Daily Current Affairs Updates– 24th September 2015

    Daily Current Affairs Updates– 24th September 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.

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    1). TheWorld Anti Doping Agency (WADA) signed a MoU with theSports Ministry of China to crack down on the supply and manufacture ofPerformance Enhancing Drugs (PEDS) in China
    ·        China is world’stop producer and exporter of PEDS which are manufactured and trafficked by underground labs
    ·        By signing this MoU exchange of information between theInterpoland China’s law enforcement agencies will be done to target and dismantle PEDS producers and help other countries catch drug cheats among athletes
    ·        PEDS are sold online on Chinese websites and shipped to other countries by regular mail
    ·        WADA is a global non-governmental organization established in1999 under theDeclaration of Lausanne
    ·        Aim of WADA – harmonizing anti-doping regulations in all sports and countries
    ·        It is a collective initiative led by theInternational Olympic Committee (IOC)
    ·        Headquarters of WADA –Montreal, Canada

    2). TheUnion Cabinet Committee on Security (CCS) approved the implementation ofIntegrated Air Command& Control System (IACCS) project of theIndian Air Force (IAF) with allocation ofRs. 8000 crore
    ·        This decision was taken on the proposal forwarded by theDefence Acquisition Council (DAC)
    ·        DAC had approved the addition of4 more nodes of IAF’s IACCS
    ·        IACCS – is an automated command and control system forAir Defence (AD) that integrates different air sensors and radars to protect Indian airspace
    ·        The addition of 4 more nodes to the already existing 5 IACCS nodes will help IAF to cover isolated islands providing a security umbrella to India
    ·        The air headquarters will get a composite air situation picture as the following radars will be integrated
    a.   Air Force
    b.   Indian Army
    c.   Indian Navy
    d.   Civilian radars

    3).Reserve Bank of India approved domestic companies to borrow money from pension funds, Sovereign Wealth Funds (SWF) and insurance funds as part of theExternal Commercial Borrowings(ECB) to encourage overseas funding
    ·        The draft framework on ECBs seeks to lower the all-in cost borrowing by0.5% to make sure that the funds are borrowed from abroad at a reasonable interest rate
    ·        The modifications in the ECB guidelines will help replacing the ECB policy with a more rational and liberal framework
    ·        The revised framework is expected to retain more qualitative parameters for the normal ECB
    ·        The framework for therupee-denominated bonds will be announced separately
    ·        The following trusts will be permitted to raise funds
    a.   Real estate investment trust
    b.   Infrastructure investment trust

    4). IndustrialistMukesh Ambani declared as India’s richest person for the9thconsecutive year in a row in the2015 Forbes magazine’s India rich list
    ·        Mr. Ambani is the Chairman, Managing Director (MD) and largest shareholder ofReliance Industries Limited (RIL)
    ·        RIL is India’s2nd most valuable company by market value afterTata Consultancy Services(TCS)
    ·        The list was compiled using the shareholding and financial data obtained from the following sources
    a.   Individuals
    b.   Families
    c.   Stock exchanges
    d.   Analysts
    e.   Regulators
    ·        Combined wealth of India’s 100 richest persons remained largely unchanged at345 billion dollars in 2015
    ·        Co-founders of FlipkartSachin andBinni Bansal have made their debut in the list and featured at the86thposition with a net worth of1.3 billion dollars each
    ·        The following are the4 women who featured in the list with a collective wealth of 9.2 billion dollars
    a.   23rdSavitri Jindal – 3.8 billion dollars
    b.   54thLeena Tewari
    c.   57thIndu Jain – 1.9 billion dollars
    d.   74thQimat Rai – 1.4 billion dollars
    ·        The top10 rich men who featured in the list are as follows
    1.   Mukesh Ambani – 18.9 billion dollars
    2.   Dilip Shangvi – 18 billion dollars – Sun Pharma
    3.   Azim Premji – 15.9 billion dollars – Wipro
    4.   Hinduja Brothers – 15.9 billion dollars
    5.   Pallonji Mistry – 14.7 billion dollars
    6.   Shiv Nadar – 12.9 billion dollars – HCL
    7.   Godrej Family – 11.4 billion dollars
    8.   Lakshmi Mittal – 11.2 billion dollars
    9.   Cyrus Poonawala – 7.9 billion dollars
    10.Kumar Mangalam Birla – 7.8 billion dollars

    5). Marathi filmCourt has been selected as India’s official entry to theBest Foreign Language category of the88thAcademy or Oscars Awards 2016
    ·        Court is the3rdMarathi film to be shortlisted for India’s official entry to Oscars after the following 2 films
    a.   Shwaas– 2004
    b.   Harishchandrachi Factory – 2008
    ·        Court – is a courtroom drama film that examines the Indian legal system through the trial of an aging folk singer in a lower court in Mumbai
    a.   Director – debutantChaitanya Tamhane
    b.   Producer –Vivek Gomber
    c.   Cast – Vira Sathidar, Vivek Gomber, Geetanjali Kulkarni, etc.
    ·        As of now the film has won18 awards at various film festivals across the world includinghonorsat the following country’s film festivals
    a.   Vienna
    b.   Antalya
    c.   Mumbai
    d.   Singapore
    ·        It has also won theBest Feature Film award at the62nd National Film Awards in 2015
    ·        The film was shortlisted from the total30other films by theFilm Federation of India(FFI) jury headed by the film maker and directorAmol Palekar

    6). Volkswagen Chief ExecutiveMartin Winterkorn resigned after the revelation that the
    company had manipulated US diesel car emissions tests
    ·        Volkswagen – German-basedworld’s largestcarmaker in terms of sales
    ·        The company had admitted that it had deceived the US regulatorEnvironmental Protection Agency (EPA) in exhaust emissions test by installing a device to give more positive results
    ·        The media has named this manipulation issue of diesel car emissions tests asDiesel Dupe

    7). Baseball legendYogi Berra from United States who inspired the famous cartoon character ofYogi Bear passed away
    ·        He was born in1925 in Missouri, United States
    ·        He had played 19 seasons inMajor League Baseball(MLB) from 1946 to 63
    ·        Last match –1965
    ·        He had spent 19 years of his baseball career with theNew York Yankees
    ·        In1972he was elected to theBaseball Hall of Fame
    ·        He was one of the greatest catchers in baseball history
    ·        He is one of the 5 players who won theAmerican League Most Valuable Player Awardfor3 times
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