Current Affairs Update – 14th October, 2015

Hello and welcome to ExamPundit. Here are the Important Current Affairs of 14th October, 2015. These are Important for the upcoming IBPS PO Mains and IBPS Clerk Exam 2015.

Finance/RBI –

RBI data shows bank credit growth at 9.4%

  • Credit in the banking system continues to grow at a muted pace. As per the Reserve Bank of India data, credit in the system grew by 9.4% by October 02, 2015 to Rs 68,30,245 crore from Rs 62,40,256 crore a year ago.
  • In the same period deposits increased slightly faster at 11% to Rs 91,63,815 crore.
  • Even though the festival season has started banks have not seen a significant improvement in credit offtake. For over a year, credit in the system has been growing below ten%. RBI has been hopeful that credit off take will begin to improve by the September-October however the banking system is yet to see a pick up.

Etihad Airways signed deal worth 700 million US dollars with IBM

  • Etihad Airways and IBM on 13 October 2015 announced an information technology deal worth 700 million US dollars for over 10 years. The deal aims at improving the airline’s operations and security.
  • The deal incorporates analytics of customer data and the development of technology that can forecast weather patterns to better manage the airline’s flights at its Abu Dhabi centre.
  • As per the terms of agreement, about 100 Etihad staff will move to IBM, where they will help in developing and building a new data centre in Abu Dhabi.
  • The deal also includes IBM's mobile solutions, developed under the Apple-IBM alliance.

India –

Govt to declassify Netaji files from January 23: Modi

  • Prime Minister Narendra Modi has announced that the process of declassification of files relating to Netaji will begin on January 23, 2016, the birth anniversary of Subhash Chandra Bose.
  • The Prime Minister, on Wednesday, met the relatives of Netaji at his official residence in New Delhi. Home Minister Rajnath Singh and External Affairs Minister Sushma Swaraj were also present.
  • Later Mr. Modi tweeted that he Will request foreign governments too to declassify files on Netaji available with them.
  • "Shall begin this with Russia in December," he said.
  • Declaring that “there is no need to strangle history”, Mr. Modi said “Nations that forget their history lack the power to create it.”
  • Lat month, West Bengal government declassified 64 files related to Netaji, which were in the possession of the Kolkata police and West Bengal police.
  • There has prompted demands to Centre from various spheres, including political leaders and Netaji's kin, to release files pertaining to the freedom fighter.

Rajasthan government signed 27 MoUs under Housing for All scheme

  • Rajasthan government on 13 October 2015 signed 27 MoUs worth 12478 crore rupees under Housing for All scheme in housing, healthcare and education sectors in the presence of Union Minister for Urban Development Venkaiah Naidu and state Chief Minister Vasundhara Raje.
  • With this, Rajasthan became the first state to firm up private investments in affordable housing.
  • Out of these 27 MoUs, 14 MoUs were for promoting housing projects with an investment of 9273 crore rupees. These 14 housing related investment projects are expected to provide employment to 26650 persons. Total employment from the 27 MoUs signed today is expected to be 38950.
  • Tata Housing Development Company Ltd has committed to invest 2000 crore rupees in affordable and mixed use township over an area of 10.12 hectares. While, Mahima Real Estate Private Ltd has signed MoU with the state government to invest 1700 crore rupees in affordable housing and group housing.

Ministry of Shipping launched a programme to develop 78 Lighthouses as tourism centers

  • The Ministry of Shipping along with the Directorate General of Lighthouses and Lightships (DGLL) on 13 October 2015 launched an ambitious programme to develop 78 lighthouses in the country as centres of tourism in the first phase under Public Private Partnership (PPP).
  • The identified lighthouses are in Gujarat, Maharashtra, Goa, Karnataka, Kerala, Lakshadweep, Tamil Nadu, Puducherry, Andhra Pradesh, Odisha, West Bengal and Andaman and Nicobar Islands.
  • The land adjacent to these lighthouses will have hotels, resorts, viewing galleries, maritime museums and heritage museums, adventure sports facilities, thematic restaurants, souvenir shops, LASER shows, spa & rejuvenation centers, amphitheaters and allied tourism facilities to attract the tourists.

Delhi government launched Bill Banvao, Inaam Pao scheme

  • The Delhi Government on 13 October 2015 launched Bill Banvao, Inaam Pao scheme to encourage people to receive or demand proper bills for purchases.
  • Citizens will be eligible for the scheme only on a bill or cash memo/retail invoice of not less than 100 rupees for purchases made from a registered dealer in Delhi. The maximum prize to be given under the scheme is 50000 rupees.
  • To avail the reward, the purchaser can upload the bill/cash memo on the website of the Department of Trade and Taxes within seven days of purchase.  A snapshot of the bill can also be sent to the designated number of the department through Whatsapp. After the bill is sent to the department, a unique ID will be generated for each bill and sent to the customer via SMS.

Tamil Nadu Government banned drug Ketoprofen to save vultures

  • Tamil Nadu in the second week of October 2015 banned the use of Ketoprofen, a non-steroid anti-inflammatory drug (NSAID), which is used extensively for veterinary purposes. The step has been taken to save critically endangered vultures in the state.
  • As per the announcement of the state’s Directorate of Animal Husbandry, the use of drug will be discontinued in Erode, Coimbatore and the Nilgiris, where the vulture population is in danger.
  • The Tamil Nadu Government had included Ketoprofen based on an effort to identify an alternative to the banned drug Diclofenac.

Awards & Honors –

Arun Jaitley chosen 'Finance Minister of the Year, Asia' by Emerging Markets

  • Union Finance Minister Arun Jaitley was chosen as 'Finance Minister of the Year, Asia' by London-based publication Emerging Markets in October 2015.
  • The magazine in an article said that Jaitley too deserves some recognition for India’s relative economic success over the last 18 months. It says that without his decisions and stewardship of India’s financial direction, India would not have achieved what it has.
  • Apart from this, Atiur Rahman, the Governor of Bangladesh Bank was named as the Central Bank Governor of the Year, Asia 2015. He was awarded for generating considerable strength and resilience in the economy of Bangladesh.
  • In 2014, the magazine had named governor of the Reserve Bank of India, Raghuram Rajan for Central Bank Governor of the Year award for Asia. In 2010, it also chose Pranab Mukherjee as 'Finance Minister of the Year, Asia'.

Al-Quds University conferred Honorary Doctorate on President Pranab Mukherjee

  • Al-Quds University on 13 October 2015 conferred Honorary Doctorate on President Pranab Mukherjee at a ceremony held in Ramallah.
  • On the occasion, the President announced the setting up of an India-Chair in the Al Quds University.

Jamaican writer Marlon James won the 2015 Man Booker Prize for Fiction

  • Jamaican writer Marlon James on 13 October 2015 won the 2015 Man Booker Prize for Fiction for his novel A Brief History of Seven Killings. With this, James became the first Jamaican author to win the prize in its 47-years of history.
  • James was honoured with the prize money of 50000 Euros, a trophy and a designer bound edition of his book. He was also awarded with additional 2500 Euros for being shortlisted for the prize.
  • James’s name was shortlisted from a list of writers including Sunjeev Sahota, Chigozie Obioma, Hanya Yanagihara, Anne Tyler, Tom McCarthy and Marlon James.

Appointments –

Alexander Lukashenko won Presidential election of Belarus for the 5th time

  • Alexander Lukashenko on 11 October 2015 won Belarusian presidential elections with over 83.5 percent of the votes. With this, the 61-year-old, who has governed the former Soviet republic almost unchallenged for 21 years, will be in power for the fifth time.
  • His closest rival, Tatiana Karatkevich, won 4.4 percent, with turnout at 87 percent.
  • Some 5.1 million out of the nearly 7 million registered voters cast their ballots in favour of the four terms President. This landslide victory exceeded Lukashenko’s 2010 victory that saw him re-elected with 80% of the vote.

Twitter names Omid Kordestani as executive chairman

  • Twitter has appointed Omid Kordestani, a former chief business officer of Google, as its new executive chairman.
  • Tha announcement comes a day after the microblogging site announced laying off 336 people as part of its restructuring efforts.
  • Kordestani joined Google in 1999, leading worldwide revenue generation efforts and operations of the sales organisation.
  • As Google's chief business officer since 2014, he oversaw all revenue and customer operations, as well as marketing and partnerships.
  • After Google's reorganisation into Alphabet Inc in August, Kordestani stepped down to take over the role of advisor at Alphabet.

Sports –

Shweta Rathore became first Indian female bodybuilder to win silver in Asian body building championship

  • Indian female bodybuilder Shweta Rathore in first week of October 2015 won a silver medal in the 49th Asian Bodybuilding and Physique Championship, held in Uzbekistan. With this, she became the first ever Indian female bodybuilder to win a medal at a continental level tournament.
  • Shweta, an engineer by qualification, won silver in the Women's Fitness Physique category and qualified for the World Championship, to be held in Thailand in November 2015.
  • Mumbai based Rathore has been the flag-bearer for women’s bodybuilding in India and have participated in several tournaments across the world. Earlier, she won a bronze medal at the the World Bodybuilding and Physique fitness Championship.


Team ExamPundit


Books For 2015 Banking/Insurance Exams