Daily Current Affairs Updates– 29th October 2015

    Daily Current Affairs Updates– 29th October 2015
    Daily Current Affairs Updates– 29th 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.

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    1).Union Ministry ofHuman Resources Development(HRD) notified the appointment of a5 membercommittee to review the research grants offered byUniversity Grants Commission (UGC)
    ·        ThisReview Committee will submit its report to the Ministry byDecember 2015
    ·        The following are theobjectives orTerms of Reference of the Committee
    a)   To determine the feasibility of enhancing the coverage ofAll India National Eligibility Test(NET) fellowships based on merit
    b)   To establish a transparent system for transfer of fellowship amounts to non-NET fellows every month without the use ofDirect Benefit Transfer (DBT) mandated by the Government
    c)   To consider eligibility criteria based economic and non-economic conditions for the fellowship
    d)   To bring opportunities and benefits of theNon-NET fellowship schemes to more number of Universities includingState Universities
    ·        The ministry has also directed the UGC not to implement its decision to discontinue thenon-NET fellowships and continue all existing fellowships
    2).Madhya Pradesh governmentdecided to increase the reservation to women in government jobs from30% to 33% in the state cabinet meeting presided over by Chief MinisterShivraj Singh Chouhan
    ·        The following are theother decisions taken in the state cabinet meeting
    a)   Decision to approve a proposal providing compensation to farmers i.e. they have to repay onlyRs. 90,000 on a loan ofRs. 1 lakh
    b)   It was also decided to give monthly pension ofRs. 2500 to the relatives of those who were killed inanti-Sikh riots of1984 in the state
    ·        State Government has forwarded these proposals to theElection Commission of India (ECI) for its approval asModel Code of Conduct
    3).IndiaandFrance aMoU to conserve, develop and publicize written heritage at theNational Library in Kolkata, West Bengal
    ·        Union Ministry of Culture is emphasizing on building project ofNational Virtual Library(NVL) in India which will store and share numerous manuscripts, archives, artworks etc
    ·        Features of MoU
    a)   Entails development of digital co-operation, competency and skill-building, sharing of technical and other expertise and cultural co-operation between the two countries
    b)   It will assist a programme on digitization of old manuscripts and documents which had begun in France 7 years ago
    c)   It will also make Indian side to gain experience and high quality expertise in this field from France
    ·        The MoU was signed by the followingdignitaries from both sides
    a)   Sreya Guha– Joint Secretary of Library in the Union Ministry of Culture
    b)   Bruno Racine – President of the National Library of France
    4).Union Finance MinisterArun Jaitleylaunched ane-Sahyogpilot project ofIncome-Tax Department to facilitate taxpayers to reduce their need to physically appear before tax authorities at a function in New Delhi
    ·        This project was launched in line with Union Government flagshipDigital India initiative
    ·        Aimof e-Sahyog – To reduce compliance cost, especially for small taxpayers and provide an online mechanism to resolve mismatches in Income-tax returns
    ·        IT Department will provide an end to end e-service using SMS, e-mails to inform the tax assesses of the mismatch
    ·        By using this service taxpayers will simply need to visit thee-filing portal and log in with theiruser-IDandpassword
    ·        It will help them to view mismatch related information and submit online response on the issue without physically appearing before tax authorities
    ·        PAN Camps
    a)   The Finance Minister also launched a campaign to provide public service at people’s door step by holding specialPAN camps in remote areas
    b)   It is the first instance IT Department facilitating in such areas for obtaining ofPAN card by persons residing
    c)   Special camps will be held over for two days at43remote, semi urban and rural locations across the country under this campaign
    5).Nepalsigned a MoU withChina to import all kinds of fuel in order to ease fuel crisis in the country
    ·        This is the1st time that China is commercially supplying petroleum to Nepal and already had agreed to donate1.3 million litres of petrol to the landlocked country
    ·        Presently, Nepal is facing continued protests and economic blockade at key border trade points with India over the adaptation ofnew Republic Constitution
    ·        With this Nepal may end a long-held monopoly of buying fuel from theIndian Oil Corporation (IOC) as it had traditionally relied on its southern border crossings with India for trade
    ·        Nepal used to buy around1.3 billion dollars ofgasolinefrom IOC annually
    ·        The MoU between Nepal and China was signed by the following2 organizations
    a)   Nepal Oil Corp (NOC)
    b)   China National United Oil Corporation (PetroChina)
    6).Bidhya Devi Bhandariof the rulingCommunist Party of Nepal(Unified Marxist Leninist)-CPN-UML has been elected as1st femalePresidentof Nepal
    ·        President of Nepal is ceremonial head of state, under the new Republican Federal Constitution of Nepal
    ·        She succeeded –Ram Baran Yadav
    ·        Previously, she wasdeputy leader of the CPN-UML party led by incumbent Prime MinisterKhadga Prasad Oli
    ·        She was born in June 1961 in Bhojpur, Nepal
    ·        She became the1st President under newly promulgated Constitution of Nepal and2ndPresident since Nepal became arepublicafter abolishing the centuries-old monarchy
    ·        She defeated her opponentKul Bahadur Gurung of theNepali Congress by securing 327 to 214 votes out of total 549 votes
    ·        Under the country’s new Constitution promulgated on20thSeptember 2015 it was mandatory for Parliament to conduct election for the following posts
    a)   President
    b)   Vice-President
    c)   Prime Minister
    d)   Parliament Speaker
    e)   Deputy speaker
    ·        Earlier, Bandhari had also served asDefence Minister of the country and has been anactive campaignerfor women’s rights
    7).TheAsia Pacific region is declared as the most disaster prone part of the world in the2015 United Nations Asia-Pacific Disaster Report that was released recently
    ·        It had suffered around1,625 disasters in the decade through2014
    ·        Featuresof 2015 United Nations Asia-Pacific Disaster Report 
    a)   Disasters in Asia Pacific region accounted for40% of the global total and claimed overhalf a million of livesover the decade
    b)   The disasters in past decade have affected around1.4 billion peopleand caused over523 billion dollarsin economic damage
    c)   Around772 million poor people from this region which tends to be worlds populous region are vulnerable to disasters
    d)   The largest losses are linked to frequent floods and earthquakes in this region
    e)   Majority of disasters are cross-border in nature including floods, cyclones, droughts and earthquake
    f)    UNhas urged the region’s governments to invest more in adapting and preparing for disasters may worsened by its rapid economic growth and mushrooming population
    g)   The region needs to spend more onadapting to climate change and preparing for more extreme weather and disaster risks
    8).US Senate passedCyber Security Legislationas a critical step to address cyber threats and ensure tools are in place in to deter futurecyber-attacks
    ·        It was passed by74 votes in favour of it and 21 votes against it
    ·        Aim– to help in preventing future cyber-attacks by facilitating a common awareness in the cyber realm
    ·        The bill reconciles with the earlier-passedHouse Cyber Security Bill
    ·        It encourages private companies to voluntarily share information related to cyber threat with the government and one another
    ·        It also provides private companies immunity for sharing the information from lawsuits by consumers and shareholders
    9).Britain’s most prominent Indian-origin peers and Curry KingLord Gulam Kaderbhoy Noon passed away in London
    ·        He was pioneer in introducing mildly spiced Indian curry cuisine to the high streets of United Kingdom through his entrepreneurial ventures
    ·        He was a long-time supporter and donor of theLabour Party of UK
    ·        He had served asChancellor of the University of East Londonin 2013
    ·        He was born on 24 January 1936 inMumbai, India
    ·        He had permanently immigrated to United Kingdom in1972
    ·        He had successfully establishedNoon Products Business comprising number of food product companies inSouthall, London
    ·        His companies manufactured over500 different chilled and frozen ready meals and gave UK the taste for mildly spiced Indian food
    ·        The following are theawards and honours received by him
    a)   Member of the Order of the British Empire (MBE) – 1996 for his service to food industry
    b)   Lifetime Achievement Award by Britain’s Opposition party – 2015

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