6 Oct 2016

Daily Current Affairs Updates – 6th October 2016

 
Daily Current Affairs Updates–6th October 2016:
Daily Current affairs News Updates about the National and International events were listed here. Candidates those who are preparing for IBPS/SBI/PO/Clerk exam and all other competitive exams can use this.

NATIONAL
India will host Asian Conference on Disaster Reduction

i. India is hosting the Asian Ministerial Conference for Disaster Risk Reduction (AMCDRR) in November 2016 at New Delhi in collaboration with the United Nations Office for Disaster Risk Reduction (UNISDR).
ii. This is the first AMCDRR after the advent of the Sendai Framework for Disaster Risk Reduction (SFDRRR), adopted at the third UN World Conference in Sendai, Japan in March, 2015.The Prime Minister Narendra Modi will inaugurate the Conference.
iii. India had also hosted the second AMCDRR in New Delhi in 2007.The Conference will adopt the ‘Asian Regional Plan for Implementation of the Sendai Framework’ endorsed by the Asian countries.
United Nations Office for Disaster Risk Reduction (UNISDR)
Headquarters:Geneva, Switzerland
Head:Robert Glasser

Union Cabinet approves setting up of India's first Medipark in Tamil Nadu

ii. The Union Cabinet chaired by Prime Minister Narendra Modi gave its nod to the PSU under the Health Ministry to sub-lease 330.10 acres of land at Chengalpattu near Chennai to set up the Medipark through a Special Purpose Vehicle (SPV) with shareholding of HLL at 50 per cent.
"The Medipark project will be the first manufacturing cluster in the medical technology sector in the country, envisaged to boost local manufacturing of hi-end products at a significantly lower cost, resulting in affordable healthcare delivery, particular in diagnostic services to a large section of people," an official statement said.
Tamil Nadu
CM:J. Jayalalithaa
GOVERNOR:C. Vidyasagar Rao
CAPITAL:Chennai
INTERNATIONAL

Brazilian scientists have discovered the largest dinosaurs.

i. The dinosaur, named “Austroposeidon magnificus,” belonged to the group of titanosaurs, which were herbivorous dinosaurs with a well-developed body, a long neck and tail and a relatively small skull.
ii. It is believed that these dinosaurs lived during the Cretaceous Period (145-66 million years ago) in regions that are currently part of South America, Africa, Antarctica and Oceania.
Poland parliament rejected the plan for a near-total ban on abortion.
Poland’s parliament has voted overwhelmingly to reject a controversial citizens’ bill for a near-total ban on abortion.
iii. Under the rejected plans, abortion would have been allowed only in the event of a direct danger to the mother’s life, but no longer – as at present – in cases of rape, incest or serious health issues for the mother or when the baby is likely to be permanently handicapped.
BANKING NEWS

Finance Ministry sets up Public Debt Management Cell

i. The Union Finance Ministry has set up a Public Debt Management Cell (PDMC) to streamline government borrowings and better cash management with the overall objective of deepening bond markets.
The PDMC, to be housed at RBI's Delhi office, is an interim arrangement and will be upgraded to a statutory Public Debt Management Agency (PDMA) in about two years. In his Budget speech, Finance Minister Arun Jaitley had proposed to set up PDMA to deepen Indian Bond market.
In a circular, the Ministry said, the interim arrangement will allow separation of debt management functions from RBI to PDMA in a gradual and seamless manner, without causing market disruptions. It said, PDMC will have only advisory functions to avoid any conflict with the statutory functions of RBI.
PDMC has been tasked to plan government borrowings, including market borrowings and other borrowings, like Sovereign Gold Bond issuance. It will also advise government on matters related to investment, capital market operations, administration of interest rates on small savings among others. The circular also said, the middle office of the Budget Division will be subsumed into PDMC with immediate effect.
BUSINESS NEWS
Minimum Import Price on 66 Steel Products
i. The government has extended the minimum import price (MIP) on 66 steel products by another two months to protect the industry against cheap imports. The 66 products include semi-finished products of iron or non-alloyed steel, flat rolled products of different widths, bars and rods.
ii. In August this year, the Directorate General of Foreign Trade (DGFT) had extended MIP on the same products of iron and steel till October 4. MIP had first come into place in February this year on 173 steel products in range of USD 341-752.
iii. India’s steel industry has been suffering not only due to cheap imports from countries like China, Japan and Korea, but also due to the recent fall in steel prices gloablly. The top steel companies had reached out to the government early this year to impose MIP on imports to safeguard the domestic industry against imports.
COMMITTEES
GS Jha Committee Setup on Cauvery Basin
i. Ministry of Water Resources, River Development and Ganga Rejuvenation has constituted a high level technical team to visit the Cauvery basin area to assess the ground realities in the basin. GS Jha, Chairman, Central Water Commission (CWC) will be the Chairman of this team.
ii. The other member of the team are S Masood Husain, Member (WP&P), CWC, RK Gupta, Chief Engineer, Krishna and Godavari Basin Organization, CWC, Hyderabad, Chief Secretary or his representative from the States of Tamil Nadu and Karnataka and One Chief Engineer each from the States of Tamil Nadu, Karnataka, Kerala and UT of Puducherry.
AGREEMENTS & MoUs
Election Commission of India Partners With Facebook to Register Voters
i. In a first-of-its-kind initiative in the country, social networking site Facebook is partnering with the Election Commission of India in five states going to polls next year to run a voter registration drive aimed at encouraging youth to participate in the democratic exercise.
ii. Facebook is collaborating with the Election Commission and the office of Chief electoral officers in poll-bound Uttar Pradesh, Punjab, Goa, Manipur and Uttarakhand for the first time in the country to run a voter registration drive, Chief Electoral Officer Radha Raturi said.
iii. With over 155 million people in India on Facebook, the 'Register to vote' button is designed to encourage citizens across these five states to exercise their vote in the upcoming elections.
India – Switzerland Signs 3 Agreements
i. The Union Home Minister Rajnath Singh met the visiting Minister for Justice and Police of Switzerland Ms. Simonetta Sommaruga.
ii. India and Switzerland signed three agreements including Mutual Visa Exemption Agreement for Holders of Diplomatic Passports, Technical Arrangements on Identification and Return of Illegal Migrants and Arrangement for Dependent Person of Diplomatic, Consular, Technical and Administrative Staff of Diplomatic and Consular Mission to Perform Gainful Employment.
Rajnath Singh proposed training facilities for Indian Police Officers in Switzerland Police Academies/other Training Institutes in the fields of Anti-Hijacking and Cyber Forensic etc.
Switzerland
President: Johann Schneider-Ammann
Capital: Bern
Currency:  Swiss franc (CHF)
PwC and Microsoft Forms an Alliance
i. Consultancy firm PwC India has formed a alliance with Microsoft India to empower Indias digital transformation.
PwC has also joined Microsoft’s Cloud Solution Provider (CSP) programme which will enable them to provide their advisory and other solutions at scale, securely to all their customers.
ii. PwC will extend Microsoft’s outreach to organisations of all sizes and across many industries, such as financial services (banking and insurance), government and public sector, manufacturing, consumer goods and durables, retail/e-commerce, healthcare and pharma, to help start their cloud and digital journey.
OIL MoU With University of Houston
i. Oil India Limited (OIL), Indian government PSU has entered into a MOU with the University of Houston(USA).
The MoU is focused to collaborate in the fields of Improved Oil Recovery & Enhanced Oil Recovery for production enhancement from matured fields, seismic interpretation & reservoir characterisation studies, improvement of drilling and well intervention practices and unconventional hydrocarbon studies.
APPOINTMENTS
CBDT Gets New Chief: Sushil Chandra
i. Indian Revenue Service officer Sushil Chandra was appointed chairperson of the Central Board of Direct Taxes (CBDT). CBDT is the apex policy making body for the Income Tax department.
Chandra, a 1980 batch officer of Indian Revenue Service (Income Tax cadre), is currently Member (Investigation) of the CBDT.
Portuguese former PM Antonio Guterres poised to be next UN chief
i. Portugal’s former premier Antonio Guterres is set to become the next UN Secretary-General after the Security Council in the sixth straw poll conducted today declared him to be the unanimous choice.
ii. Russia’s envoy to the UN and President of the Council for October Vitaly Churkin announced that after the sixth straw poll, Guterres has emerged as the “clear favourite” even as hopes for a woman to succeed Ban Ki-moon as the world’s top diplomat suffered a major setback.
Mohan Reddy appointed honorary consul of Germany
i. B.V.R. Mohan Reddy, Founder and Executive Chairman Cyient Ltd., has been appointed the honorary consul of Germany. German Ambassador to India Martin Ney announced this. As honorary consul, Mohan Reddy will work towards further strengthening the collaboration between the two nations; promoting culture, industry and commerce, facilitating investments, educational exchange and enhancing goodwill.
ii. The office of the honorary consul will also provide limited consular assistance in the state of Andhra Pradesh and Telangana and support the German citizens within the two states.
Paytm Appoints Madhur Deora
i. Payments solution provider Paytm has appointed former Citigroup banker Madhur Deora as CFO and Senior Vice President.
ii. Deora will report to Paytm’s founder Vijay Shekhar Sharma and will primarily head initiatives for fund raising, acquisitions and also oversee business partnerships.

AWARDS
Earth Science Olympiad Winners
i. Three Indian high school students who won four silver medals in the 10th International Earth Science Olympiad, MIE Japan, met Minister for Earth Sciences, Dr. Harsh Vardhan.
ii. This year the 10th International Earth Science Olympiad (10th IESO) was held from 21th to 27th August 2016 at Mie, Japan. The theme logo of IESO-2016, Japan was “Our Future: Earth and Space”.
iii. This year 26 countries with four students from each country participated in this event (a total of 201 students) barring Malawi (one student only).
The Indian team was represented by four students: Aditya pal, (Kolkata), Amarjeet Pandde (Mumbai), Guhan Narayanan (Bangalore) and Divyansh Joshi (Udaipur).
Aditya Pal, (Kolkata), Amarjeet Pandde (Mumbai) and Guhan Narayanan (Bangalore) were awarded silver medals. Guhan Narayanan won another silver medal for India in the team event.
SCIENCE & TECHNOLOGY
Isro's GSAT-18 was successfully launched today from Kourou, French Guiana
i. Launch of India's communication satellite GSAT-18 had been postponed by a day due to heavy cross winds GSAT-18 is designed to provide continuity of services on operational satellites in C-band & Ku-bands
GSAT-18 that aims at providing telecommunications services for the country by strengthening Isro's current fleet of 14 operational telecom satellites was launched into a Geosynchronous Transfer Orbit (GTO) about 32 minutes after the lift-off.
"GSAT-18 successfully launched by Ariane-5 VA-231 from Kourou, French Guiana," Bengaluru-headquartered Isro announced after the mission.
SPORTS NEWS
15-year-old Indian girl wins U-16 World Chess C'ships
i. India's Aakanksha Hagawane won the girls' U-16 title at the World Youth Chess Championships in Russia. The 15-year-old, who won gold in the U-16 Commonwealth Championships earlier this year, finished with nine points from 11 games, winning eight matches, losing one and drawing two. Aakanksha, a wholesale vegetable seller's daughter, has been trained by a former national player.
Gaganjeet Bhullar wins 2016 Shinhan Donghae Open
i. India’s Ganganjeet Bhullar on 2 October 2016 won the 2016 Shinhan Donghae Open in South Korea. It is his sixth title on the Asian Tour.
ii. Bhullar carded a final round four-under-par 67 for a tournament total of 15-under 269 at the Bear’s Best Cheongna Golf Club in Incheon.Scott Vincent of Zimbabwe and South Korea’s Kim Tae-woo finished a stroke behind.
BOOKS AND AUTHORS
Venkaiah Naidu releases book titled Modi’s Midas Touch in Foreign Policy
i. Modi’s Midas Touch in Foreign Policy: Surendra Kumar M. Venkaiah Naidu, Minister for Information and Broadcasting, released the book titled Modi’s Midas Touch in Foreign Policy. The book is authored by Ambassador Surendra Kumar.

 


 


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