Important Daily Current Affairs Updates – 12th October 2017 

Important Daily Current Affairs Updates – 12th October 2017 

Dear Readers, Daily Current Affairs News Updates about the National and International events were listed here. Read Current Affairs Today here and stay updated with current news. Candidates those who are preparing for IBPS/SBI/PO/Clerk exam and all other competitive exams can use this and try Current Affairs Quiz to test your knowledge level.

STATE

Bihar Cabinet Approves Reservation for ‘Divyangs’ in Govt Jobs

The Bihar Cabinet has approved reservations for persons with disabilities in government jobs and educational institutions. The cabinet gave its approval during a meeting presided by Chief Minister Nitish Kumar. The provision has been brought in accordance with the Persons With Disabilities Act, 2016. The cabinet also approved establishment of a state advisory board for the empowerment of ‘Divyangjan’ as envisaged in the Act.

Useful Info

State – Bihar

Capital – Patna

CM – Nitish Kumar

Governor – Satya Pal Malik

NATIONAL

PM Modi’s Economic Advisory Council Holds its First Meeting

The recently constituted Economic Advisory Council to the Prime Minister (EAC-PM) held its first meeting in New Delhi to deliberate upon and lay out a roadmap to give a leg up to the Indian economy in the short term after GDP growth for the first quarter fell to a three-year low of 5.7%. The EAC-PM is chaired by Dr. Bibey Debroy. Key issues for the discussion include ways to boost consumer demand, attract private investments and measures to incentivize job creation in the country, people familiar with the agenda said.

Useful Info

Present PM of India – Narendra Modi

Union Minister for Finance – Arun Jaitley

INTERNATIONAL

India is Second Largest Market for Pharma: LinkedIn Report

With 13.7 percent contribution to the global pharmaceuticals and biotechnology workforce, India has emerged as the second largest market for the industry, a report by professional networking giant LinkedIn has revealed. The report, detailed in the newly released e-book “The Indian Pharma and Biotech Industry”, showed that while New Delhi, Kolkata, and Chandigarh are thriving grounds for talent in this sector in India, talent migration is highest to the US. Talent migrating to other countries mainly comprises of researchers, scientists, quality assurance professionals, statistics programmers and data analysts.

Useful Info

CEO of LinkedIn – Jeff Weiner

BANKING & ECONOMY

HSBC Launches App to Track Trade Transactions

HSBC (Hongkong and Shanghai Banking Corporation) announced the launch of a mobile app – Trade Transaction Tracker – to help customers track the status of their trade transactions on a real-time basis. This feature has been built into the existing HSBCnet mobile application and has been launched in selected countries in which HSBC operates, including India. It will provide a global view of import and export documentary credit and collections transactions, across markets in one single app.

Useful Info

HSBC Headquarters – London, United Kingdom

SBI to Set Up Country’s Largest Innovation Centre at Mumbai

The nation’s largest lender State Bank of India is creating a 15,000-sqft innovation center in Navi Mumbai investing around Rs 100 crore. The center, to be built at its Global IT Centre in Belapur in Navi Mumbai, will be the largest innovation center by any financial services company in the country. The innovation center is part of a Rs 200-crore allocation that the bank has earmarked for innovation 2016.

Useful Info

SBI Headquarters – Mumbai

Present Chairman of SBI – Rajnish Kumar

APPOINTMENT

Axis Bank Appoints Sangram Singh as Freecharge CEO

Axis Bank Ltd has recently completed the acquisition of mobile wallet firm Freecharge and appointed Sangram Singh as its CEO.  He has replaced Jason Kothari. Freecharge presently has a revenue of about Rs80 crore. Snapdeal had bought Freecharge in April 2015 for an estimated $400 million or over Rs2,500 crore at current rates.

Useful Info

Axis Bank Headquarters – Mumbai

MD & CEO of Axis Bank – Shikha Sharma

Anupam Kher Succeeds Gajendra Chauhan as FTII Chairman

Actor Anupam Kher has been appointed the new chairman of Film and Television Institute of India (FTII), located in Pune. He succeeds former television actor Gajendra Chauhan. Mr. Kher has appeared in over 500 films and has been part of the theatre circles. He has previously held the post of chairman of the Central Board of Film Certification and the National School of Drama.

Useful Info

Anupam Kher is a recipient of the Padma Shri in 2004 and the Padma Bhushan in 2016.

FTII – Film and Television Institute of India

AGREEMENT

LG India Ties up with Bajaj Finserv

Consumer Electronics major LG Electronics India announced the launch of an exclusive OEM co-branded card in partnership with Bajaj Finserv. As per the company, the co-branded card will enable customers to buy all LG products at no-cost EMI option across all LG formats. It will be available to customers buying LG products on a minimum invoice amount of Rs 7,000 and maximum of up to Rs 2 lakh.

Useful Info

LG – South Korean Electronics Company

MD of LG Electronics India – Kim Ki Wan

AWARD

National Award for Boxing Coach Sandhu & Dr. Bindeshwar Pathak

President Ram Nath Kovind gave away the National award for senior citizens to Indian boxing coach Gurbax Singh Sandhu and Lal Bahadur Shastri National Award for Excellence in Public Administration, Academics and Management for 2017 to Dr. Bindeshwar Pathak. Gurbax Singh Sandhu has been coaching both the men and women boxers. Sandhu was India’s longest-serving men’s national coach, for two decades. Dr.Bindeshwar Pathak is the founder of Sulabh International.

Useful Info

Present President of India – Ram Nath Kovind

Vice President of India – Venkaiah Naidu

SPORT

Indian Pacer Ashish Nehra has Announced Retirement

Indian pacer Ashish Nehra has confirmed his retirement from International Cricket. He will play his last match against New Zealand on November 1, 2017. The 38-year-old has represented India for 18 years. He has played 17 Tests, 120 ODIs and 26 T20Is for India, taking 235 international wickets.

Useful Info

Ashish Nehra has picked up 235 wickets across all three international formats so far

Gurusaidutt Wins Bulgarian International Tournament

Commonwealth Games bronze medallist RMV Gurusaidutt clinched the men’s singles title at the Bulgarian International Future Series tournament. Gurusaidutt has defeated Muhammed Ali Kurt (Turkey) in a 35- minute match. Gurusaidutt will also participate in Senior Nationals Championship in November 2017.

Useful Info

Country – Bulgaria

Capital – Sofia

Currency – Bulgarian lev

Indian Pair Win Gold at World Archery Youth Championship 2017

Mixed pair of Jemson Ningthoujam and Ankita Bhakat clinched the gold medal as India returned with three medals from the World Archery Youth Championship in Rosario, Argentina. This is India’s first world title at the youth championships since Deepika Kumari’s victories in 2009 and 2011. India also bagged one silver and one bronze in a promising show by the youngsters.

Useful Info

Country – Argentina

Capital – Buenos Aires

Currency – Argentine Peso

FIFA Suspends Pakistan Football Federation

FIFA has decided to suspend the Pakistan Football Federation (PFF) with immediate effect in accordance with the decision of the Bureau of the FIFA Council on account of undue third-party interference. The national and club teams will not be allowed to take part in international competitions till the suspension is lifted. FIFA suspended PFF since its accounts were in control of a court-appointed administrator, which is against FIFA rules. The suspension will be lifted when the body becomes independent.

Useful Info

FIFA – Fédération Internationale de Football Association

Headquarters of FIFA – ‎Zürich, Switzerland

President of FIFA – Gianni Infantino

 

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