Current Affairs – 13 October 2015

Daily Current Affairs: 13th October, 2015

We have all the current affairs which could help candidates to prepare for any competitive exams like Banking, SSC, UPSC, RRB, etc.


  • Despite Shiv Sena trying to block the book launch by Pakistan’s former foreign minister Khurshid Kasuri, the BJP government in Maharashtra ensured that the book launch by the foreign author take place smoothly. Shiv Sena smeared black ink on the face of the organizer of the event, Sudheendra Kulkarni
  • With a turnout of 57% in the first phase of polls in Bihar, the BJP led coalition is hoping for a victory on the back of the old belief that whenever voter turnout is high, it is the anti-establishment sentiment which is the actual reason behind that
  • The Supreme Court refused to extend the bails of Teesta Setalvad and Javed Anand in an embezzlement case and has referred the matter to a larger bench. In an astonishing revelation, the court has termed its own “earlier order” a mistake and now it is on its way to correct it
  • Sixteen years after there were widespread allegations of irregularity in procuring materials, munitions and missiles during the Kargil war, the Supreme Court decided to close down the case with no one being found guilty in the so-called scam
  • Former Special Prosecutor named the SP who was pressurizing her to go soft on the Malegaon blast accused after BJP came to power. She named Suhas Warke as the person concerned in an affidavit filed in the Apex Court
  • Culture Minister Mahesh Sharma has showed nonchalance to the incidents of writers returning their awards or resigning from Sahitya Academy and declared that the government would not take matter in its hands till they stop writing

Banking and Finance

  • In a bid to increase competition in the market, RBI has given approval to the private sector lender Yes Bank to open a mutual fund company along with an asset management company and trustee board for this new venture
  • IT Major Infosys led by Vishal Sikka, has posted a profit of 3398 Crore, 9.8% higher than the profit earned by the company in the same period a year ago
  • Central government has decided to import around 2000 tonnes of arhar dal in the coming months in order to augment supplies in the country
  • BSE Benchmark Index Sensex came down by 175 points on Monday and closed at 26904.11 points after Infosys results failed to cheer the market because of low revenue guidance from the IT Major
  • The government was in for a good cheer with the Index of Industrial Production showing a growth of 6.4% in August. On the other hand, retail inflation headed northwards with the parameter saying it is 4.4% in September 2015
  • After Rajiv Bansal quits from the post of Chief Financial Officer of Infosys, the IT Major appointed Ranganath Mavinakere as the new head of the finance department. The move by Bansal came quite a surprise to the people related to the IT Circle
  • In a cheering announcement made on a day with a number of developments in the company, Infosys has declared that it is aiming to hire around 20000 freshers from various campuses across the country this year
  • In a development on Monday, Bank of Baroda said that the illegal remittances scam was of around 3500 crore and not the 6000 crore estimated by the CBI. 10% of the total money came from cash deposits leading to questions about the source of the money

GK and World Affairs

  • British Economist Angus Deaton has been honoured with the Nobel Prize for Economics in 2015. The professor at Princeton University has been awarded for his contribution towards the analysis of consumption, welfare and poverty
  • Hand-in-Hand, the joint exercise between India and China began at Kunming, China. This is the fifth such exercise after it started in 2007. The last edition of the event was held in Pune
  • According to a study by National Cancer Institute, a unit of the US Department of Health and Human Services, India is becoming a world cancer capital gradually. As of now, there are 1.8 million cancer patients in the country and every 13th new patient of cancer is an Indian. The study pointed out that the Indians are the worst sufferers because they are not aware of the disease from a preliminary stage as well as lack of medical facilities available in the rural areas
  • Palestinian President Mahmoud Abbas received the Indian President Pranab Mukherjee when he reached the Palestinian city of Ramallah in the first ever visit of any Indian president to the country
  • After Delhi, it was time for the Bihar government to show the strict attitude towards corruption. In a development, Bihar Chief Minister Nitish Kumar sacked the excise minister Awadhesh Singh Kushawah after a sting video showing him taking bribe went viral
  • Jawaharlal Nehru Port Trust has got a boost in terms of infrastructure development when the PM inaugurated the 4th terminal of the largest container port in India
  • Google Doodle remembers the famous Qawwali singer from Pakistan, Nusrat Fateh Ali Khan on his 67th birthday. He was famous for his sufi renditions before succumbing to a cardiac arrest in 1997
  • Indian Council of Historical research has embarked on a journey to unravel the mystery surrounding the princely states in British India which were swept away abruptly after the independence. The council believes that the states used to be the hubs of Indian cultural heritage even during the British rule
  • The Supreme Court has strictly asked the centre to work out a civil code at the earliest because various communities are now implementing various laws within themselves, thereby threatening the plurality of the country
  • Newly-elected Nepal PM has formed his cabinet after the 38th PM of the country read the oath of secrecy administered by President Ram Baran Yadav
  • After the reelection of Belarusian President Alexander lukashenko, the European Union has decided to suspend the sanctions on the country for 4 months after the elections passed off without any incidents of violence
  • Two months after a blast hit the port city of Tianjin, another warehouse blast in the godown of alcoholic materials have been reported from the city, though no casualty has happened this time

Sports and Technology

  • In the oldest ever hockey tournament in the country, Punjab National Bank defeated Indian Oil in the Beighton Cup in Kolkata
  • Martina Hingis and Sania Mirza have emerged victorious in yet another tournament after their victory in Wuhan Open last week. The pair has become the champions in the China Open 2015. In the men’s singles, Novak Djokovic once again showed his supremacy over compatriot Rafael Nadal to win the final in the tournament
  • After a welcome victory in Kanpur, AB De Villiers and Co has been in for a shock when the South African Captain was fined for slow over rate in the match
  • Worawi Makudi, the chief of the Thai Football Federation and the former member of the FIFA Executive panel, has been suspended for 90 days by the governing bodies of world football for breaching the code of ethics. FIFA indicated that there may be more to follow for the Thai power man
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