teaching students up to Class 8.
  • The Ministry intends to train all
    such teachers with minimum qualifications by 2019, as per the amended Right of
    Children to Free and Compulsory Education (Amendment) Act, 2017.
  • The online or distance learning
    course, having a duration of one year and six months, has been designed with
    the help of National Institute of Open Learning (NIOS) and so far about
    15,00,000 teachers from both private and government schools have registered for
    it, said NIOS Chairman Chandra Bhushan Sharma at the launch here.
  • The lectures for the course have
    been uploaded on the “Swayam” platform — a repository of Massive
    Open Online Courses — of the Ministry and will also be telecast on Doordarshan’s
    education channels.
  • A mobile app was also launched on
    the occasion through which teachers can get access to the lectures.
President Ram Nath Kovind
launches Rs 100 crore clean water initiative

  • President Ram Nath Kovind today
    launched Mata Amritanandamayi Math’s Rs 100 crore clean water initiative for
    rural India at the math headquarters in the coastal hamlet of Vallikkavu near
    here.
  • Kovind, who is on his maiden
    visit to the southern state after assuming office, inaugurated the ‘Jivamritam’
    filtration system, envisaged to provide clean drinking water to 10 million
    villagers across the nation.
  • The programme was organised as
    part of the 64th birthday celebrations of spiritual leader Mata Amritanandamayi
    Devi, popularly known as ‘Amma’ among her devotees.
  • Launching the initiative in the
    presence of Amritanandamayi Devi, Kovind said the greatest service to the
    divine is service to fellow human beings.
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In a first, GMR’s project village
in Chhattisgarh gets website address

  • GMR Energy’s project village in
    Raipur district has become the first rural set up in Chhattisgarh to have its
    own website address.
  • The village where the company’s
    arm GMR Chhattisgarh Energy Limited (GCEL) has set up 1,370-Mw power station is
    now connected globally with its own website www.morraikheda.com. With a
    population of about 3500, Raikheda has now become the first village in
    Chhattisgarh to have its own website address.
  • “This is a unique initiative
    taken by our engineers to show our Raikheda village globally with the website
    address,” Chief Operating Officer (COO) and project head Ravi Shanker said.
  • The process started when a team
    of engineers drawn from company’s Control and Instrumentations department along
    with members of GMR Varalakshmi foundation visited the village and discussed
    various government schemes with the villagers. Surprisingly, the villagers were
    still depended on the proclamation system.
Defence Minister Commissions
indigenously-built anti-submarine warship, INS Kiltan

  • Defence Minister Nirmala
    Sitharaman commissioned INS Kiltan, an indigenously-built anti-submarine
    warfare on 16 October 2017.
  • INS Kiltan is a stealth corvette
    that portrays growing capability of the Indian Navy. The commissioning ceremony
    was attended by Chief of the Naval Staff Admiral Sunil Lanba and a host of
    other dignitaries.
  • The warship is an extension of
    Prime Minister Narendra Modi’s ‘Make in India’ initiative.
  • INS Kiltan was commissioned at
    the Naval Dockyard in Visakhapatnam.
Railways introduces new
tri-weekly special Rajdhani on Delhi – Mumbai route

  • Ministry of Railways is
    introducing a new tri-weekly Special Rajdhani Express between Delhi and Mumbai
    from 16 October 2017.
  • The main aim behind the move is
    to fulfil the long overdue demand of passengers and to provide faster and
    convenient connectivity to passengers between the two metro cities.
  • The new train will run from
    Hazrat Nizamuddin and will have stoppages at Kota, Vadodara and Surat stations.
  • There will be no Flexi fare
    component in the fare structure of the train.
  • The travel time will be reduced
    from 15 hours 50 minutes to 13 hours 55 minutes.
  • The special train would save
    around two hours in journey time in comparison to the already plying Rajdhani
    between Delhi and Mumbai.
Take stringent action against
food adulterators: Union Government to Food Safety Commissioners

  • On the occasion of World food day
    on 16 October 2017, the Union Government directed the food safety commissioners
    of all the states to take stringent action against food adulterators.
  • Minister of State for Health
    Ashwini Kumar Choubey directed the officials to keep a vigil against any kind
    of adulteration during this festive season.
  • World food day also saw the
    inauguration of mobile app Indian Food Recovery Alliance (IFRA) to curb food
    wastage. It is a mobile app created by Food Safety and Standard Authority of
    India (FSSAI). 
Appointments
Audrey Azoulay elected as
Director General of UNESCO

  • Audrey Azoulay was on 14 October
    2017 elected as the Director General of United Nations Educational, Scientific
    and Cultural Organization (UNESCO).
  • UNESCO’s Executive Board voted 30
    to 28 in favour of Azoulay against Qatar’s Hamad bin Abdulaziz al-Kawari. Her
    election will now be put forward for approval to UNESCO’s 195 members on 10
    November 2017.
  • The board’s selection of Azoulay
    came the day after the United States announced that it intends to pull out of
    UNESCO because of its alleged anti-Israel bias.
  • Once confirmed by UNESCO’s
    195-member General Assembly, Azoulay will succeed outgoing Director-General
    Irina Bokova of Bulgaria.
  • Azoulay will become the second
    French leader of the UNESCO after Rene Maheu, who was UNESCO’s Director General
    from 1961-74.
Leslie Thng appointed as CEO of
Vistara

  • Leslie Thng was on 16 October
    2017 appointed as Chief Executive Officer (CEO) of full service carrier Vistara
    after receiving all the requisite approvals.
  • Thng succeeds Phee Teik Yeoh, who
    will now join Singapore Airlines.
  • Prior to this appointment, Thng
    was working as the Chief Commercial Officer with Budget Aviation Holdings, a
    Singapore Airlines Holding Company.
  • Thng started his career with
    Singapore Airlines in 1999 and has held many senior positions at the carrier.
  • Among others, he has served as
    Chief Executive of Silk Air.
Days
World Food Day 2017 observed
across the world

  • World Food Day was observed
    globally on 16 October 2017 with the theme ‘Change the future of migration.
    Invest in food security and rural development’.
  • The day is celebrated annually on
    16 October to commemorate the founding of the Food & Agriculture Organization
    (FAO) of the UN in 1945.
  • Events are organized in over 150
    countries across the world, making it one of the most celebrated days of the UN
    calendar.
  • The events mainly aim to promote
    worldwide awareness and action for those who suffer from hunger and for the
    need to ensure food security and nutritious diets for all.
  • The day is also a chance for
    everyone to show their commitment to Sustainable Development Goal (SDG) 2 – to
    achieve Zero Hunger by 2030.
International Day of Rural Women
2017 observed globally

  • The International Day of Rural
    Women was celebrated across the world on 15 October 2017 with the theme
    ‘Challenges and opportunities in climate-resilient agriculture for gender
    equality and the empowerment of rural women and girls’.
  • The Day recognizes the critical
    role and contribution of rural women, including indigenous women, in enhancing
    agricultural and rural development, improving food security and eradicating
    rural poverty.
  • The Day was established by the
    United Nations General Assembly through its resolution 62/136 dated 18 December
    2007. It was first celebrated on 15 October 2008.
Awards & Honors
Carnatic Singer T M Krishna wins
Indira Gandhi National Integration award

  • Carnatic music vocalist, T M
    Krishna would be honoured with the Indira Gandhi Award for National Integration
    for 2015 -16 on 31 October 2017, on Indira Gandhi’s death anniversary.
  • He would be conferred the award
    by Sonia Gandhi, President of Indian National Congress Party. He is being
    awarded for his services in promoting and preserving national integration in
    the country.
  • He has written and talked about a
    wide range of socio-political issues, including women’s rights, children’s
    needs, issues that make a society civil or un-civil and the dangers of the
    mentality of war and narrow nationalism.
Sports News
Kavita Devi becomes first Indian
Woman to sign with World Wrestling Entertainment

  • Kavita Devi on 15 October 2017
    became the first Indian woman to tie-up with the World Wrestling Entertainment
    (WWE). Besides, Shadia Bseiso became the first Arab woman from the Middle East
    to sign a WWE developmental contract.
  • Devi, a former competitive
    powerlifter, took training from Dalip Singh Rana popularly known as The Great
    Khali.
  • The 2016 South Asian Games gold
    medallist, Kavita shot to fame when her video of wrestling in a salwar kameez
    against woman wrestler B Bull Bull went viral on social media.
  • She is expected to begin training
    at the WWE Performance Centre in Orlando, Florida in January 2018.

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