Current Affairs Update – 28th September, 2015

Hello and welcome to ExamPundit. Here are the Important Current Affairs of 28th September, 2015. These are very Important for the upcoming IBPS PO V Mains Exam.


Finance/Industry –

Qualcomm Announced Investment of 150 Million US Dollars for Indian Start-Ups

  • Silicon Valley based chip-maker Qualcomm on 27 September 2015 announced that it will invest 150 million US dollars for Indian start-ups. The investment will come through a venture fund.
  • The announcement was made after the company’s executive chairman Paul E Jacobs met the Indian Prime Minister Narendra Modi at the Digital Economy event in San Jose. The venture fund was in support of Indian Government’s Digital India and Make in India initiatives.
  • Qualcomm will provide local innovative start-ups the support required to help country’s Mobile and Internet of Everything (IOE) ecosystem grow. The company is also set to extend its support to the start-ups in financial, marketing and technology fields.
  • Qualcomm has been investing in Indian start-ups since 2007.



Seven MoUs signed to boost start-ups in India


  • Aimed at giving a big boost to start-ups in India, as many as seven MoUs have been signed between various organisations of India and the US.
  • The MoUs were signed as Prime Minister Narendra Modi attended the India-US Start-up Konnect 2015 in San Jose.
  • The first MoU between Centre for Cellular and Molecular Platforms and the California Institute for Quantitative Biosciences is to develop Indo-US Life Science Sister Innovation Hub so as to enhance science-based entrepreneurship, research, academia and businesses by leveraging each other’s ecosystems.
  • Department of Biotechnology and Prakash Lab, Stanford University signed another MoU on Foldscope — a frugal science innovation that has emerged from a lab of an Indian with majority of Indians working in this laboratory.
  • This lab will work with DBT to further develop and deploy the products from this lab.
  • National Association of Software and Service Companies (NASSCOM) and the Indus Entrepreneurs signed a MoU to collaborate in a mutually satisfactory form and manner in order to support the creation of a vibrant ecosystem to foster technology entrepreneurship in India and Silicon Valley.
  • IIM Ahmedabad’s Centre for Innovation and Entrepreneurship (CIIE) and Lester Centre for Entrepreneurship of the Haas Business School of the University of California, signed a MoU to collaborate on mutual incubation, and support each other’s activities of mutual interest.
  • CIIE also signed a MoU with Los Angeles Cleantech Incubator to extend NGIN Membership benefits to CIIE.



Reliance Defence & EDIC sign MoU to manufacture defence equipment

  • Reliance Defence Limited (RDL), a wholly owned subsidiary of Reliance Infrastructure Limited, has signed a strategic Memorandum of Understanding (MOU) with Emirates Defence Industries Co (EDIC) for manufacturing, servicing, knowledge transfer and technology development from the UAE. They have agreed to jointly explore the opportunity for manufacturing and building capabilities in defense vehicles, aviation and associated areas, defence equipment and armament manufacturing, defence electronics, commercial and naval ships and MRO of Military Equipment / Platforms.
  • The partnership will explore the opportunity in the UAE defense industry where the costs for setting up facilities, recruiting and developing scientists and engineers are high. The partnership will aim to build synergy, bring down operational costs and leverage each others' capabilities.
  • RDL is pursuing partnerships in the Defence and Aerospace segment with the leading international OEM's and raise equity stake in existing companies within the country as also globally to meet solutions for the defence sector.



India –

India’s 1st dedicated satellite for astronomy research ASTROSAT launched


  • Indian Space Research Orgnaisation (ISRO) on 28 September 2015 launched India’s first dedicated satellite for astronomy research, named ASTROSAT.
  • The satellite was launched from the first launch pad of Satish Dhawan Space Centre at Sriharikota, Andhra Pradesh at 10 am by Polar Satellite Launch Vehicle (PSLV-C30). PSLV-C30 is the tenth flight of PSLV in its 'XL' Configuration.
  • It was launched after the end of its 50-hour long countdown for its launch which began on 26 September 2015 at 8am.


Scientific objectives of ASTROSAT
  1. To understand high energy processes in binary star systems containing neutron stars and black holes.
  2. Estimate magnetic fields of neutron stars.
  3. Study star birth regions and high energy processes in star systems lying beyond our galaxy.
  4. Detect new briefly bright X-ray sources in the sky.
  5. Perform a limited deep field survey of the Universe in the Ultraviolet region.


  • It was for the first time that India launched US satellites--four in all--belonging to a San Francisco-based company, under an agreement signed with Antrix Corporation Ltd, the commercial arm of Indian Space Research Organisation (ISRO).
  • With a lift-off mass of about 1,513 kg, ASTROSAT was first injected into a 650 km orbit by PSLV-C30, followed by the other six satellites in the space of about three minutes.
  • International customer satellites that piggybacked the polr rocket were the LAPAN-A2 of Indonesia meant for maritime surveillance using Automatic Identification System (AIS), and maritime monitoring nanosatellite from Canada, NLS-14 (Ev9), which uses 'next generation' AIS.



Union Government formed B S Baswan committee to revisit civil services examination pattern

  • Union Ministry of Personnel, Public Grievances and Pensions in the fourth week of September revealed that an expert committee was constituted to revisit the civil services examination pattern.
  • The seven member committee was constituted on 12 August 2015 and is headed by B S Baswan. Also, the committee was mandated to submit report within six months from the date of its constitution.

Terms of reference of the expert committee
  • To evaluate the effectiveness of the existing scheme of the civil services examination in selecting suitable candidates keeping in view various factors such as inclusiveness, fair mix of candidates from different disciplines, etc.
  • To examine the plan of the examination and suggest suitable changes to all the three stages of the examination viz., preliminary, mains and interview.
  • To examine the time frame in which the examination is conducted and suggest suitable changes to reduce the time taken for selection of candidates by utilizing information and communication technologies, etc.



India Signs Deal with Boeing, US for Apache, Chinook Copters


  • India today signed a nearly USD 3 billion deal for purchase of 22 Apache attack helicopters and 15 Chinook heavy-lift choppers with American aviation giant Boeing and the US government.
  • The first helicopter is likely to be handed over to India in the next three to four years.
  • "The contract for purchase of 22 Apache and 15 Chinook helicopters were signed here today," Defence Ministry spokesperson Sitanshu Kar said.
  • The contract has a clause to place follow-on orders for 11 more Apaches and seven extra Chinooks.
  • The helicopter deal has survived over 10 price validity extensions from the American side with the last one being for a month as desired by India.
  • While the Chinook helicopter deal is a direct one with the US firm, the one for Apache is a hybrid.
  • A part of the Apache deal was signed with Boeing for the helicopter and the other with the US government, under Foreign Military Sales route, for its weapons, radars and electronic warfare suites.
  • Sources said the total cost of the contract will be around USD 3 billion.



World –

Evidence of summertime water flows on Mars: study


  • Scientists have found the first evidence that briny water may flow on the surface of Mars during the planet's summer months, a paper published on Monday showed.
  • Although the source and the chemistry of the water is unknown, the discovery could affect thinking about whether the planet that is most like Earth in the solar system could support present day microbial life.
  • Scientists developed a new technique to analyze chemical maps of the Martian surface obtained by NASA's Mars Reconnaissance Orbiter spacecraft.
  • They found telltale fingerprints of salts that form only in the presence of water in narrow channels cut into cliff walls throughout the planet's equatorial region.
  • The slopes, first reported in 2011, appear during the warm summer months on Mars, then vanish when the temperatures drop.
  • Scientists suspected the streaks, known as recurring slope lineae, or RSL, were cut by flowing water, but had previously been unable to make the measurements.


Awards & Honors –

Mathematician Jacob Tsimerman won 2015 SASTRA Ramanujan Prize

  • Mathematician Jacob Tsimerman of the University of Toronto, Canada on 28 September 2015 was chosen for the prestigious 2015 SASTRA Ramanujan Prize.
  • Tsimerman is currently working as an Assistant Professor in the University of Toronto. He primarily conducts research in Number Theory.
  • He will be conferred with the prize during the International Conference on Number Theory at SASTRA University in Kumbakonam, Tamil Nadu where the prize is given annually.
  • About SASTRA Ramanujan Prize
  • Founded by Shanmugha Arts, Science, Technology & Research Academy (SASTRA) University in 2005 after the name of the genius mathematician Srinivasa Ramanujan, the SASTRA Ramanujan Prize is awarded every year to a young mathematician.



Lucknow-based CSIR-CIMAP won CSIR Award for S&T Innovations for Rural Development, 2014

  • Council of Scientific and Industrial Research-Central Institute of Medicinal and Aromatic Plants (CSIR-CIMAP), Lucknow on 26 September 2015 won the CSIR Award for S&T Innovations for Rural Development (CAIRD) 2014.
  • CSIR-CIMAP was awarded for enhancing incomes of farm communities through Vetiver based Technological Interventions.
  • The award was announced on the occasion of CSIR Foundation Day by the DG, Council of Scientific and Industrial Research, Dr. Girish Sahni.


Reports –

World Bank released report entitled Leveraging Urbanisation in South Asia


  • World Bank on 24 September 2015 released a report entitled Leveraging Urbanisation in South Asia: Managing Spatial Transformation for Prosperity and Livability.
  • The report provided original empirical and diagnostic analysis of urbanization and related economic trends in the South Asia region.
  • Also, it also discussed in detail the key policy areas, the most fundamental being urban governance and finance, where actions must be taken to make cities more prosperous and livable.

Highlights of the report
  • South Asia’s urban population grew by 130 million between 2001 and 2011-it is more than the entire population of Japan- and is poised to grow by almost 250 million by 2030.
  • Manufacturing and services account for more than 80 percent of the region’s GDP.


Report with respect to India
  • 13.7 percent of urban population or 1 in 7 in urban areas live below the poverty line in the country compared to 13.1 percent in Pakistan.
  • Among the very poorest, under 5 mortality rate is higher in urban than in rural settings.
  • Delhi’s air pollution (PM 2.5 concentration) is almost three times higher than in Beijing giving it the dubious distinction of being the world’s most polluted city.
  • For the 12 largest Indian cities the proportion of built-up area outside a city’s official boundaries exceeds that within its boundaries.


Days –

World Tourism Day observed with theme One Billion Tourists, One Billion Opportunities


  • World Tourism Day was observed across the world on 27 September 2015. The theme of the World Tourism Day 2015 is One Billion Tourists, One Billion Opportunities.
  • The theme wants you to talk Tourism and help to raise awareness of its impact on countries and communities around the world. It talks about its potential as a force for good and creating a better world for all.
  • Burkina Faso will host the Official Celebration 2015.

Current developments and forecasts
  • International tourist arrivals grew by 4.3 percent in 2014 to 1.133 billion.
  • In 2014, international tourism generated 1.5 trillion US dollars in export earnings.
  • UNWTO forecasts a growth in international tourist arrivals of between 3 percent and 4 percent in 2015.





Regards



Team ExamPundit


Sponsored

Books For 2015 Banking/Insurance Exams

0 comments