Friday, October 09, 2015

Current Affairs Update – 9th October, 2015

Hello and welcome to ExamPundit. Here are the Important Current Affairs of 9th October, 2015. These are very Important for the upcoming IBPS PO V Mains and IBPS Clerk Exam 2015.


Finance/Industry –

HDFC Bank launches nationwide campaign to go digital


  • Private sector lender HDFC Bank today launched a nationwide campaign to position itself as a premier digital bank.
  • "Integrated, nationwide brand campaign 'Har Zaroorat Poori Ho Chutki Mein, Bank Aapki Mutthi Mein... the campaign will reinforce bank's position as India's premier digital bank," HDFC Bank said in a statement.
  • The three-month long campaign delves into HDFC Bank's products and offerings.
  • The offerings include Instant Accounts, 1-click payments, 1-click shopping, 10-second loans, Quick investments - all of which are digitally accessible.
  • Customers can use mobile phones and the Internet in order to save time, paperwork and needless hassles such as visiting bank branches, the bank said.



Gannett Co agreed to acquire Journal Media for 280 million US dollars

  • A publicly traded media holding company, Gannett Company, Inc., on 7 October 2015 reached an agreement to acquire newspaper company Journal Media Group for approximately 280 million US dollars. After the agreement, Gannett will have control of publications in more than 100 local markets in the United States.
  • Under the terms of the transaction, Journal Media Group shareholders will receive cash of 12 US dollars per share in cash. Gannett will finance the transaction through a combination of cash on hand and borrowings under Gannett’s 500 million US dollars revolving credit facility.



China launched the first phase of China International Payment System

  • China on 8 October 2015 launched the first phase of China International Payment System (CIPS), a milestone in bolstering Yuan’s global usage and furthering cross-border clearing of its currency from the Chinese mainland instead of offshore centres abroad.
  • The launch of the CIPS was expected to boost the Shanghai Free Trade Zone (FTZ) launched in 2013 as a test bed for new reforms.
  • Developed and administered by the People's Bank of China, CIPS enables market participants outside China to clear Yuan transactions with their Chinese counterparts directly from 9 am to 8 pm. 
  • The CIPS provides capital settlement and clearing services for cross-border Yuan transactions for financial institutions domestically and abroad.


Days –

World Post Day observed globally


  • World Post Day was observed globally on 9 October 2015 with the theme Posts claim their place in the changing communication landscape. The day marks the date of establishment of Universal Postal Union (UPU) in 1874 in Bern, Switzerland.
  • The UPU was the start of global communications revolution, allowing people could write to others all over the world.
  • World Post Day is observed to create awareness of the role of the postal sector in people’s and businesses’ everyday lives as well as its contribution to the social and economic development of countries.
  • The celebration encourages member countries to undertake programme activities aimed at generating broader awareness of their Post’s role and activities among the public and media on a national scale.

World Post Day celebrations in India

In India, the day is celebrated as a part of the National Postal Week and it continues till 15 October. This week is observed in different forms and they are
  1. 11 October – Savings Bank Day
  2. 12 October –Mail Day
  3. 13 October –Philately Day
  4. 14 October – Postal Life Insurance Day
  5. 15 October – Business Development Day




World Egg Day Observed across the world


  • 20th World Egg Day was observed on 9 October 2015 across the world. The Day is a unique opportunity to help raise awareness of the benefits of eggs and is celebrated in countries all around the world.
  • Countries all around the world celebrate the day by highlighting the benefits of eggs. Festivals, charitable events and city celebrations form part of the celebrations of the day for recognition of this small but mighty food source. Eggs are the source of life and a symbol of fertility.
  • Now part of the World Egg Organisation, World Egg Day provides the perfect platform for reminding us all of the many health benefits of eating eggs.
  • World Egg Day was established at the International Egg Commission (IEC) Vienna 1996 conference when it was decided to celebrate World Egg Day on the second Friday in October each year.



World Sight Day observed on 8 October with theme Eye care for all

  • World Sight Day (WSD) was observed on 8 October 2015 with theme Eye care for all. The global event is observed to draw attention on blindness and vision impairment.
  • The Day is an annual day of awareness held on the second Thursday of October, to focus global attention on blindness and vision impairment.
  • The day was originally initiated by the SightFirstCampaign of Lions Club International Foundation in 2000. WSD is co-ordinated by International Agency for the Prevention of Blindness (IAPB) under the VISION 2020 Global Initiative.
  • 2015 is the third year of the WHO Global Action Plan.



India –

Tata Power launched LED tube light scheme in Mumbai

  • Tata Power, India's largest integrated power company, on 8 October 2015 launched LED tube light scheme in Mumbai for its residential consumer. Under the scheme, Tata will provide five lights to each household at 525 rupees per piece against market price of 1325 rupees.
  • The scheme aims at encouraging the residents in Mumbai to adopt energy efficient lights, thus, saving power.
  • Tata Power has initiated the scheme in collaboration with Osram India, a German MNC and one of the two leading light manufacturers in the world. The initiative is a part of the demand side management programme to promote the use of highly efficient LED technology amongst households.



AP Govt signs pacts with SBJ Cleantech, Gamesa for solar, wind power projects


  • In a major boost to renewable energy sector, the Andhra Pradesh Government has inked memorandums with several companies with a total investment outlay potential of Rs. 19,000 crore.
  • SBJ Cleantech, a joint venture of SoftBank Corporation of Japan, Foxconn Technology Group of Taiwan and Bharti Enterprises; Gamesa, the Spanish wind turbine maker, and Accinona Energia signed separate agreements for setting up solar and wind power projects in the State.
  • The three-way venture of SBJ Cleantech has outlined plans to develop 2 Giga Watt solar (2000 MW) and One Giga Watt (1000 MW) wind power projects.
  • Wind power companies Gamesa, Suzlon, Regen Power and Renew Power have outlined their plans for over the next five years, which includes wind power projects and turbine facilities.
  • The Chief Minister, N Chandrababu Naidu, has assured strengthening of transmission network and wanted the developers to bring down the cost to Rs. 4 per unit from Rs. 6 now.



Andhra Pradesh CM inaugurates 'e-pragati'

  • The new Andhra Pradesh will create the right eco system for the IT companies and they should invest in the State to create a win-win situation for both, according to the Chief Minister, N Chandrababu Naidu.
  • He was speaking here on Friday after inaugurating e-pragati, an e-governance initiative of the State Government. The project is to completed in two years at a cost of Rs. 2,398 crore. It is a single integrated platform encompassing all government services and linking all government departments.
  • The Chief Minister said that "it is a citizen-centric project providing smart and unobtrusive government and it will be a very important tool in the development of the State in the coming years. It will be a model for other states to follow."
  • Financing the project would not be a problem, as the project would result in a saving of Rs. 1,500-2,000 crore in different departments, he said. He complimented Wipro and other IT companies associated with the project and sought their co-operation.


Awards & Honors –

Tunisian National Dialogue Quartet won the Nobel Peace Prize 2015


  • Tunisian National Dialogue Quartet won the Nobel Peace Prize 2015. It was announced by the Kaci Kullman Five, Chairman of the Norwegian Nobel Committee on 9 October 2015.
  • It was awarded for its decisive contribution to the building of a pluralistic democracy in Tunisia in the wake of Jasmine revolution of 2011.
  • The Quartet was picked from the pool of 273 nominees with German Chancellor Angela Merkel and Pope Francis among the list of top contenders to win the prize.
  • The first Nobel Peace Prize was awarded jointly in 1901 to Jean Henry Dunant, founder of International Committee of Red Cross and French peace activist and economist Frederic Passy.



A R Rehman chosen for 2015 Hridaynath Mangeskar Award


  • A R Rehman was on 8 October 2015 chosen for the 2015 Hridaynath Mangeskar Award.
  • The Academy award winning music composer and singer was chosen by the Hridayesh Art for his contribution to the Indian music in his career spanning over two decades.
  • He is expected to receive the award from veteran film maker Subhash Ghai on 26 October 2015 at a function in Mumbai.


List –

Forbes Asia’s Richest Families list released
  • Forbes on 7 October 2015 released the inaugural list of Forbes' 50 richest families in Asia. The list was topped by Lee (Byung-Chull) family of South Korea with 26.6 billion dollar. The revenue of Lees of Samsung Group in 2014 was equivalent to 22 percent of South Korea’s GDP.
  • Forbes on 7 October 2015 released the inaugural list of Forbes' 50 richest families in Asia. The list was topped by Lee (Byung-Chull) family of South Korea with 26.6 billion dollar. The revenue of Lees of Samsung Group in 2014 was equivalent to 22 percent of South Korea’s GDP.

Indian families in the list includes
  1. Ambani family of Reliance Group was ranked at 3rd position with combined wealth of 21.5 billion dollar
  2. Premji family of Wipro was ranked at the 7th position with combined wealth of 17 billion dollar
  3. Mistry family of Shapoorji Pallonji Group was ranked at 10th position with wealth of 14.9 billion dollar



Appointments –

Former FMC director appointed as Sebi ED


  • The Former Director of the Forward Markets Commission (FMC), SK Mahanty from the 29th September started serving as the Executive Director (ED), at Securities and Exchange Board of India (Sebi).
  • As ED he has been posted in the Commodity Derivatives Market Regulation Department. The department was created post the Sebi-FMC merger and is being headed by the Whole Time Member, Rajeev Kumar Agarwal.
  • Mahanty is from the Indian Revenue Services and served in various departments of Income Tax.



Obituaries –

Bollywood's veteran music composer Ravindra Jain dies at 71


  • Veteran music director Ravindra Jain, known for composing soulful music for films such as Geet Gata Chal and Chitchor , passed away on Friday after prolonged illness. He was 71 years old.
  • Jain, who had been keeping unwell for some time, was undergoing treatment at Lilavati Hospital in Mumbai’s Bandra. He was suffering from a kidney complication due to a urinary infection. He had been on ventilator and put on 24-hour dialysis.
  • Jain has to his credit films that set records on the box-office — many of them silver, golden, platinum and diamond jubilee ones, such as Saudagar, Chor Machaye Shor, Tapasya, Ankhiyon ke Jharokhon Se, Dulhan Wahi Jo Piya Man Bhaaye, Pati Patni aur Woh, Insaaf Ka Tarazoo, Fakira, Aatish, Ram Bharose, Do Jasoos, Nadiya Ke Paar, Brij Bhoomi, Paheli, Salaakhen, Pratighat, Yeh Aag Kab Bujhegi, Paramveer Chakra, Ram Teri Ganga Maili and Heena .



Popular Filipino Entertainer Elizabeth Ramsey Dies at 83

  • Elizabeth Ramsey, a popular Filipino singer, comedian and actress who entertained crowds with racy gags and a raspy voice, has died. She was 83.
  • Her daughter, Jaya Ramsey, said in a Facebook post that Ramsey died in her sleep Thursday, two months after suffering a stroke.
  • Ramsey entered the local entertainment world after winning a singing contest in the late 1950s and later became known as the Philippine Queen of Rock and Roll and Original Queen of Comedy.
  • She appeared in many television shows and movies and was nominated for a best supporting actress award in 1964. She also performed for the large ethnic Filipino communities scattered around the United States.






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