Current Affairs Update – 14th October, 2015

Hello and welcome to ExamPundit. Here are the Important Current Affairs of 14th October, 2015. These are Important for the upcoming IBPS PO Mains and IBPS Clerk Exam 2015.

RBI data shows bank
credit growth at 9.4%

  • Credit in the banking system continues to grow at a muted
    pace. As per the Reserve Bank of India data, credit in the system grew by 9.4%
    by October 02, 2015 to Rs 68,30,245 crore from Rs 62,40,256 crore a year ago.
  • In the same period deposits increased slightly faster at 11%
    to Rs 91,63,815 crore.
  • Even though the festival season has started banks have not
    seen a significant improvement in credit offtake. For over a year, credit in
    the system has been growing below ten%. RBI has been hopeful that credit off
    take will begin to improve by the September-October however the banking system
    is yet to see a pick up.

Etihad Airways signed
deal worth 700 million US dollars with IBM
  • Etihad Airways and IBM on 13 October 2015 announced an
    information technology deal worth 700 million US dollars for over 10 years. The
    deal aims at improving the airline’s operations and security.
  • The deal incorporates analytics of customer data and the
    development of technology that can forecast weather patterns to better manage
    the airline’s flights at its Abu Dhabi centre.
  • As per the terms of agreement, about 100 Etihad staff will
    move to IBM, where they will help in developing and building a new data centre
    in Abu Dhabi.
  • The deal also includes IBM’s mobile solutions, developed under
    the Apple-IBM alliance.

Govt to declassify
Netaji files from January 23: Modi

  • Prime Minister Narendra Modi has announced that the process
    of declassification of files relating to Netaji will begin on January 23, 2016,
    the birth anniversary of Subhash Chandra Bose.
  • The Prime Minister, on Wednesday, met the relatives of
    Netaji at his official residence in New Delhi. Home Minister Rajnath Singh and
    External Affairs Minister Sushma Swaraj were also present.
  • Later Mr. Modi tweeted that he Will request foreign
    governments too to declassify files on Netaji available with them.
  • “Shall begin this with Russia in December,” he
  • Declaring that “there is no need to strangle history”, Mr.
    Modi said “Nations that forget their history lack the power to create it.”
  • Lat month, West Bengal government declassified 64 files
    related to Netaji, which were in the possession of the Kolkata police and West
    Bengal police.
  • There has prompted demands to Centre from various spheres,
    including political leaders and Netaji’s kin, to release files pertaining to
    the freedom fighter.

Rajasthan government
signed 27 MoUs under Housing for All scheme
  • Rajasthan government on 13 October 2015 signed 27 MoUs worth
    12478 crore rupees under Housing for All scheme in housing, healthcare and
    education sectors in the presence of Union Minister for Urban Development
    Venkaiah Naidu and state Chief Minister Vasundhara Raje.
  • With this, Rajasthan became the first state to firm up
    private investments in affordable housing.
  • Out of these 27 MoUs, 14 MoUs were for promoting housing
    projects with an investment of 9273 crore rupees. These 14 housing related
    investment projects are expected to provide employment to 26650 persons. Total
    employment from the 27 MoUs signed today is expected to be 38950.
  • Tata Housing Development Company Ltd has committed to invest
    2000 crore rupees in affordable and mixed use township over an area of 10.12
    hectares. While, Mahima Real Estate Private Ltd has signed MoU with the state
    government to invest 1700 crore rupees in affordable housing and group housing.

Ministry of Shipping
launched a programme to develop 78 Lighthouses as tourism centers
  • The Ministry of Shipping along with the Directorate General
    of Lighthouses and Lightships (DGLL) on 13 October 2015 launched an ambitious
    programme to develop 78 lighthouses in the country as centres of tourism in the
    first phase under Public Private Partnership (PPP).
  • The identified lighthouses are in Gujarat, Maharashtra, Goa,
    Karnataka, Kerala, Lakshadweep, Tamil Nadu, Puducherry, Andhra Pradesh, Odisha,
    West Bengal and Andaman and Nicobar Islands.
  • The land adjacent to these lighthouses will have hotels,
    resorts, viewing galleries, maritime museums and heritage museums, adventure
    sports facilities, thematic restaurants, souvenir shops, LASER shows, spa &
    rejuvenation centers, amphitheaters and allied tourism facilities to attract
    the tourists.

Delhi government
launched Bill Banvao, Inaam Pao scheme
  • The Delhi Government on 13 October 2015 launched Bill
    Banvao, Inaam Pao scheme to encourage people to receive or demand proper bills
    for purchases.
  • Citizens will be eligible for the scheme only on a bill or
    cash memo/retail invoice of not less than 100 rupees for purchases made from a
    registered dealer in Delhi. The maximum prize to be given under the scheme is
    50000 rupees.
  • To avail the reward, the purchaser can upload the bill/cash
    memo on the website of the Department of Trade and Taxes within seven days of
    purchase.  A snapshot of the bill can
    also be sent to the designated number of the department through Whatsapp. After
    the bill is sent to the department, a unique ID will be generated for each bill
    and sent to the customer via SMS.

Tamil Nadu Government
banned drug Ketoprofen to save vultures
  • Tamil Nadu in the second week of October 2015 banned the use
    of Ketoprofen, a non-steroid anti-inflammatory drug (NSAID), which is used
    extensively for veterinary purposes. The step has been taken to save critically
    endangered vultures in the state.
  • As per the announcement of the state’s Directorate of Animal
    Husbandry, the use of drug will be discontinued in Erode, Coimbatore and the
    Nilgiris, where the vulture population is in danger.
  • The Tamil Nadu Government had included Ketoprofen based on
    an effort to identify an alternative to the banned drug Diclofenac.

& Honors –
Arun Jaitley chosen
‘Finance Minister of the Year, Asia’ by Emerging Markets

  • Union Finance Minister Arun Jaitley was chosen as ‘Finance
    Minister of the Year, Asia’ by London-based publication Emerging Markets in
    October 2015.
  • The magazine in an article said that Jaitley too deserves
    some recognition for India’s relative economic success over the last 18 months.
    It says that without his decisions and stewardship of India’s financial
    direction, India would not have achieved what it has.
  • Apart from this, Atiur Rahman, the Governor of Bangladesh
    Bank was named as the Central Bank Governor of the Year, Asia 2015. He was
    awarded for generating considerable strength and resilience in the economy of
  • In 2014, the magazine had named governor of the Reserve Bank
    of India, Raghuram Rajan for Central Bank Governor of the Year award for Asia.
    In 2010, it also chose Pranab Mukherjee as ‘Finance Minister of the Year,

Al-Quds University
conferred Honorary Doctorate on President Pranab Mukherjee
  • Al-Quds University on 13 October 2015 conferred Honorary
    Doctorate on President Pranab Mukherjee at a ceremony held in Ramallah.
  • On the occasion, the President announced the setting up of
    an India-Chair in the Al Quds University.

Jamaican writer
Marlon James won the 2015 Man Booker Prize for Fiction

  • Jamaican writer Marlon James on 13 October 2015 won the 2015
    Man Booker Prize for Fiction for his novel A Brief History of Seven Killings.
    With this, James became the first Jamaican author to win the prize in its
    47-years of history.
  • James was honoured with the prize money of 50000 Euros, a
    trophy and a designer bound edition of his book. He was also awarded with
    additional 2500 Euros for being shortlisted for the prize.
  • James’s name was shortlisted from a list of writers
    including Sunjeev Sahota, Chigozie Obioma, Hanya Yanagihara, Anne Tyler, Tom
    McCarthy and Marlon James.

Alexander Lukashenko
won Presidential election of Belarus for the 5th time
  • Alexander Lukashenko on 11 October 2015 won Belarusian
    presidential elections with over 83.5 percent of the votes. With this, the
    61-year-old, who has governed the former Soviet republic almost unchallenged
    for 21 years, will be in power for the fifth time.
  • His closest rival, Tatiana Karatkevich, won 4.4 percent,
    with turnout at 87 percent.
  • Some 5.1 million out of the nearly 7 million registered
    voters cast their ballots in favour of the four terms President. This landslide
    victory exceeded Lukashenko’s 2010 victory that saw him re-elected with 80% of
    the vote.

Twitter names Omid
Kordestani as executive chairman

  • Twitter has appointed Omid Kordestani, a former chief
    business officer of Google, as its new executive chairman.
  • Tha announcement comes a day after the microblogging site
    announced laying off 336 people as part of its restructuring efforts.
  • Kordestani joined Google in 1999, leading worldwide revenue
    generation efforts and operations of the sales organisation.
  • As Google’s chief business officer since 2014, he oversaw
    all revenue and customer operations, as well as marketing and partnerships.
  • After Google’s reorganisation into Alphabet Inc in August,
    Kordestani stepped down to take over the role of advisor at Alphabet.

Shweta Rathore became
first Indian female bodybuilder to win silver in Asian body building

  • Indian female bodybuilder Shweta Rathore in first week of
    October 2015 won a silver medal in the 49th Asian Bodybuilding and Physique
    Championship, held in Uzbekistan. With this, she became the first ever Indian
    female bodybuilder to win a medal at a continental level tournament.
  • Shweta, an engineer by qualification, won silver in the
    Women’s Fitness Physique category and qualified for the World Championship, to
    be held in Thailand in November 2015.
  • Mumbai based Rathore has been the flag-bearer for women’s
    bodybuilding in India and have participated in several tournaments across the
    world. Earlier, she won a bronze medal at the the World Bodybuilding and
    Physique fitness Championship.


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