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Saturday, October 17, 2015

Current Affairs Update – 17th October, 2015

Hello and welcome to ExamPundit. Here are the Important Current Affairs of 17th October, 2015. These are Important for the upcoming IBPS PO Mains and IBPS Clerk Exam.

Awards & Honors –

Satyarthi gets ‘Harvard Humanitarian of the Year’ Award

  • Nobel Peace Prize winner Kailash Satyarthi has been conferred with Harvard University’s prestigious humanitarian award for this year, in recognition of his continuing contributions to the cause for child rights.
  • The annual award by the university is given to an individual whose works and deeds have served to improve the quality of lives and have inspired us to greater heights. Satyarthi is the first Indian to have been given this award.
  • The university said the ‘Harvard Humanitarian of the Year’ has been awarded to Satyarthi for his contributions in the field of child rights and abolition of child slavery.
  • Satyarthi has recently succeeded in getting child protection and welfare-related clauses included in the Sustainable Development Goals (SDGs) of the United Nations, which aim to end slavery, trafficking, forced labour and violence.

Industry –

Aditya Birla Group launched online fashion store

  • The Aditya Birla Group on 16 October 2015 launched a new online fashion store with an aim to tap a boom in e-commerce. The portal will offer shoppers brands from both the Aditya Birla Group and other companies.
  • Abof (all about fashion) is a one-stop fashion portal for apparel, footwear and accessories for men and women. The new portal will be targeted at the young and have a curated collection focusing on quality and not give discounts.
  • This online fashion store will compete with the likes of Myntra, a Flipkart unit, and Rocket Internet-backed Jabong. will be privately held by Birla in his personal capacity.

Appointments –

G Narayana Raju appointed legislative secretary

  • Senior Indian Legal Service officer G Narayana Raju was today appointed as the legislative secretary, the top draftsman of the government.
  • Raju was with the legislative department of the law ministry till recently in various capacities. In May, he was appointed the member secretary of the Law Commission.
  • Sanjay Singh had relinquished charge as legislative secretary in September and law secretary PK Malhotra was given additional charge of the department.
  • The legislative department is mandated with drafting of legislations for the central government.

Onsari Gharti Magar elected as House speaker of Nepal

  • Unified Communist Party of Nepal (Maoist) candidate Onsari Gharti Magar was on 16 October 2015 unanimously elected as the House speaker of Nepal. With this, Onsari Gharti became the first female Speaker in the parliamentary history of Nepal.
  • Onsari was the former Deputy Speaker and had served as Minister for Youth and Sports in the Nepal Cabinet led by Jhala Nath Khanal.
  • Onsari’s unanimous election became possible after Nepal Majdoor Kisan Party candidate Anuradha Thapa withdrew her candidacy. Her name was proposed by CPN-UML lawmaker Bidya Devi Bhandari and Rastriya Prajatantra Party-Nepal among other fringe parties seconded her candidacy. 

Days –

International Day for the Eradication of Poverty observed globally

  • The International Day for the Eradication of Poverty was observed globally on 17 October 2015 with the theme Building a sustainable future: Coming together to end poverty and discrimination.
  • The 2015 observance of the International Day for the Eradication of Poverty is a special one, as it comes on the heels of the adoption of Transforming our world: the 2030 Agenda for Sustainable Development. This Agenda succeeds the Millennium Development Goals, contains 17 ambitious goals basically to end poverty in all its forms everywhere.

World –

China, Indonesia signed 5.5 billion US dollars deal to build high-speed railway in Indonesia

  • China and Indonesia on 16 October 2015 signed a 5.5 billion US dollars deal to build the first high-speed railway in Indonesia following the victory of Beijing in winning the construction project by beating Tokyo.
  • Japan was long expected to build the railway but China entered the contest in 2015, and Tokyo's bid was rejected in September 2015 after a chaotic bidding process that infuriated the Japanese companies.
  • The project will be implemented by state-owned China Railway International and a consortium of Indonesian state companies. In the regard, the chairman of state-owned China Railway International, Yang Zhongmin, signed a deal with a consortium of Indonesian state companies to form a joint venture to build the railway.

Pakistan, Russia signed agreement to build 1100 km Gas Pipeline

  • Pakistan and Russia on 16 October 2015 signed an agreement to build a 1100-km gas pipeline stretching from Karachi on Arabian Sea to the eastern city of Lahore. The agreement was signed by Russian Energy Minister Alexander Novak and Pakistan Petroleum Minister Shahid Khaqan Abbasi.
  • In this project, Russia will invest 2 billion US dollars and it will be built by Russian company RT Global Resources, a subsidiary of Russian state corporation Rostec. The pipeline is expected to get completed by December 2017.

Obituaries –

Admiral Radhakrishna Hariram Tahiliani (Retd) passed away

  • Former Chief of the Naval Staff Admiral Radhakrishna Hariram Tahiliani (Retd) passed away on 14 October 2015 in New Delhi. He was 85.
  • Born on 12 May 1930, the Admiral was commissioned in the Navy on 1 September 1950 and served as the 11th Chief of Naval Staff from 1 December 1984 till 30 November 1987. The Admiral had commanded the carrier borne squadron INAS 300 during the Indo-Pak war in 1971.
  • His distinguished career included command of INS Trishul and the Aircraft Carrier INS Vikrant. A distinguished graduate of the French Test Pilot School and an outstanding pilot, he was the first to land on the deck of INS Vikrant on a Hawker Sea Hawk Fighter ushering carrier based aviation into the Indian Navy.


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