Wednesday, September 30, 2015

Current Affairs Update – 30th September, 2015

Hello and welcome to ExamPundit. Here are the Important Current Affairs of 30th September, 2015. These are Important for the upcoming IBPS PO Mains 2015 Exam.


List/Indexes –

Financial Times released data on FDI in H1 2015; India emerged most-favoured destination

  • London-based business daily Financial Times (FT) on 29 September 2015 released Foreign Direct Investment (FDI) data for the period January – June (H1) of 2015. As per the data, India in the first half of 2015 surpassed China to emerge as the most-favoured destination for FDI.
  • India received 31 billion dollar of foreign capital inflows through FDI during January-June 2015 while China with 28 billion dollars is placed at number two position. India and China are followed by the US with 27 billion dollars at third place.


Main Points with respect to India
  • FDI inflow into India grew 47% to 24 billion dollar in 2014, a year when many other major FDI destinations posted declined.
  • India has more than doubled its mid-year investment levels, attracting 30 billion dollars by the end of June 2015 compared to 12 billion dollars in the first half of 2014.
  • Ranking of top destinations for greenfield investment (measured by estimated capital expenditure) in the first half of 2015 shows India at number one having attracted roughly 3 billion dollar more than China and 4 billion dollar more than the US.



India up 16 places to 55th on global competitiveness index


  • In a big jump, India has moved up 16 positions to rank 55th on a global index of the world's most competitive economies, where Switzerland remains on top.
  • The jump in India's position underlines the country's recent economic recovery, improvement in the competitiveness of the country's institutions and its macroeconomic environment and a "slight improvement" in infrastructure, the World Economic Forum (WEF) said in its latest Global Competitiveness Report.
  • Globally, Switzerland has retained its top position as the world's most competitive economy for seventh year in a row and is followed by Singapore, the US, Germany and the Netherlands in the top-five.
  • These are followed by Japan, Hong Kong, Finland, Sweden and the UK in the top-ten.
  • Among emerging economies, India has ended five years of decline with a 16-place jump to 55th position. However, South Africa is ranked higher and it has re-entered the top 50, progressing seven places to 49th.
  • WEF said that the most problematic factors for doing business in India include corruption, policy instability, inflation and access to finance.


Industry –

NDTV signed 100 crore rupees deal with Taboola

  • NDTV Convergence, the digital wing of NDTV group, on 30 September 2015 signed a strategic deal with the US-based content recommendations engine Taboola worth around 100 crore rupees for 3 years. The deal is signed to boost the entire network of desktop and mobile sites of NDTV.
  • As per the agreement, Taboola will serve as the exclusive, multi-platform content discovery partner across all the sections of NDTV. Besides, Taboola will also provide advertisers with an option to target the premium NDTV audience through native content marketing. Both the companies will also work together to increase the user engagement.



Appointments –

Indian Government appointed four Brand Ambassadors for Digital India Programme


  • Government of India on 29th September 2015 announced that four brand ambassadors for Digital India programme were appointed.
  • The appointments were took place in the first week of July 2015 as part of the Digital India Week campaign.


List of Brand Ambassadors
  1. Satwat Jagwani, All India IIT-JEE —Advanced Topper -2015 (Student)
  2. Krati Tiwari, All India IIT-JEE —Advanced Girl Topper -2015 (Student)
  3. Ankit Fadia, Author & Ethical Hacker
  4. Pranav Mistry, Samsung USA (Computer Scientist & Author of 6th Sense)


The services of these Brand Ambassadors will be used for generating mass awareness for the programme for a period of one year since their nomination.


Jayant Prasad appointed as Director General of Institute for Defence Studies and Analyses


  • Former Indian ambassador to Nepal Jayant Prasad was on 29 September 2015 appointed as the Director General of Institute of Defence Studies and Analyses (IDSA), the prestigious New Delhi-based think tank on strategic affairs.
  • The post of Director General of IDSA had been vacant since August 2014. Prasad takes charge at IDSA at a special moment as 2015 marks the fiftieth year of existence of the think tank.
  • He began his career by specialising on the South Asian neighbourhood, he most prominently served in Afghanistan as the Indian Ambassador during 2008-2010 and as Ambassador to Nepal during 2011-2013.



Praveen Dixit appointed as Maharashtra DGP


  • Maharashtra Anti-Corruption Bureau chief Praveen Dixit was on 29 September 2015 appointed as the state's Director General of Police (DGP).
  • Dixit, a 1977-batch IPS officer who was heading the Anti-Corruption Bureau (ACB) will have tenure of just over a year.
  • Dixit succeeded Sanjeev Dayal who retired from his office on 30 September 2015.



Sportzlive appointed as official marketing partner for 2nd Indian Badminton League 2016

  • Sportzlive was on 30 September 2015 appointed as the official marketing partner for 2nd Indian Badminton League that is scheduled to be held from 2 January to 17 January 2016. Sportzlive's appointment was approved by the Badminton Association of India (BAI).
  • Sportzlive primarily focuses on investing and creating Sports Intellectual Property Rights (IPR) in the Indian Sub-Continent. Indian Badminton League 2 will feature six franchisee teams across India who will beef up their teams with the very best Indian and International Badminton players.
  • The player auction for the IBL 2 is scheduled for 20 November 2015.



India –

Maharashtra Government declared 2017 as Visit Maharashtra Year


  • The Maharashtra government on 28 September 2015 declared the year 2017 as the Visit Maharashtra Year to promote tourism in the state and thus to attract more tourists.
  • The government also launched international tourism promotion project Maharashtra International Travel Mart 2015 (MITM).
  • For attracting more tourists, the ministry of tourism of Maharashtra planned a lot of new initiatives to put Maharashtra on the global tourism map. One such initiative is an international Buddhist Conclave, which will be a B2B exhibition and will be held in March 2016.



INS Kochi: India's largest stealth warship commissioned


  • Naval warship INS Kochi was commissioned by Defence Minister Manohar Parrikar at the Naval Dockyard in Mumbai on September 30, 2015.
  • INS Kochi is the second ship of the Kolkata-class (Project 15A) Guided Missile Destroyers.
  • The warship is designed by the Navy’s in-house organisation, Directorate of Naval Design, and constructed by Mazagon Dock Ship builders Ltd. in Mumbai.
  • Although conceived as follow-on of the earlier Delhi class, the ship is vastly superior and has major advancements in weapons and sensors.

Top features
  • INS Kochi weighs over 7500 tonnes and is designed to achieve speeds in excess of 30 knots.
  • The ship is loaded with long-range BrahMos surface-to- surface missile.
  • It has 76 mm Super Rapid Gun Mount (SRGM) and AK 630 Close In Weapon System (CIWS) designed to take on air and surface targets.
  • INS Kochi's anti-submarine arsenal consists of Indigenous Rocket Launchers (IRL), Indigenous Twin-tube Torpedo Launchers (ITTL) and bow-mounted new generation HUMSA Sonar Dome.
  • It is equipped to operate two Sea King or Chetak helicopters.



World –

First-ever US-India-Japan Trilateral Ministerial dialogue held


  • The first-ever US-India-Japan Trilateral Ministerial dialogue was held on 29 September 2015. It was held on the sidelines of the 70th UN General Assembly session in New York.
  • The trilateral meet was attended by the Japanese Foreign Minister Fumio Kishida, US Secretary of State John Kerry and Union External Affairs Minister Sushma Swaraj.
  • During the meet, the foreign ministers of Japan, the United States and India agreed to coordinate policies in addressing China's increasing maritime activities.

Highlights of the dialogue
  • The three leaders agreed that the rule of law should be observed and that disputes should be settled peacefully to maintain peace and security in the Asia-Pacific region.
  • They also agreed to launch a trilateral meeting of experts to enable joint rescue and relief efforts in the event of major disasters.
  • The three countries agreed to work together to maintain maritime security through greater collaboration.
  • They also underscored the importance of international law and peaceful settlement of disputes, freedom of navigation and over flight and unimpeded lawful commerce, including in the South China Sea was also underscored.



IMF Announces Disbursement of USD 504 Million to Pakistan

  • The International Monetary Fund (IMF) has announced "immediate disbursement" of USD 504.8 million to Pakistan, bringing the total amount released to bolster the country's struggling economy to USD 4.54 billion.
  • The decision was announced yesterday after the IMF Executive Board completed 8th review of a 36-month extended fund facility for Pakistan on September 28.
  • The new disbursement brings total disbursements to Pakistan to about USD 4.54 billion, Dawn reported.
  • In completing the review, the board also approved the authorities' request for waivers of non-observance of the end-June 2015 performance criteria on the ceiling on overall budget deficit and the ceiling on net government budget borrowing from the State Bank of Pakistan.



Awards & Honors –

Indian-American environmental engineer Kartik Chandran named MacArthur Fellow


  • Kartik Chandran, an Indian-American associate professor of earth and environmental engineering at Columbia Engineering, on 29 September 2015 was named a 2015 MacArthur Fellow. He was also given a genius grant of 625000 US dollars for working on a novel solution to the world's need for food, clean water and energy.
  • Chandran has won the prestigious accolade for his work in transforming wastewater from a pollutant requiring disposal to a resource for useful products, such as commodity chemicals, energy sources and fertilisers.
  • Kartik Chandran is an IIT Roorkee graduate who uses microbes to turn wastewater into fertilizer, energy and potable water.



M.R. Poovamma (Athletics) and Babita Kumari (Wrestling) Receive Arjuna Award 2015

  • Minister of State (I/C) for Youth affairs and Sports Shri Sarbananda Sonowal here today conferred Arjuna Award 2015 to M.R. Poovamma (Athletics) and Babita Kumari (Wrestling).
  • Both awardees received statuette, certificate and award money of Rs.5 lakh each. M.R. Poovamma and Babita Kumari could not receive the Arjuna Award from President of India on 29August 2015 as both of them were abroad due to professional commitments.



Days –

International Translation Day observed on 30 September


  • The International Translation Day was observed across the world on 30 September 2015 with the theme The Changing Face of Translation and Interpreting.
  • Established by the International Federation of Translators (FIT), the annual celebration of the International Translation Day is an opportunity to pay tribute to the work of translators who endeavour to make the world a slightly smaller place by breaking down language barriers.
  • The work of translators is seen as being of growing importance due to growing opportunities for international travel and globalisation of trade markets. The event is marked with a series of dedicated events, seminars and symposiums across the world.



Sports –

Heena Sidhu, Shweta Singh win gold and silver at Asian AirGun Championship


  • Former world number one Heena Sidhu lived upto the billing as she clinched the gold medal in women's 10m air pistol to cap off India's campaign at the 8th Asian AirGun Championship on a winning note on Wednesday.
  • India also had the silver medal in the kitty as Shweta Singh stood second on the podium in the day's marquee event, ahead of bronze medallist Seon A Kim of Korea.
  • Having topped the qualification with a score of 387 alongside another young Indian shooter Yashaswini Singh Deshwal, former world champion Heena shot 197.8 to win the top prize in the final. Shweta aggregated 197.0, while Kim managed 175.8.
  • In her first international final, Yashaswini finished a creditable fourth after shooting 155.3.
  • India, thus, won an impressive haul of 17 medals, including six gold (two in individual senior), to finish as toppers in the continental event, which lost some sheen after the pull-out of powerhouse China and Korea's decision to not send numero uno pistol shooter Jin Jong-oh.
  • India bagged five silver and six bronze.



Books & Honors –

Hungry Bengal: War, Famine, Riots and the End of Empire authored by Janam Mukherjee


  • The book titled Hungry Bengal. War, Famine, Riots and the End of Empire authored by Janam Mukherjee was in news in fourth week of September 2015.
  • The book Hungry Bengal highlights the tumultuous period in the history of Bengal before the independence and after partition of India.  It says that Bengal represented both as a major front in the Indian struggle against colonial rule, as well as a crucial front in the British/American conflict with Japan during World War II.
  • It highlights that for the British the priority was to save the empire from imminent collapse, for the majority of the Indian population the 1940s were years of acute scarcity, violent dislocation and enduring calamity.






Regards



Team ExamPundit


Sponsored

Books For 2015 Banking/Insurance Exams

Current Affairs Quiz - September, 2015 - Set 9


Hello and welcome to ExamPundit. Here is the 9th Set of Current Affairs Quiz for the month of September, 2015.


1. The Trust Fund for Empowerment of Persons with Disabilities, under the Department of Empowerment of People with Disabilities (DEPwD), Ministry of Social Justice and Empowerment (MOSJ&E), signed a Memorandum of Understanding (MoU) with which of the following insurance company(s) for the Swavlamban Health Insurance Scheme for Persons with Disabilities?
1) Oriental Insurance
2) New India Assurance
3) National Insurance Company
4) Both 2 and 3
5) Both 1 and 3



2. Who was recently appointed the next Permanent Representative of India to the United Nations, New York?
1) Gautam Bambawale
2) Anil Wadhwa
3) Syed Akbaruddin
4) Navtej Sarna
5) Ranjan Mathai



3. What was the project cost of India’s 1st dedicated satellite for astronomy research ASTROSAT?
1) 480 Crore Rupees
2) 178 Crore Rupees
3) 350 Crore Rupees
4) 280 Crore Rupees
5) None of the above



4. Report Titled "Leveraging Urbanisation in South Asia" was recently released by ____________.
1) Asian Development Bank
2) World Bank
3) World Trade Organisation
4) Both 1 and 2
5) Both 1 and 3



5. West Bengal Governor KN Tripathi got additional charge of Governor of __________.
1) Assam
2) Tripura
3) Odisha
4) Jharkhand
5) Bihar



6. L. Budhachandra Singh is associated with which sport?
1) Wushu
2) Boxing
3) Wrestling
4) Archery
5) Table Tennis



7. The India Sign Language Research and Training Centre will initially be located in which city?
1) Hyderabad
2) Mumbai
3) Chennai
4) New Delhi
5) Bengaluru



8. In the fourth bi-monthly policy the Reserve Bank of India recently lowered the repo rate to _____.
1) 6.50%
2) 6.25%
3) 7.25%
4) 6.75%
5) 7.00%



9. India on 28th September 2015 signed a 123.51 million US dollar loan agreement with Asian Development Bank (ADB) to upgrade tourism infrastructure and services in which of the following state(s)?
1) Punjab
2) Uttarakhand
3) Himachal Pradesh
4) Both 1 and 3
5) All 1, 2 and 3



10. Joint military exercise named MITRA SHAKTI 2015 commenced recently. The military exercise is being held between India and ______.
1) Nepal
2) Bangladesh
3) Sri Lanka
4) Maldives
5) None of these



Regards



Team ExamPundit


Sponsored

Books For 2015 Banking/Insurance Exams

Warm Up Match - IBPS PO Prelims 2015


Hello and welcome to ExamPundit. Here is the Free Mock Test Paper for IBPS PO Prelims 2015. Please know that the answer with solutions of this Warm Up will be uploaded tomorrow evening.


Regards



Team ExamPundit


Sponsored

Books For 2015 Banking/Insurance Exams

Quantitative Aptitude Quiz for IBPS PO Prelims - Set 1


Hello and welcome to ExamPundit. Here is a set of Quantitative Aptitude Quiz for IBPS PO Prelims 2015.


1. A certain amount was to be distributed among A, B and C in the ratio 2 : 3 : 4 respectively, but was erroneously distributed in the ratio 7 : 2 : 5 respectively. As a result of this, B got  40 less. What is the amount?
(a) 210
(b) 270
(c) 230
(d) 280
(e) None of these





Solutions -


2. Rachita enters a shop to buy ice-creams, cookies and pastries. She has to buy atleast 9 units of each. She buys more cookies than ice-creams and more pastries than cookies. She picks up a total of 32 items. How many cookies does she buy ?
(a) Either 12 or 13
(b) Either 11 or 12
(c) Either 10 or 11
(d) Either 9 or 11
(e) Either 9 or 10





Solutions -


3. The fare of a bus is X for the first five kilometres and 13 per kilometre thereafter. If a passengre pays 2402 for a journey of 187 kilometres, what is the value of X ?
(a) 29
(b) 39
(c) 36
(d) 31
(e) None of these





Solutions -


4. The product of three consecutive even numbers is 4032. The product of the first and the third number is 252. What is five times the second number ?
(a) 80
(b) 100
(c) 60
(d) 70
(e) 90





Solutions -


5. The sum of the ages of 4 members of a family 5 years ago was 94 years. Today, when the daughter has been married off and replaced by a daughter-in-law, the sum of their ages is 92. Assuming that there has been no other change in the family structure and all the people are alive, what is the difference in the age of the daughter and the daughter-in-law ?
(a) 22 years
(b) 11 years
(c) 25 years
(d) 19 years
(e) 15 years





Solutions -


6. A bag contains 13 white and 7 black balls. Two balls are drawn at random. What is the probability that they are of the same colour?
(a) 41/190
(b) 21/190
(c) 59/190
(d) 99/190
(e) 77/190





Solutions -



7. Akash scored 73 marks in subject A. He scored 56% marks in subject B and X marks in subject C. Maximum marks in each subject were 150. The overall percentage marks obtained by Akash in all the three subjects together were 54%. How many marks did he score in subject C ?
(a) 84
(b) 86
(c) 79
(d) 73
(e) None of these





Solutions -


8. The area of a square is 1444 square metres. The breadth of a rectangle is 1/4th the side of the square and the length of the rectangle is thrice the breadth. What is the difference between the area of the square and the area of the rectangle ?
(a) 1152·38 sq metre
(b) 1169·33 sq metre
(c) 1181·21 sq metre
(d) 1173·25 sq metre
(e) None of these





Solutions -



9. 73,689 are divided between A and B in the ratio 4 : 7. What is the difference between thrice the share of A and twice the share of B ?
(a) 36,699
(b) 46,893
(c) 20,097
(d) 26,796
(e) 13,398





Solutions -



10. A and B together can complete a task in 20 days. B and C together can complete the same task in 30 days. A and C together can complete the same task in 40 days. What is the respective ratio of the number of days taken by A when completing the same task alone to the number of days taken by C when completing the same task alone ?
(a) 2 : 5
(b) 2 : 7
(c) 3 : 7
(d) 1 : 5
(e) 3 : 5





Solutions -




Regards




Team ExamPundit


Sponsored

Books For 2015 Banking/Insurance Exams

English Quiz for IBPS PO Prelims - Set 2


Hello and welcome to ExamPundit. Here is a set of English Quiz designed for IBPS PO Prelims 2015. The standard of the questions are normal. It is given to boost up your speed in English.


Directions (Q.1-5): Read the following passage carefully and answer the questions given below it. Certain words have been printed in bold to help you locate them while answering some of the questions.

The original design of "Oscar" was by MGM art director Cedric Gibbons. He came up with a statuette of a knight standing on a reel of film gripping a crusader’s sword. The Academy commissioned the Los Angeles sculptor George Stanley to create the design in three dimensions. It was presented for the first time at the initial awards banquet on May 16, 1929 to Emil Jannings, named Best Actor for his performances in "The Last Command" and "The Way of All Flesh". Since then, 2,701 statuettes have been presented. The new golden statuettes are cast, moulded, polished and buffed each January by RS Owens & Company, the Chicago based awards manufacturer retained by the Academy since 1982. Oscar stands 13½ inches tall and weighs 8½ lbs. The film reel features five spokes, signifying the five original branches of the Academy: actors, directors, producers, technicians and writers. Although the statuette remains true to its original design, the size of the base varied until 1945, when the current standard was adopted. Officially named the Academy Award of Merit, the statuette is better known by its nickname, Oscar. While the origins of the moniker are not clear, a popular story has it that upon seeing the trophy for the first time, Academy librarian (and eventual executive director) Margaret Herrick remarked that it resembled her Uncle Oscar. The Academy didn’t adopt the nickname officially until 1939. The statuettes presented at the initial ceremonies were gold plated solid bronze. Within a few years the bronze was abandoned in favour of Britannia metal, a pewter like alloy which is then plated in copper, nickel silver, and finally, 24- carat gold. Due to a metal shortage during the Second World War, Oscars were made of painted plaster for three years. Following the war, the Academy invited recipients to redeem the plaster figures for gold plated metal ones. The Academy is not certain know how many statuettes it will hand out until the envelopes are opened on the night of the ceremony. Although the number of categories are known in advance, the possibility of ties and of multiple recipients sharing the prize in some categories makes it impossible to predict the exact number of statuettes to be awarded. Any surplus awards are housed in the Academy’s vault until the following year's event.

1. Which of the following is true according to the passage:
(a) The perfect number of awards is always erratic
(b) Oscars were made of painted plaster always
(c) The film reel features five spokes, signifying the four original branches of the Academy
(d) Oscar stands 13½ inches tall and weighs 8½ kgs
(e) The Academy adopted the nickname officially until 1939


2. Which of the following is false according to the passage
(a) The Academy commissioned the Los Angeles sculptor George Stanley to create the design in three dimensions
(b) The statuettes presented at the initial ceremonies were gold plated solid bronze.
(c) Due to a metal shortage during the Second World War, the metal was changed.
(d) Actors, directors, producers, technicians and writers are not the only people who represent the five spokes
(e) The initial awards banquet was held on May 16, 1929


3. The meaning of Crusader used in second line is
(a) champion
(b) jury
(c) board
(d) committee
(e) member


4. An alloy means
(a) A metal made by combining two or more metals
(b) A metal made by combining gold and bronze
(c) A metal made by combining plaster of paris and copper
(d) A metal made by combining silver and gold
(e) A metal made by compressing two or more metals


5. Vault is
(a) A burial chamber
(b) tombstone
(c) cemetery
(d) park
(e) closet


Directions (Q.6-10): Each question below has a blank/ two blanks, each blank indicating that something has been omitted. Choose the word/ set of words from the five options for each blank that best fits the meaning of the sentence as a whole.


6. The seriousness of the situation is______ to appreciate in its ____.
(a) easy; complete
(b) different; wholesome
(c) difficult; totality
(d) hard; completeness
(e) tough; compliment


7. The new policy was adopted in the _______ of fierce _______.
(a) wake; opponent
(b) show; postponement
(c) teeth; criticism
(d) course; outcome
(e) reality; injustice


8. The computer is now an _______ tool for the family doctor.
(a) valuable
(b) valid
(c) price
(d) worth
(e) invaluable


9. A nasty incident was prevented by the _______ arrival of the police.
(a) timid
(b) rightly
(c) timely
(d) correct
(e) properly


10. The author _______ draws together the different _______ of the plot.
(a) nicely; theme
(b) tactfully; lines
(c) cleverly; link
(d) skillfully; threads
(e) truly; stories



Regards



Team ExamPundit


Sponsored

Books For 2015 Banking/Insurance Exams

Ask The Mentor - 30 September, 2015


Hello and welcome to ExamPunditIn this page, you can ask the Mentor or the Members your doubts.

Things you will be AUTHORISED to do:
1. Ask any questions regarding any exam
2. Ask for any materials
3. Ask for any suggestions
4. Any Question which is NOT COPIED from other websites
5. Discus any recent current affairs as a GD! Not "Who is who" or "What is what"


Things you are NOT ALLOWED TO DO -
1. Don't Post Links
2. Don't Post External Website Names, Suggestions or Any Other which involves other portals
3. No Chit-Chat = Hi, Hello?
4. No One Liner Current Affairs Quiz or Any Current Affairs Quiz



Regards



Team ExamPundit


Sponsored

Books For 2015 Banking/Insurance Exams

Tuesday, September 29, 2015

Current Affairs Update – 29th September, 2015

Hello and welcome to ExamPundit. Here are the Important Current Affairs of 29th September, 2015. These are important for the upcoming IBPS PO Mains 2015.


Finance/RBI –

RBI Fourth Bi-Monthly Policy: Lowest Repo After 4 years


  • The Reserve Bank of India (RBI) lowered the benchmark repo rate by 50 basis points to 6.75 percent. It kept the CRR unchanged at 4 percent.
  • This marks the fourth repo rate cut by the RBI since January 2015. 
  • However, it has lowered its FY16 GDP growth target to 7.4 percent from 7.6 percent. It also said the focus should now shift to bringing inflation down to 5 percent by FY17-end.

Types
Current Rate
Repo
 6.75% (Reduced by 50 bps)
Reverse Repo
 5.75 %
Bank rate
 7.75%
MSF
 7.75%
CRR
 4% (UNCHANGED)
SLR
 21.50%

  • The repo rate was last at 6.75 percent in March 2011.
  • However, the RBI cautioned that since the third bi-monthly statement of August 2015, global growth has moderated, especially in emerging market economies (EMEs), global trade has deteriorated further and downside risks to growth have increased.
  • However, as far as India is concerned, a tentative economic recovery is underway, but is still far from robust, the RBI statement states. 
  • The RBI has also said that foreign investment cap in government bonds will be relaxed in phases to 5 percent by March 2018. A hike in foreign investment limit in bonds will be announced every March, September.



RBI allows corporates to raise up to $750 mn via rupee denominated bonds overseas

  • The Reserve Bank of India (RBI) had allowed corporates to raise $ 750 million under the automatic route per annum by way of rupee denominated bonds overseas. "Cases beyond this limit will require prior approval of the Reserve Bank," said the central bank on 29 September, 2015.
  • The regulator has also allowed Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) to raise funds under this route. According to RBI the proceeds can be used for all purposes except for purchase of land, investing in capital market.
  • The proceeds cannot be used for equity investment domestically, real estate activities other than for development of integrated township or affordable housing projects etc.



Microsoft launches data centres in India at cost of $200 million


  • Microsoft India on 29th September, 2015 launched commercial cloud services from local data centres in India.
  • The company has invested around $200 million to set up three centres in Pune, Chennai and Mumbai. The Chennai Centre was inaugurated by Tamil Nadu Chief Minister J Jayalalithaa.
  • Karan Bajwa, managing director, Microsoft India, who was in Chennai to be part of the inauguration, said that the company will offer Microsoft Azure services via local data centres in India.
  • In addition to the Microsoft Azure services launching, Office 365 services will be available from October 2015. Dynamics CRM Online services will follow in the first half of 2016.
  • The current market share of Microsoft in the Indian public cloud market is 30%. Research firm Gartner estimates the FY15 cloud market at around $838 million. It says the sector is growing at 68-72%.



SBI cuts lending rate by 0.4%


  • Soon after reduction in repo rate by the Reserve Bank, country’s largest lender State Bank of India (SBI) on 29th September, 2015 slashed minimum lending or base rate by 0.4 per cent to 9.3 per cent, setting the trend for benign interest rate regime.
  • With the reduction in the base rate, all loans, including home, auto and corporate, would become cheaper by at least 0.40 per cent.
  • The bank has decided to reduce the base rate by 0.40 per cent to 9.3 per cent with effect from October 5, SBI said in a statement.
  • Meanwhile, Andhra Bank also reduced its base rate by 0.25 per cent to 9.75 per cent effective today.
  • Base rate is the minimum rate below which a bank can’t lend to consumers.
  • RBI cut benchmark repurchase (repo) rate from 7.25 per cent to 6.75 per cent, lowest in four-and-half-years.



India signed 123.51 Million US dollar Loan Agreement with Asian Development Bank


  • India on 28th September 2015 signed a 123.51 million US dollar loan agreement with Asian Development Bank (ADB) to upgrade tourism infrastructure and services in Punjab, Uttarakhand and Himachal Pradesh.
  • The agreement was signed by M Teresa Kho, Country Director for ADB in India and Raj Kumar, Joint Secretary (Multilateral Institutions), Department of Economic Affairs, Union Ministry of Finance.
  • The loan will be used for development and conservation of the places of tourist attractions. It will also be used to improve basic tourism facilities and to build the capacity of sector agencies and local communities in the States of Himachal Pradesh, Uttarakhand and Punjab.
  • This is the third tranche loan agreement and it is a part of the 250 million US dollar multi-tranche financing facility named Infrastructure Development Investment Program for Tourism that was approved by ADB in 2010.



Appointments –

Neelesh Garg appointed MD and CEO of Tata AIG General Insurance


  • Neelesh Garg has been appointed as the new managing director and chief executive officer of Tata AIG General Insurance. Garg takes over from K K Mishra, who retires this month.
  • Prior to this, Garg was executive director at ICICI Lombard General Insurance, where he spent over 12 years. He was instrumental in setting up the retail division in 2003 and in his role, he was responsible for all personal lines business as well as leading ICICI Lombard's foray into international markets.



Meghalaya Governor Shanmuganathan got additional charge of Governor of Manipur


  • Governor of Meghalaya V. Shanmuganathan was appointed as the Governor of Manipur by the President Pranab Mukherjee on 28 September 2015.
  • He was given the additional duties of Manipur after the demise of incumbent Dr. Syed Ahmed Khan.
  • He will discharge the functions of the Governor of Manipur, in addition to his own duties, until regular arrangements are made.
  • 64-year-old Shanmuganathan, who joined BJP in 2003, was appointed as Governor of Meghalaya on 20 May 2015.
  • Ahmed, a former congress leader from Maharashtra, was appointed as the Governor of Manipur on 16 May 2015. He was shifted to the north-eastern State from Jharkhand, where he was holding the post of Governor from August 2011 when the UPA Government was in power at the Centre.



Awards & Honors –

Indo-British van driver Dee Patel honoured with Pride of Britain Award


  • Prince Charles of Britain on 28 September 2015 awarded Indo-British van driver Dee Patel with the Pride of Britain Award. Patel had risked his life to save others.
  • Daily Mirror newspaper organised a ceremony at the Governor House in London where Patel was given the award in the outstanding bravery category.
  • When Patel set off for his routine job on 18 May 2005, he noticed a car ahead of him that was dangerously out of control on the M25 motorway.  Soon, he realised that the driver of the car, a young woman, slumped unconscious over the steering wheel. It was when Patel, without wasting any time, came for the rescue of the woman.



India –

Indo Sri Lanka Joint Exercise MITRA SHAKTI 2015 Commenced from 29 Sep


  • In continuation with the series of Joint Exercise between India and Sri Lanka to build Military to Military co-operation and interoperability, Exercise MITRA SHAKTI-2015 will be conducted shortly at Pune with the scheduled arrival of the Sri Lankan contingent at Aundh Camp on 29 September 2015. This will be the third joint training exercise between the two Armies.
  • The exercise is planned for a duration of 14 days with the basic objective of enhancing confidence and trust between the two militaries, which are often called upon to engage in anti terrorism operations including those under the UN mandate. The conduct of Joint Military Exercise is also an important step to uphold the values of Peace, Prosperity and Stability in the region. Senior military observers of both the countries will be attending the Final Tactical Exercise scheduled to be held at Aundh Military Station on 10 and 11 Oct 2015.
  • Exercise MITRA SHAKTI-2015 will contribute immensely in developing mutual understanding and respect for each other’s military.


Obituaries –

Twin Peaks star Catherine Coulson Dies at 71


  • Actress Catherine E Coulson, who playsed the Log Lady on David Lynch's hit TV show Twin Peaks, has died at the age of 71.
  • Coulson was set to return to the new Showtime revival of of the show, reported Variety.
  • Coulson worked with Lynch as assistant director on his 1977 debut feature Eraserhead where they first started discussing the idea of a woman who carried around a log.
  • She appeared in Lynch's 1974 short film The Amputee as a woman with both legs amputated.
  • Coulson also worked as first or second assistant camera on Star Trek II: The Wrath of Khan, Modern Romance, Youngblood and Night on Earth.
  • Coulson was married to Eraserhead and Twin Peaks star Jack Nance. She later married Marc Sirinsky, with whom she had a daughter.





TIRED OF WAITING for Daily Updates at Once????

Well, We have a revamped Current Affairs Portal for All of you. For Impromptu updates and saving them by COPYING visit our Portal NOW!!!!
Yes, we do have given the permission to copy from the portal.




Regards



Team ExamPundit


Sponsored

Books For 2015 Banking/Insurance Exams

Current Affairs Quiz - September, 2015 - Set 8


Hello and welcome to ExamPundit. Here is a set of Current Affairs Quiz for the Month of September. This is the 8th Set of this Month.


1. Name the India's first visually challenged MP who recently passed away.
1) Sadhan Gupta
2) Syed Ahmed
3) Hoping Stone Lyngdoh
4) Jagmohan Dalmiya
5) None of them



2. Who was recently elected as the new chairman of the US India Business Council (USIBC)?
1) Richie Richardson
2) Matthias Muller
3) Vikram Pawah
4) John T Chambers
5) Samanth Subramanium



3. Which of the following country recently launched carrier rocket Long March-11?
1) Japan
2) China
3) Indonesia
4) South Korea
5) Australia



4. Which of the following company recently launched quadricycle Qute?
1) Mahindra
2) Tata
3) Hyundai
4) Bajaj
5) Maruti Suzuki



5. Fast Bowler Frank Tyson who recently passed away was from which of the following country?
1) South Africa
2) Australia
3) New Zealand
4) Zimbabwe
5) England



6. Name the the Indian to get Harry Messel Award for Conservation Leadership.
1) Shiv Nadar
2) Permila Tirkey
3) Samanth Subramanium
4) Goutam Narayan
5) Vikramjit Sahney



7. World Rhino Day is observed on _____.
1) 23rd September
2) 22nd September
3) 24th September
4) 25th September
5) 21st September



8. Which of the following organisation recently released a report titled "International Migration Outlook 2015"?
1) World Bank
2) International Monetary Fund
3) Asian Development Bank
4) Organisation for Economic Co-operation and Development
5) Both 1 and 4



9. With which of the following state did Telengana ink Power Supply pact to buy 1000 MW power?
1) Maharashtra
2) Madhya Pradesh
3) Chattisgarh
4) Odisha
5) Jharkhand



10. Who was recently appointed as the India's Ambassador to China?
1) Anil Wadhwa
2) Harsh V Shringla
3) Vijay Gokhale
4) Navtej Sarna
5) Gautam Bambawale



11. Which of the following Indian company recently tied up with Liquid Telecom in Africa to speed up the network speed?
1) Reliance Communications
2) Bharti Airtel
3) Tata Communications
4) Aircel
5) All of the above



12. Which of the following Indian company did invest $10 mn in logistics data startup LogiNext?
1) Flipkart
2) Snapdeal
3) PayTM
4) Ola
5) Jabong



13. In which of the following country did Researchers develop SafePay prototype system to prevent mass credit card fraud?
1) Japan
2) China
3) Singapore
4) Australia
5) The US



14. Sujan Chinoy was recently appointed as the Indian Ambassador to which of the following country?
1) Japan
2) Germany
3) Sri Lanka
4) Bangladesh
5) Mexico



15. Agriculture Division of National Institution for Transforming India (NITI) Aayog recently constituted T Haque Expert Group for which of the following purpose?
1) Drought
2) Water Management
3) Land Leasing
4) Fertilization
5) All of the above



:: Get the other sets of Current Affairs Quiz of this Month from Here ::


Tired of Waiting for daily CA updates?

You can always access our CA Portal and get Impromptu updates. And guess what? You can copy from there!!





Regards



Team ExamPundit


Sponsored

Books For 2015 Banking/Insurance Exams