Tuesday, October 06, 2015

Current Affairs Update – 6th October, 2015

Hello and welcome to ExamPundit. Here are the Important Current Affairs Update of 6th October, 2015. These are very Important for the upcoming IBPS PO V Mains.


Economy/Banking –

Growth of eight core sectors increased by 2.6 percent in August 2015


  • The Index of Eight Core Industries with base year 2004-05 was released on 30 September 2015 by the Department of Industrial Policy and Promotion (DIPP) under Union Ministry of Commerce and Industry.
  • As per official figures released on 30 September 2015, growth of eight core sectors grew by 2.6 percent in August 2015, as compared to the August 2014. The combined Index of Eight Core Industries stands at 169.6 in August 2015. Its cumulative growth during April to August, 2015-16 was 2.2 percent.



UCO Bank registered highest increase in gross Non-Performing Assets

  • UCO Bank on 4 October 2015 registered the highest increase in gross Non-Performing Assets (NPAs) in percentage terms against total loans in the 2014-15 fiscal year. With this, UCO Bank became the worst performer among the other public sector banks.
  • The Gross NPA to gross advances ratio of UCO Bank increased to 8.05 percent at the end of March 2015 from 4.47 percent, accretion of 3.58 on an annual basis.
  • The UCO Bank was followed by Indian Overseas Bank (IOB) and Bank of Maharashtra (BoM) with their gross NPA rising to 8.30 percent and 6.18 percent respectively at the end of March 2015. Besides, the gross NPA of Dena Bank increased from 3.33 percent to 5.29 percent at the end of 2014-15.



Bank of Maharashtra to raise Rs. 394 crore from govt.

  • The shareholders of Bank of Maharashtra at an Extraordinary General Meeting (EGM) on Tuesday approved the bank’s proposal for capital infusion of Rs. 394 crore by the Government of India.
  • Equity capital will be raised through preferential issue of 105150787 equity shares of the face value of Rs. 10 each at an issue price of Rs. 33.47 per share including premium of Rs. 27.47 per share to the Government of India, Bank of Maharashtra said on Tuesday.
  • The share holding of Government of India in Bank of Maharashtra will now increase to 81.61 percent from the existing 79.80 percent after the issue and allotment of equity shares.



India –

India, Germany signed 18 MoUs in various sector to strengthen bilateral relations

  • India and Germany on 5 October 2015 signed 18 MoUs in various sector including renewable energy, skill development and culture. The MoUs were signed at the end of third Indo-German Inter-governmental Consultations in New Delhi.
  • The meeting was co-chaired by Prime Minister Narendra Modi and German Chancellor Angela Merkel co-chaired the meeting.


List of Agreements/MoU’s signed
  1. Promotion of Languages: Joint Declaration of Intent signed between Ministry of Human Resource Development and the Federal Foreign Office of Germany. The agreement seeks to promote German as a foreign language in India and the promote Modern Indian Languages in Germany.
  2. Indo-German Solar Energy Partnership: MoU between the Federal Ministry for Economic Cooperation and Development of Germany and the Ministry of New and Renewable Energy on Indo-German Development Cooperation Regarding the Indo-German Solar Energy Partnership.
  3. Security Cooperation: MoU was inked between the Ministry of Home Affairs and the Federal Ministry of the Interior, Germany.
  4. Aviation Security: MoU was inked between the Ministry of Civil Aviation and the Federal Ministry of the Interior of the Federal Republic of Germany.
  5. Cooperation in the Field of Skill Development and Vocational Education and Training: A Joint MoU was inked between the Ministry of Skill Development and Entrepreneurship, on one hand, and the Federal Ministry of Education and Research and the Federal Ministry for Economic Cooperation and Development of Germany, on the other hand.
  6. Cooperation in the Field of Disaster Management: The Joint Declaration of Intent was inked by the Ministry of Home Affairs and the Federal Ministry of the Interior, Germany.
  7. For extension of tenure of Indo-German Science and Technology Centre (IGSTC): Announced as a Joint Declaration by the Ministry of Science and Technology and the Federal Ministry of Education and Research of Germany. 
  8. Indo-German Partnerships in Higher Education (IGP): MoU was inked between University Grants Commission (UGC) and German Academic Exchange Service (DAAD), Germany.
  9. Plant Protection Products: Joint Declaration of Intent was inked by the Ministry of Agriculture and Farmers’ Welfare, (MoA&FW) and the Federal Office of Consumer Protection and Food Safety (BVL), Germany.
  10. Cooperation in the Field of Railways: to further develop the cooperation in the field of railways a Joint Declaration of Intent was inked between the Federal Ministry of Transport and Digital Infrastructure, Germany and the Ministry of Railways.
  11. Cooperation in the Field of Manufacturing: MoU was inked between the Department of Heavy Industries & Public Enterprises of India and Fraunhofer Society of Germany.
  12. Fast-Track system for German companies in India: Joint Announcement was made.
  13. Cooperation in the Field of Advanced Training of Corporate Executives and Junior Executives from India: Joint Declaration to continue the cooperation was inked between the two nations.
  14. Cooperation in Food Safety: Joint Statement of Intent was inked between the Federal Institute for Risk Assessment (BfR) and the Food Safety and Standards Authority of India (FSSAI).
  15. Cooperation in Food Safety: Joint Statement of Intent was inked between the Food Safety and Standards Authority of India (FSSAI) and the Federal Office of Consumer Protection and Food Safety (BVL).
  16. Cooperation in Agricultural Studies: MoU inked between German Agribusiness Alliance and Agriculture Skill Council of India (ASCI).
  17. Supporting participation of Indian Young Scientists in Natural Sciences for the Lindau Nobel Laureate Meetings: Letter of Intent was inked between the Department of Science and Technology (DST) of India, the Council for the Lindau Nobel Laureate Meetings (Council), and the Foundation Lindau Nobel Laureate Meetings (Foundation).
  18. Summary Record of the Negotiations on Development Cooperation: Inked between the Union Government and the Government of Germany.



INS Astradharani commissioned at Vizag


  • Indian Navy’s first totally indigenously-designed and built torpedo launch and recovery vessel INS Astradharani was commissioned here on Tuesday.
  • The 50-metre twin-hulled warship is also the first to be built at a private yard with armament fixtures. The unique design of the ship was a collaborative effort of Naval Science and Technological Laboratory, IIT Kharagpur and Shoft Shipyard. The catamaran hull configuration significantly reduces its power requirement.
  • Congratulating everyone involved in the building of the ship Flag Officer Commanding-in-Chief Eastern Naval Command Vice Admiral Satish Soni, who commissioned the ship, said that the induction of INS Astradharani adds thrust to the Nation’s ongoing endeavours towards indigenisation and achieving the nation’s goal of self reliance in underwater weapons development. After commissioning, the ship entered the Eastern Fleet.



Second phase of Mission Indradhanush launched in 352 districts


  • The Union Government on 5 October 2015 launched second phase of the immunisation programme, Mission Indradhanush, focusing on 352 districts.
  • The second phase of the programme aims at achieving more than 90 per cent full immunization in the country by 2020. The mission targets to cover all children below 2 years of age and pregnant women with full immunization against seven vaccine preventable diseases.
  • The second phase will watch over 352 districts including 279 mid priority districts, 33 from the North East states and 40 districts from phase one where large number of missed out children were detected.
  • The second phase will last for a week starting from 7 October 2015. It will be followed by weeklong intensified immunization drives for three consecutive months, starting from 7 November 2015 and 7 December 2015 and 7 January 2016.


Amo doli programme launched by Odisha government in naxal-affected Rayagada district

  • To help patients and pregnant women from inaccessible areas to reach nearest hospital, the state government of Odisha on 4 September 2015 launched a healthcare programme named ‘Amo doli programme’. The programme was launched in naxal-affected Rayagada district of the state and will benefit people of 183 remote villages to reach the hospital.
  • Under the Amo Doli programme, a stretcher has been designed as a sling to carry patients smoothly and with less effort. Each sling costs around 9000 rupees and the programme is being funded under the Integrated Action Plan which is meant for Maoist-affected districts.



Appointments –

Jack Dorsey appointed as permanent CEO of Twitter


  • Popular micro-blogging site Twitter on 5 October 2015 announced Jack Dorsey as its permanent Chief Executive Officer (CEO).
  • The appointment of Dorsey, who is also the CEO of mobile payments company Square, marks his second stretch as Twitter’s CEO. He will handle both the jobs at once.
  • Dorsey has served as interim CEO of Twitter since former CEO Dick Costolo stepped down on 1 July 2015.



Indian-American Shital Patel Appointed As USA Funds' Chief Info Officer


  • An Indian-American IT professional has been appointed the senior vice president and chief information officer of a US-based nonprofit corporation that provides aid to needy college students.
  • Shital Patel will be responsible for all aspects of USA Funds' information technology and services and will lead the exploration of emerging information service opportunities, issues and solutions, the corporation said in a statement.
  • The Indianapolis-based nonprofit promotes student success in college and careers nationally.



Awards & Honors –

Arthur B McDonald and Takaaki Kajita shared 2015 Nobel Prize in Physics


  • Japan's Takaaki Kajita and American Arthur B. McDonald on 6 October 2015 jointly won the 2015 Nobel Prize in Physics for their discovery of neutrino oscillations, which shows that neutrinos have mass. Takaaki Kajita belongs to the University of Tokyo while McDonald is from Queen's University, Canada.
  • Both the winners will share the 8 million Swedish kronor prize money with one half going to McDonand and the other half to Kajita. Each winner will also get a diploma and a gold medal at the annual award ceremony on 10 December 2015, the anniversary of the death of prize founder Alfred Nobel.



Shashi Kapoor honoured with Lifetime Achievement award at Jagran Fest


  • Veteran Bollywood actor Shashi Kapoor was on 5 October 2015 honoured with the Lifetime Achievement award during the closing ceremony of the 6th Jagran Film Festival in Mumbai.
  • The 77-year-old actor, who is wheelchair bound, received the award from filmmaker Shyam Benegal.

List of winners at the Jagran Fest includes
  • Best Director: Shoojit Sircar for his film Piku
  • Best Feature Film: Kaushik Ganguly's Bengali film Chotoder Chobi
  • Best Actor (male): Dulal Sarkar for an outstanding performance in Chotoder Chobi
  • Best Actor (female): Bhumi Pednekar for her portrayal of Sandhya in Dum Laga Ke Haisha



World –

US, Japan and 10 other Pacific Rim countries signed Trans-Pacific Partnership agreement

  • The United States (US), Japan and 10 other Pacific Rim countries on 5 October 2015 signed the Trans-Pacific Partnership (TPP) agreement to lower trade barriers, bolster worker protections and set standards for a raft of other industries.
  • The TPP is designed to facilitate trade among the US and a host of other countries scattered across both sides of the Pacific Ocean.
  • The 10 other countries of the Pacific Rim which signed the agreement are Australia, Brunei, Canada, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. China, the world's second-largest economy, is not part of the agreement.



Books & Authors –

Ruled or Misruled: Story and Destiny of Bihar authored by Santosh Singh released


  • The book titled Ruled or Misruled: Story and Destiny of Bihar authored by the Assistant Editor of the Indian Express’ Santosh Singh was released in last week of September 2015.
  • The book Ruled or Misruled offers a 360 degree journey of Bihar politics since Independence, especially since the Congress’ downfall in 1990. An out and out reporter’s book, tells an interesting and tumultuous journey of the post-1990 legends of Bihar politics - Nitish Kumar, Lalu Prasad, Ram Vilas Paswan and Jitan Ram Manjhi with the legendary clash between Nitish Kumar and Narendra Modi - with the untold version on the 2010 dinner cancellation and Nitish’s ambition, providing the third angle.



Days –

World Habitat Day observed across the world


  • The World Habitat Day was on 5 October 2015 observed across the world with the theme Public Spaces for All. The 2015 World Habitat Day campaign aims to recognize the challenges and issues around Public Spaces.
  • The origin of World Habitat Day dates back to 17 December 1985, when the UN General Assembly designated the first Monday of October of every year as World Habitat Day through its resolution. It was first celebrated in 1986.








Regards



Team ExamPundit


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