Current Affairs – 17 October 2015

Trending

  • In a major relief to the company as well as the consumers alike, Maggi is all set to come back with a bang as the Bomabay HC mandated tests have cleared the popular instant noodles brand. The company said that it would start production within 2-3 weeks
  • In a landmark move by the market regulator TRAI, it has been made compulsory for the telecom companies to compensate the customers for call drops. The companies will pay Re 1 per call drop starting from January 1, 2016
  • Bihar polls in the second phase saw a turnout of 55% as the six districts in the Central Bihar went into polls yesterday. The polling was peaceful on the back of extensive security arrangements made by the Election Commission
  • In major changes in the format, CAT will see a single-day exam in multiple sessions. The introduction of non-multiple choice questions and on-screen calculators are some of the other changes in the exam pattern. Moreover, the time allotted for each section has been set at 60 minutes for each of the three sections namely Reading comprehension, Data interpretation and logical reasoning and Quantitative aptitude

Banking and Finance

  • Aditya Birla group has entered the Indian ecommerce market with its fashion portal all-about-fashion (abof.com). This portal will cater to the 18-25 years age group but without any discount
  • Reliance India Industries posted a record $1 billion net profit in the second quarter of the financial year. It is 12.5% above the net profit it earned last year in the same period
  • Private Sector lender DCB Bank is going to slow down on its expansion plans as it has got unexpected shock in the form of a crash in its share prices after the company announced its expansion plans. The share prices saw 30% drop yesterday on the back of the announcement of expansion
  • Vedanta Group has inked an agreement with the Rajasthan government in order to expand its mining and mineral business in the state in the coming 3-5 years. The agreement is of 8357 crore under which the company will develop and expand zinc-lead ore mines and smelters
  • RBI has merged the Financial Inclusion Fund and Financial Inclusion Technology Fund in order to create a single fund with a corpus of 2000 crore rupees. The fund will be administered by the Union Government and will be maintained by the National Bank for Agricultural and Rural Development
  • In a setback to Apple, A US Jury has ordered to it to pay the University of Wisconsin’s licensing arm an amount of $234 million for using its microchip technology in some of the iphones and ipads of the company without permission

GK and World Affairs

  • After disposing of the please seeking enforcement and cancellation of the beef ban in the state, the Jammu and Kashmir High Court has asked the state government to frame a law regarding the issue within the framework of the constitution
  • At the annual RTI Convention in New Delhi on 16th October, 2015, PM Modi has called for change in RTI Laws by making it a law to question the government and he has sought to make it a right for the citizens to question the government. The civil society activists, however, staged protests and boycotted the function due to lack of freedom of speech in the current regime
  • The youngest billionaire in the world, Mark Zuckerberg has decided to come to the biggest market of Facebook this month as the Facebook founder will interact will interact with the Facebook audience as well as live audience in IIT Delhi campus
  • The committee of secretaries headed by Cabinet Secretary Pradip Kumar Sinha has decided to go ahead with the new civil aviation policy within the end of this month as the committee is going to hold its meeting on October 20. The airline carriers are eagerly looking for the policy as this may spell some good news for them specially the scrapping of the controversial 5/20 rule for international flight operations
  • Star Trek legend William Shatner is going to receive the Voice Arts Icon Award 2015 for his contribution to the industry. He has lent his voices in animated movies like Over the Hedge, Osmosis Jones, Escape from Planet Earth etc
  • To commemorate the birth anniversary of Dr A P J Abdul Kalam, the government has decided to include his birthplace Rameswaram in the list of 498 cities under Atal Mission for Rejuvenation and Urban Transformation, popularly known as AMRUT scheme which aims at providing basic urban amenities to the citizens of these selected cities
  • The central government has formed a Central Victim Compensation Fund to support victims of terror attack, rape, cross border firing etc. The initial corpus is 200 crore rupees for the fund
  • The World Food Day was observed on October 16 all over the world with the theme for this year being “Social Protection and Agriculture”. The day is celebrated to commemorate the anniversary of establishment of Food and Agriculture Organization (FAO)
  • Kundavi Kadinesan has been appointed as the Assistant Director of the Food and Agriculture Organization and also the regional representative of Asia-Pacific region of the organization
  • In an announcement the Union Government has made it clear that it would give priority to the highways sector because connectivity is very much necessary for economic growth. As a commitment towards this, the ministry of Road transport, Highways and Shipping, NItin Gadkari has announced that the government will invest 50000 crore in Rajasthan in this sector for the next two years
  • Delhi government has banned street side cooking in an attempt to encourage citizens to healthy and safe food habits. It spelt doom for the street vendors as they are planning to meet the Chief Minister over the issue

Sports and Technology

  • In a boost to the Make in India campaign by the PM, Boeing has indicated that it is going to assemble the Apache and Chinnok helicopters to be delivered to IAF in India itself. Not only this, the company may manufacture aircraft in the country in the near future as well
  • The sales and demand for the new versions of iPhones namely iPhone 6S and iPhone 6S Plus have been dismal in India so far as per the data received from the retailers as well as wholesale dealers
  • In a setback, World no 1 Indian Badminton player Saina Nehwal lost to Minatsu Mitani of Japan in the second round of Denmark Open 2015. The Japanese tamed the top-ranked shuttler in a mere 39 miniutes in Denmark
  • Giving reply to Shoaib Malik’s double century, England Captain Alastair Cook has played the 3rd longest innings in test cricket for 836 miniutes in the first innings to help his team take lead over Pakistan in the first test in Abu Dhabi
  • In order to create awareness among the citizens, Indian government has flagged off the “Science Express Climate Change Special” from New Delhi. This will run till May 2016 with various exhibits on topics such as mitigation, adaptation featuring in its coaches. This is a joint initiative between the Ministry of Environment, Ministry of Railways and Ministry of Science & Technology, Government of India
  • In a major setback to India’s defence exports ambitions, Ecuador has cancelled the order for Dhruv Advanced Light Helicopters from Hindustan Aeronautics Limited after the helicopters crashed in the trial of the Ecuadorian Air Force along with accidents while flying post their induction in the air force
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