Current Affairs – 14 October 2015

Daily Current Affairs: 14th October 2015

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

Trending

  • Marlon James of Jamaica has been awarded with the Man Booker International Prize for the year 2015 for his novel “A Brief History of Seven Killings”, based on the theme of attempted murder of Bob Marley. This is the first time a Jamaican author has won the prize
  • In a relief to the Modi government, the Supreme Court has rejected the plea of sacked IPS officer Sanjiv Bhatt for an independent inquiry regarding his victimization for speaking against the state government of Gujarat in 2002 riots
  • In an expected move by Shiv Sena, the party has dared its bigger coalition partner to BJP to break the alliance in the state it the party really feels Sena is not patriotic. This came after Maharashtra CM Devendra Fadnavis launched an attack saying the black painting incident of Sudheendra Kulkarni brought bad name to the state
  • President Pranab Mukerjee had to cancel his event at Al Quds University in Palestine, due to angry protests by students there. The President is on a tour of Jordan, Palestine and Israel
  • Protesting against the move of the government to allow online sale of medicines, over 8 lakhs chemists across the country have decided to go on a nationwide strike today
  • A probe by Dutch agencies reveal that a missile must have drowned the MH 17 airlines last year and according to the investigation, the missile may have been thrown from the war ravaged Eastern Ukraine. The plane crash killed 298 people in March last year

Banking and Finance

  • Infosys promoted around 2000 top performers of the company with an option of 100% variable payouts. The company has registered growth in the last 2 consecutive quarters and hence, the decision
  • On the back of the fraud in Bank Of Baroda, the finance ministry has asked the public sector banks to step up vigil so that this kind of incidents can be averted
  • India’s biggest software services firm TCS has posted a net profit of 6084 crore in the second quarter of the financial year that is 16% higher than the net profit it earned in the same quarter a year ago
  • In the Reliance Jio ET startup awards 2015, the taxi aggregator firm Ola has been adjudged the startup of the year while the award for the top innovator of the year went to Grey Orange. Vani Kola of Kalaari Capital has been awarded the Midas Touch Award for best investor
  • The government finally notified the spectrum trading rules with its own condition of considering the March 2015 auction-winning prices as the benchmark for selling the CDMA airwaves that were allocated to them, intact and thereby rejecting the demands of the industry lobby
  • The country’s second biggest mobile service provider, Vodafone India has decided to launch its 4G services by the end of the year and the 4G operations will start from Mumbai
  • In the Global Best Multinational Workplaces report by Great Places to Work Institute, Google emerged as the hot favorite destination of the employees, followed by SAS Institute. There is not a single Indian company in the top 25
  • BSE Benchmark index Sensex slides by 58 points in the trade to close at 26846.53 points as IT stocks failed to cheer up the market after the show by Infosys flopped yesterday
  • Strong traffic growth, a cut in the price of Aviation Turbine Fuel, fuel the aviation companies; rally in the share markets while even loss-making companies like SpiceJet and Jet Air posted 20% and 12.3% increase in stock prices
  • State Bank of India got regulatory approval from the Reserve Bank of India to start a subsidiary to manage the real estate properties held by the bank. The new entity will not hold any property in its name but its role will be limited to devising a uniform policy for all the properties
  • Finance ministry is determined to give back tax refunds for the financial year positively in a shift of policy from the earlier practice of holding them back due to revenue shortfalls
  • Taro Pharmaceuticals, the US arm of India’s biggest pharmaceutical company, Sun Pharma has acquired the Canadian Zalicus Pharmaceuticals in a bid to extend its business from the dermatology medicines stronghold. The newly acquired company is engaged in making pain management drug candidate coded Z944
  • In a development to fast track growth of Telenor, the company has restructured the global management for 13 markets that consist of 189 million subscribers for the tech company. Sharad Mehrotra has been appointed as the head of India operations, with effect from November 1
  • After being appointed as the MD and CEO of the second largest public sector bank of the country, Bank of Baroda, in August, the former VBHC Value Homes CEO P S Jaykumar has finally assumed charge

GK and World Affairs

  • As part of the 125th year celebrations of the birth of India’s dalit icon Dr B R Ambedkar, the government has decided to go ahead with the Scheduled Caste and Scheduled Tribe Sub-plan which aims to make spending for SCs and STs mandatory
  • In a welcome move to the lakhs of distance learners in the country, the HRD ministry has decided to bring back 4 education channels on air. The channels are Gyan Darshan I and II run by the Indira Gandhi National Open University and two more channels run by IIT Delhi in collaboration with Consortium for Educational Communication-University Grants Commission (Vyas Channel)
  • Ahead of the Prime Minister’s visit to UK in November, the residents there have launched a “Modi Express” Bus for a month-long tour of the iconic landmarks in the country to mark the PM’s maiden visit to the country
  • In a reciprocation gesture towards India for standing by it during the Western sanctions, Iran has accorded priority status to India for trade and investment. Iran is looking at cooperation in sectors like agro-processing, IT, Steel, hospitality sector etc with India
  • Pipistrel Aircraft, a Slovenian Firm, has been roped in by India to supply it 194 microlight helicopters for 130 crore. The helicopters are going to be used in National Cadet Corps, Air Force and Navy as well
  • Veteran Malayalam film-maker I.V.Sasi has been awarded with the J C Daniel award for his contribution to the Malayalam film industry
  • Dredade terrorist organization ISIS confirmed the killing of its second-in-command Abu Mutaz Al-Qureshi in American air strikes and vowed to strike back against the western atrocities
  • Tamil Nadu tops the chart when it comes to flouting of court orders as the PIL by Centre for PIL showed that there are 20000 cases pending before the courts in TN that were related to contempt of Court
  • Iran parliament passed a bill supporting the government to go ahead with the nuclear agreement with the P5+1 countries

Sports and Technology

  • After failing to register even a single win in the tournament so far, Indian team is looking forward to the second ODI that is going to be played in the Holkar Stadium today
  • In a first since 1984, the Netherlands has failed to qualify for the Euro 2016 tournament after being defeated by Czech Republic in the final round match by a margin of 3-2
  • In the first home match of the season, last year’s champion, Atletico De Kolkata defeated Kerala Blasters by 2-1 to go on the top of the table in the ISL
  • Australian Simon Taufel quits his post as a Umpire Performance and Training Manager wuth the ICC. ICC, though, is keen to use hisc expertise with a revised job description because he was the best umpire in his days
  • In the U20 Asian Chess Championship, India returned with 6 medals (5 silver and 1 bronze). The tournament was held in Bishkek, Kyrgyzstan
  • Britain’s Matthew Flitzpatrick emerged victorious in the British Masters tournament and thus claimed his first professional title
  • Former World Champion Viswanathan Anand finished 25th in the World Rapid Championship while Magnus Carlsen defended his title successfully. The tournament was held in Berlin, Germany
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