Current Affairs Update – 19th October, 2015 - Exam Pundit - IBPS PO | Clerk | SBI PO | Insurance Exams | SSC Exams | Current Affairs


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Monday, October 19, 2015

Current Affairs Update – 19th October, 2015

Hello and welcome to ExamPundit. Here are the Important Current Affairs of 19th October, 2015. These are Important for the upcoming IBPS PO Mains and IBPS Clerk 2015.

Banking/Industry –

ICICI Bank leads in mobile banking transactions

  • ICICI Bank, India's largest private sector lender, has outpaced its peers to record the highest number of mobile banking transactions.
  • According to Reserve Bank of India (RBI) data, in July this year, the lender recorded transactions worth Rs 6,885.36 crore, higher than any other bank.
  • In June, too, ICICI Bank had recorded the highest amount of transactions via mobile at Rs 6,160.18 crore.
  • Earlier, the top slot was occupied by HDFC Bank, which currently holds the second position, followed by Axis Bank and then State Bank of India.
  • ICICI Bank's aggressive growth in the mobile banking space is in line with the ambitious target that it had laid out earlier this year to grow its mobile banking transactions five-fold in FY16, compared to the last financial year.
  • In FY15, transactions worth Rs 16,000 crore were recorded via the bank's mobile banking platform, which the lender wants to grow to Rs 80,000 crore in FY16.

Infosys announced to acquire Noah Consulting for 70 Million US dollars

  • India’s second largest software services exporter Infosys Ltd on 19 October 2015 announced a definitive agreement to acquire Noah Consulting, LLC. The acquisition, an all cash deal, is worth 70 million US dollars.
  • This acquisition is part of Infosys’ strategy to bring next generation data analytics solutions to the oil and gas industry
  • This acquisition combines Noah’s deep industry knowledge, information strategy planning, data governance and architecture capabilities with Infosys’ ability to provide technology and outsourcing services on a global scale to oil and gas clients.
  • Noah Consulting is a leading provider of advanced information management consulting services for the oil and gas industry and John Ruddy is the President of the firm.

India –

IRCTC launches pilot project on 'e-catering' service

  • The Indian Railways Catering and Tourism Corporation (IRCTC) has launched a pilot project of a 'station-based e-catering' service allowing passengers to order meals as per their choice, which will be delivered at stations from popular private caterers.
  • In the first phase of the project, all trains passing through 45 specified railway stations, including nine in the east zone, namely Howrah, Sealdah, Guwahati, New Jalpaiguri, Patna, Bhubaneswar, Visakhapatnam, Kharagpur and Mughalsarai have been named.
  • The other stations under this project are namely, New Delhi, Allahabad, Kanpur Central, Lucknow, Varanasi, Chennai Central, Mumbai Central, Delhi, Bangalore city, Madurai, Amritsar, Thiruvananthapuram Central, Chandigarh, Gorakhpur, Varanasi, Jaipur, Bilaspur, Anand Vihar, Hazrat Nizamuddin, Ludhiana, Secunderabad, Tirupati, Vijayawada, Chennai Egmore, Ernakulam, Kozhikode, Thrisur, Yasvantpur, Nagpur, Pune, Agra Cantt, Gwalior, Jhansi, Bhopal, Ahmedabad, Surat and Vadodara.

Swadhar Greh scheme approved by Haryana Government for women in distress

  • The Haryana Government on 18 October 2015 approved Swadhar Greh scheme, which will assure economic and social security to women in distress. The scheme aims at creating a supportive institutional framework catering to their primary needs in difficult situations.
  • The scheme will work upon providing basic amenities, such as shelter, food, clothing and health along with economic and social security to women in distress.  Also, the scheme will make sure that the special needs of these women are taken care of. 
  • Under the scheme, Swadhar Greh will be set up in every district with capacity to accommodate 30 women.
  • The Greh will cater to the needs of shelter, food, clothing, medical treatment and care of the women in distress.

Union Government extended stock limits on pulses to four categories of stocks

  • The Union Ministry of Consumer Affairs, Food and Public Distribution on 18 October 2015 extended stock limits on pulses to four categories of stocks that were exempted under the order issued in September 2015.
  • The four categories of stocks are-pulses sourced from imports, stocks held by exporters, stocks to be used as raw-materials by licensed food processors and stocks of Large Departmental Retailers.
  • The extension of stock limits is aimed at easing supply side pressures on pulses by checking hoarding activities.
  • In September 2015, a Central Order was issued under the Essential Commodities Act, 1955 imposing stock limits on pulses, edible oils and edible oil seeds for one year up to 30 September 2016.

Appointments –

Gurjit Singh India's New Envoy to Germany

  • Senior diplomat Gurjit Singh has been appointed as India's Ambassador to Germany, succeeding Vijay Gokhale.
  • Singh, a 1980-batch Indian Foreign Service officer, is currently serving as India's Ambassador to Indonesia.
  • Gokhale is set to take over as Indian envoy in Beijing from Ashok Kantha.
  • Singh had served in Indian Missions in Tokyo, Colombo, Nairobi, Rome and was India's Ambassador to Ethiopia.
  • Before becoming the envoy to Indonesia, he was Additional Secretary in-charge of Africa at the Ministry of External Affairs here.
  • The bilateral ties between India and Germany are on an upswing and both sides have resolved to expand ties in a range of key areas including trade and defence during Chancellor Angela Merkel's three-day visit here earlier this month. appointed Mani Rangarajan as CFO

  • Realty giant on 18 October 2015 appointed Mani Rangarajan as its Chief Financial Officer (CFO). The appointment was made to strengthen its senior management team.
  • Rangarajan holds over 20 years of experience and has successfully played executive level roles in companies such as Yahoo! and Citigroup. He also played vital roles in many Silicon Valley start-up companies, like Boku, Kosmix and Media Boost.
  • Rangarajan obtained an MBA degree from the Stanford University’s Graduate School of Business. He also received a post graduate management diploma from IIM Calcutta and is also a Cost & Works Accountant.

Baichung Bhutia appointed as AIFF’s Advisor

  • All India Football Federation (AIFF) on 18 October 2015 appointed the former India Football captain Baichung Bhutia as the advisor for overall issues of the game and the Federation.
  • Bhutia is already the chairman of the AIFF's technical committee.
  • The former India Football captain will be advising the Federation on improving the National Team's performance and will also help in the development of the squad for the 2017 FIFA U-17 World Cup. He will also advice on the licensing criteria of State FAs, development of Clubs and all other domestic Competitions, both men and women and across all age groups.

Alkesh Kumar Sharma is Delhi-Mumbai Industrial Corridor MD,CEO

  • Senior bureaucrat Alkesh Kumar Sharma is the new Chief Executive Officer and Managing Director of Delhi Mumbai Industrial Corridor (DMIC) Development Corporation, a USD 90-billion government-sponsored infrastructure project with aid from Japan.
  • The 2006-incepted DMIC is setting up industrial zones across six states to spur development in Delhi, Uttar Pradesh, Haryana, Rajasthan, Gujarat and Maharashtra, it said.
  • DMIC was chaired by Mr Amitabh Kant, who is also the Secretary, Department of Industrial Policy and Promotion.
  • Sharma's earlier tenure as the Director of Kerala Tourism during 2001 to 2004 saw the State consistently topping the national tourism awardees. Also, Kerala State Industrial Development Corporation turned into one of the highest profit-making enterprises when he was its managing director for three years from 2009.

Sports –

Saketh Myneni of India won 2015 Vietnam Open Tennis Trophy

  • India's tennis player Saketh Myneni on 18 October 2015 won the Vietnam Open tennis trophy in the men’s singles category. In the title clash, he defeated Australia's Jordan Thompson 7-5 6-3.
  • In the men’s doubles category, he, along with other Indian Sanam Singh, ended runner-up after losing the final 6-1 3-6 8-10 to Tristan Lamasine and Nils Langer of France and Germany respectively.
  • For Myneni, this is his first singles ATP Challenger title of the 2015 season and the second overall singles title at the Challenger level.

Novak Djokovic won 2015 Shanghai Rolex Masters tennis title

  • World Number 1 ranking Novak Djokovic on 18 October 2015 won the 2015 Shanghai Rolex Masters tennis title in the men’s singles category.
  • To clinch the title, the top seeded Serbian player defeated Jo-Wilfried Tsonga 6-2 6-4 in the final match held in Shanghai, China.
  • It was the third Shanghai title for Djokovic in four years, having defeated Andy Murray (the UK) and Juan Martin del Potro (Argentina) in the 2012 and 2013 finals respectively.
  • In early 2015, Djokovic joined Roger Federer and Rod Laver as the only men in the Open era to reach all four major finals. His only defeat came in the final of the French Open against Stan Wawrinka of Switzerland.

FIFA suspended Kuwait Football Association

  • Zurich-based Fédération Internationale de Football Association (FIFA) on 16 October 2015 suspended Kuwait Football Association (KFA) with immediate effect.
  • It was banned because of interference of the government officials in the running of the sports by the KFA.
  • The suspension will be lifted only when the KFA and its members (the clubs) are able to carry out their activities and obligations independently.
  • As a result of this decision and in accordance with the Paragraph 3 of Article 14 of the FIFA Statutes, no team from Kuwait of any sort (including clubs) can have any international sporting contact, and neither the KFA nor any of its members or officials can benefit from any development programme, course or training from FIFA or the Asian Football Confederation (AFC).

World –

Apple ordered to pay $234 million to University of Wisconsin for infringing patent

  • The federal court in Madison, Wisconsin of the USA on 16 October 2015 ordered Apple Inc to pay more than 234 million US dollars in damages to the University of Wisconsin-Madison's patent licensing arm-WARF.
  • The damages were in lieu of incorporating its microchip technology into some of the company's iPhones and iPads without permission.
  • However, the amount was less than the 400 million US dollars as demanded by the Wisconsin Alumni Research Foundation (WARF) as the jury observed that the Apple had not willfully infringed WARF's patent.
  • In January 2014, the WARF filed a case against the Apple alleging infringement of its 1998 patent on a "predictor circuit," developed by a team led by Indian-origin computer science professors Gurindar Sohi and Terani Vijaykumar.

Books & Authors –

Smita Patil: A Brief Incandescence by Maithili Rao launched

  • The book titled Smita Patil: A Brief Incandescence authored by Maithili Rao was launched on 18 October 2015.
  • The book, which was launched on Smita Patil’s 60th birth anniversary, acquaints the readers with a remarkable journey of the short-lived actress. It traces the journey of the actress from her childhood to stardom. The book shows glimpses of Patil’s controversial marriage and untimely tragic death.
  • The book also throws light on Patil’s several unfortunate forays into mainstream commercial cinema.
  • In addition, the book offers a sharp analysis of some best movies of the New Indian Cinema, including Bhumika, Mandi, Manthan, Umbartha, Bhavni Bhavai, Akaler Sandhane, Chakra, Chidambaram, Mirch Masala.

Obituaries –

Renowned Egyptian writer Gamal al-Ghitani died

  • Renowned Egyptian novelist and journalist Gamal al-Ghitani died on 18 October 2015 in Cairo, Egypt. He was 70.
  • Al-Ghitani was born on 9 May 1945 in Gihena, Egypt. He began writing at a young age. His first short story was published when he was only 14.
  • For critically commenting on the regime of Gamal Abd el-Nasser, the second President of Egypt, Al-Ghitani even faced imprisonment from October 1966 through March 1967.
  • Al-Ghitani also worked as a journalist for the Egyptian newspaper Akhbar El Yom (The Day's News) in 1969. He was also the editor-in-chief of the literary periodical Akhbar Al-Adab (Cultural News) from 1993 to 2011.

Noted Telugu Comedian Kallu Chidambaram Dead

  • Veteran Telugu comedian Kolluru Chidambaram passed away at a private hospital here today following illness. He was 67.
  • The comedian, popular as Kallu Chidambaram, acted in nearly 300 Telugu movies.
  • The actor is survived by wife, two sons and two daughters.
  • Born on August 8, 1948, Chidambaram was a native of Vizianagaram.
  • A retired civil engineer with Visakhapatnam Port Trust, he acted in movies like  Kallu (his debut film), Money Chanti, Kondaveeti Donga, Ammoru and many more.

Actress Pat Woodell Dead at 71

  • Actress Pat Woodell has has died after she lost her longtime battle with cancer at the age of 71.
  • The star passed away on September 29 at her home in Fallbrook, California, according to The Hollywood Reporter.
  • Woodell began her career in 1962, appearing in an episode of Cheyenne. She went on to feature in several TV shows, including Hawaiian Eye, The Munsters and 77 Sunset Strip, but will perhaps be best remembered for her role as Bobbie Jo Bradley in 1960s series Petticoat Junction.
  • She made her film debut in 1971's The Big Doll House, but retired from acting in 1973.


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