Daily Current Affairs Updates– 23rd October 2015

    Daily Current Affairs Updates– 23rd October 2015
    Daily Current Affairs Updates– 23rd October 2015:
    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.

    1).The5th edition of India-China Joint Military Training ExerciseHand in Hand 2015 concluded atKunming Military Academy in Yunnan province of China which had started on12 October 2015
    ·        The12 day exercise concluded with a Joint Field Exercise between armies of both countries followed by a closing ceremony
    ·        Participating troops from both sides learned and trained together with each other in mixed groups on the following skills
    a)   Basic Individual Skills
    b)   Comprehensive Combat Skills
    ·        Objectivesof Exercise
    a)   To exchange experience on counter-terrorist training
    b)   To enhance mutual trust and understanding
    c)   To promoted healthy military relations between the two armies
    2).Prime MinisterNarendra Modi laid the foundation stone ofShri Venkateswara Mobile and Electronics Manufacturing Hub in Tirupati, Andhra Pradesh
    ·        It is country’s1st dedicated mobile manufacturing electronics cluster to be established in lines with Union Government’s flagshipMake in India initiative
    ·        Foxconnstarted its operations in this hub for manufacturing the following brands
    a)   Xiomi
    b)   Gionee
    ·        The following are the other mobile brands that are planning to start their manufacturing operations in this hub
    a)   Micromax
    b)   UTL (Karbonn)
    c)   Celkon
    ·        It is expected to create more than10,000 jobs within a year
    ·        By2019, it will contribute at least5% of the all-India target of15 lakh jobs
    ·        Union Government has establishedFast Track Task Force (FTTF) to promote mobile handset manufacturing eco-system in India
    3).Union Urban Development Ministry cleared the 1st batch of projects under the flagship scheme ofAtal Mission for Rejuvenation and Urban Transformation (AMRUT) by allocatingRs. 2,786 crore to facilitate development projects without any financial delays
    ·        This has been implemented in89 cities from the following 3 states
    a)   Andhra Pradesh
    b)   Gujarat
    c)   Rajasthan
    ·        These 3 states had submitted around143 projects which have been approved after a reviewing of Union Urban Development Ministry
    ·        Union Urban Development Ministry approved theState level development plans unlike the past practice of appraising and approving individual projects for the1st time
    4).Reserve Bank of India (RBI) issued guidelines allowing banks to fix their own interest rates on gold deposits under theGold Monetisation Scheme
    ·        Union Government had given its approval to Gold Deposit and Monetisation Scheme in order to mobilize a part of an estimated20,000 tonnes of precious metal lying idle with households and institutions into the banking system
    ·        Banks are free to set interest rate such as principal and interest on the deposit denominated in gold
    ·        Designated banks will accept gold deposits under the following Government Deposit Schemes
    a)   Short Term Bank Deposit (1-3 years)
    b)   Medium(5-7 years)
    c)   Long term(12-15 years)
    ·        Short term bank deposits will be applicable for the following ratios
    a)   Cash reserve ratio (CRR)
    b)   Statutory liquidity ratio (SLR)
    ·        There is no bar for maximum gold deposit but the minimum deposit at one time should be raw gold equivalent to30 grams of 995 fineness standard
    ·        The designated banks may sell or lend the gold accepted under the deposit toMetals and Minerals Trading Corporation (MMTC) of India for mintingIndia Gold Coins(IGC) and to jewellers or sell it to other designated banks
    5).Zimbabwean PresidentRobert Mugabe won the2015 Confucius Peace Prize ofChina for his inspirational leadership and service to pan-Africanism and African independence
    ·        Mugabe is thefounding leader of Zimbabwe and has ruled the country since it gained independence in1980 from United Kingdom
    ·        He was elected as Prime Minister in 1980 and served in that office till1987
    ·        He became Zimbabwe’s1st President in December 1987 and since then he is in office for past 28 years
    ·        In January 2015, he was appointed asChairman of African Union (AU)
    ·        TheConfucius Peace prize was established in 2010 by China’s Communist Government after it was angered by Nobel Peace Prize being awarded to imprisoned Chinese dissidentLiu Xiaobo
    ·        The Prize is considered as Chinese equivalent of theNobel Peace Prize
    ·        It is bestowed for promotion of world peace from the21st-centuryinterpretation of Confucianism i.e. universal harmony in the world
    ·        The award carries monetary prize of500,000 Renminbi i.e.,80,000 dollars

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