Important Daily Current Affairs Updates – 27th October 2017 

Important Daily Current Affairs Updates – 27th 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.


World Day for Audiovisual Heritage: 27th October

World Day for Audiovisual Heritage is observed globally on 27 October. “Discover, remember and share” is the theme of this year’s celebration of the WDAH. The General Conference of UNESCO approved the commemoration of a World Day for Audiovisual Heritage in 2005 as a mechanism to raise general awareness of the need to preserve and safeguard important audiovisual material for future generations.

Useful Info

UNESCO stands for the United Nations Educational, Scientific and Cultural Organization.

Director-General of UNESCO – Irina Bokova


Puducherry Becomes an Associate Member of BCCI

The Cricket Association of Puducherry (CAP) was chosen by the Committee of Administrators (CoA) as an associate member of the Board of Control for Cricket in India (BCCI). This means Puducherry will be allowed to play the Ranji Trophy in 2018.

Useful Info

Puducherry CM – V. Narayanasamy

Governor – Kiran Bedi

Chairman of BCCI is Vinod Rai

BCCI headquarters in Mumbai.

  1. Damodaran is the secretary of CAP


Saudi Arabia, First Country to Grant Citizenship to a Robot

Saudi Arabia has become the first country to give a robot citizenship. The move is an attempt to promote Saudi Arabia as a place to develop artificial intelligence and, presumably, allow it to become a full citizen. The Robot is named as ‘Sophia’. Sophia was confirmed as a Saudi citizen during a business event named Future Investment Initiative in Riyadh. It is historic to be the first robot in the world to be recognized with citizenship.

Useful Info

Country – Saudi Arabia

Capital – Riyadh

Currency – Saudi riyal

Qatar Introduces Minimum Wage for First Time

The tiny Gulf state host of the 2022 football World Cup, Qatar, has committed that it will introduce a minimum wage for workers in the country. The announcement was made by labour and social affairs minister Issa Saad al-Jafali al-Nuaimi. The announcement came a day before a meeting of the UN’s International Labour Organisation (ILO). Other reforms to labour laws include stopping employers from preventing workers from leaving the country, a new central authority to ensure that work contracts are being adhered to and bilateral agreements with 36 countries to protect the legal rights of those who head to the Gulf for work.

Useful Info

Country – Qatar

Capital – Doha

Currency – Qatari riyal

Chile Named Best Country to Visit in 2018

The travel guide company Lonely Planet has ranked Chile as the number one country to visit in 2018 in its Best in Travel 2018 list. The guide has published the 13th edition of its annual list of the top 10 countries every traveler should have on their bucket list for 2018. Chile was the only South American country to earn the top spot on the list.

Useful Info

Top 5 Countries in the list are:

  1. Chile (Santiago, Chilean peso)
  2. South Korea (Seoul, South Korean Won)
  3. Portugal (Lisbon, Euro)
  4. Djibouti (Djibouti, Djiboutian franc)
  5. New Zealand (Wellington, New Zealand Dollar)

India has 3rd Highest Number of Family-Owned Businesses: Report

India has 108 publicly-listed family-owned businesses, third highest in the world, while China tops the tally with 167 such companies followed by the US which has 121, according to the Credit Suisse report. As per the Credit Suisse Research Institute’s (CSRI) latest “CS Family 1000” report, with an average market capitalisation of USD 6.5 billion, India ranks 5th in Asia Pacific excluding Japan, and 22nd globally, in terms of average m-cap.

Useful Info

The top 5 countries in terms of number of family-owned companies include-

  1. China (Beijing, Renminbi – Yuan)
  2. USA (Washington D.C, US Dollar)
  3. India (New Delhi, Indian Rupee)
  4. France (Paris, Euro)
  5. Hong Kong (Hong Kong, Hong Kong Dollar)

Indian Origin Activist Gina Miller Named UK’s Most Influential Black Person of the Year

Indian origin campaigner Gina Miller was named UK’s most influential black person of the year. Gina won a legal challenge seeking Parliamentary approval for triggering Brexit. 52-year-old Miller, ranked on top in the 2018 ‘Powerlist’ of 100 people of African and African Caribbean inheritance published in London by Powerful Media.

Useful Info

Gina Miller is an investment fund manager and philanthropist.

She took a legal action against British Prime Minister Theresa May demanding that individual members of the Cabinet have no legal power to trigger Article 50 of the Lisbon Treaty.


SBI Slashed IMPS Service Charges up to 80%

The State Bank of India has slashed Immediate Payment Service (IMPS) charges up to 80 percent. If the users are doing an online transaction of money after selecting IMPS option, then they will have to pay 80% less charge than what they used to pay earlier. After the implementation of the revised charges, online transactions will certainly become cheaper. After the revision, no IMPS service charge will be imposed on online transactions under Rs 1000. For the transactions between Rs 1000 and Rs 10,000, the users will have to pay Re 1 while for an amount between Rs 10,001 and Rs 1,00,000, the users will be charged Rs 2. For the transactions between Rs 1,00,0001 and Rs 2,00,000, the IMPS service charge is Rs 3. All these rates are effective from 15th October 2017.

Useful Info

SBI – State Bank of India

Headquarters – Mumbai

Chairman – Rajnish Kumar

Amount (in Rupees) IMPS Charges
Upto 1000 Rs No Charge
between Rs 1000 and Rs 10,000 Rs 1
between Rs 10,001 and Rs 1,00,000 Rs 2
between Rs 1,00,0001 and Rs 2,00,000 Rs 3


GMR Hyderabad Airport, Malaysia Tourism, MAHB Sign Pact to Promote Tourism

GMR Hyderabad International Airport Ltd (GHIAL), Malaysia Airports Holdings Berhad (MAHB) and Malaysia Tourism Promotion Board (MTPB) have come together to promote the growth of tourism traffic. An MoU was inked to promote tourism from the catchment area of Hyderabad to Malaysia and also explore new locations for connectivity. Over 100,000 passengers travel between Hyderabad and Malaysia every year and the traffic has grown by 28% CAGR in the last five years.

Useful Info

GHIAL – GMR Hyderabad International Airport Ltd

CEO of GHIAL – SGK Kishore

MAHB – Malaysia Airports Holdings Berhad

Managing Director of MAHB – Mohd Badlisham Ghazali


EDII Bags AICTE Award for Supporting Start-Ups

Entrepreneurship Development Institute of India (EDII) has received an award from All India Council for Technical Education (AICTE) for supporting start-ups. The premier Institute received the award for its contribution towards promoting and mentoring technology start-ups. The award was given during the International Science Festival’s Start-up Summit 2017 at Chennai.

Useful Info

Sunil Shukla is the present Director of EDII.

The AICTE awards recognize outstanding achievement by academic and research institutes of India in actively promoting and supporting innovation and start-ups in their campuses.


Gokul Natesan, Second Indian-Origin Player to be Signed by NBA G-League Side

Gokul Natesan is the 97th pick in the NBA draft to became only the second Indian-origin player to be signed by an NBA G-League side. Natesan, 23, was picked by Canton Charge, a minor league affiliate team of Cleveland Cavaliers, completing a remarkable journey of the computer science graduate, who shuffled between playing college basketball and designing apps.

Useful Info

Managing Director for India of NBA is Yannick Colaco


Malayalam Writer Punathil Kunjabdulla Passes Away

Renowned Malayalam writer Punathil Kunjabdulla passed away in Kozhikode following a prolonged illness. He was 77. Kunjabdulla is regarded as one of the major figures of modernism in Malayalam literature. He won the Sahitya Akademi award for his novel Smarakasilakal in 1980 and the Kerala Sahithya Akademi award twice for the same novel in 1978 and for Malamukalile Abdulla in 1980.


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