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Wednesday, October 19, 2016

Current Affairs Update – 19th October, 2016

Hello and welcome to exampundit . Here are the important Current Affairs of 19th October, 2016. These are important for the upcoming IBPS PO Mains, IBPS Clerk Mains, NIACL AO Mains and BOM PGDBF 2016 Exams.


Current Affairs at a Glance – 19th October, 2016
  1. India and Myanmar on 19 October 2016 signed three agreements to boost the bilateral relations between the two nations. Keeping in view the sensitivity of each other’s strategic interests, the two nations also agreed for close security coordination in border areas.
  2. The Telangana Government has signed a memorandum of understanding (MoU) with the Government of Illinois State for collaboration and interaction between the two States in various fields in the form of sharing expertise.
  3. The Union Government in the second week of October 2016 has formally granted a licence to BP Plc to set up 3500 petrol pumps in India.
  4. Water Jet Fast Attack Craft (WJFAC) INS Tihayu was commissioned into the Indian Navy by the Flag-Officer-Commanding-in-Chief of the Eastern Naval Command Vice-Admiral H.C.S. Bisht, here on Wednesday.
  5. S P Yadav on 18 October 2016 was elected the new President of the North Zone of Urology Society of India (NZUSI). His tenure would begin from October 2017 for a period of one year.
  6. Kigeli V Ndahindurwa, the last king of Rwanda, passed away on 16 October 2016 in Virginia, U.S



Finance/Economy –

India, Myanmar signed 3 MoUs including Cooperation in the field of Power Sector

  • India and Myanmar on 19 October 2016 signed three agreements to boost the bilateral relations between the two nations. Keeping in view the sensitivity of each other’s strategic interests, the two nations also agreed for close security coordination in border areas.
  • The MoUs were inked in New Delhi after delegation level talks with the visiting State Counsellor of Myanmar Aung San Suu Kyi. Suu Kyi was on a three day visit to India.

Agreements inked includes
  1. MoU for designing an academic and professional building programme for insurance industry of Myanmar. The MoU was signed between Financial Regulatory Department of Myanmar and Insurance Institute of India.
  2. MoU on Cooperation in the field of Power Sector: India has also offered to enhance power supply from Moreh in Manipur to Tamu in Myanmar.
  3. MoU on Banking Supervision between RBI and Central Bank of Myanmar.

Besides, the two countries also agreed to enhance engagement in several areas like to develop a mutually beneficial arrangement for trade in pulses. India also said that the Archaeological Survey of India will soon begin work on restoring two old temples and inscriptions of King Mindon and King Baygyidaw in Bodh Gaya.

Telangana inks MoU with Illinois

  • The Telangana Government has signed a memorandum of understanding (MoU) with the Government of Illinois State for collaboration and interaction between the two States in various fields in the form of sharing expertise.
  • The agreement was signed by Principal Secretary (Industries and Commerce) Arvind Kumar on behalf of Telangana and Secretary of Innovation & Technology and Chief Information Officer Hardik Bhatt on behalf of Illinois at Chicago on Monday.
  • Telangana Minister for Industries and IT K. Taraka Rama Rao and Consulate General of India in Chicago Dr. Ausaf Sayeed were present at the event. The MoU was signed as part of Mr. Rama Rao’s second leg of business visit to the USA to promote Telangana and attract investments to the State. According to officials, the agreement would facilitate cooperation in the areas of Smart State Solutions, e-Governance, entrepreneurship, innovation, business incubators, job creation and best practices between the two States. Under the Smart State solutions, Illinois State would introduce “Array of Things” sensors for air pollution monitoring in Telangana.
  • The two States would also share best practices, tools and processes for disaster/emergency management, data management, data analytics, open data and Intelligent Transportation Systems.



Union Government grants BP Plc licence to set up petrol pumps in India

  • The Union Government in the second week of October 2016 has formally granted a licence to BP Plc to set up 3500 petrol pumps in India.
  • The company was granted a formal licence on 14 October 2016. It was granted licence to market Motor Spirit (petrol) and High Speed Diesel (diesel). With this, BP became the 10th company to enter the fuel retailing sector.
  • BP plc is a British multinational oil and gas company headquartered in London, England.


India –

INS Tihayu commissioned

  • Water Jet Fast Attack Craft (WJFAC) INS Tihayu was commissioned into the Indian Navy by the Flag-Officer-Commanding-in-Chief of the Eastern Naval Command Vice-Admiral H.C.S. Bisht, here on Wednesday.
  • The 315-tonne INS Tahiyu is the sixth WJFAC Car Nicobar Class vessel to be commissioned and allotted to the Eastern Fleet of the Navy.
  • According to Vice-Admiral Bisht, four of the vessels are based in Chennai and two, including Tahiyu, will be stationed in Visakhapatnam.
  • Built by Kolkata-based shipyard Garden Reach Shipbuilders and Engineers (GRSE), INS Tahiyu is the 20th vessel in this class to be built by the shipyard.
  • It is an improved version of the earlier vessels and it can achieve a top operating speed of 35 knots per hour, said the Chairman and Managing Director of GRSE Rear Admiral (retd) A.K. Verma.


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UK group signs healthcare MoU with Indian company

  • A health care group based in northeast England today said it had signed an MoU with a leading Indian health care provider to share expertise in integrated medical care.
  • Northumbria Healthcare NHS Foundation Trust and Northumberland County Council (Northumbria) signed the MoU with Indo-UK Healthcare Pvt Ltd (IUHP) in support of the Indo-UK Institute of Health (IUIH) programme.
  • The IUIH programme is one of the world's largest health care initiatives currently underway, aimed at transforming the provision of quality healthcare and medical education services across India.
  • It will deliver a staged rollout linked to the Indian government'sSmart City programme across 100 cities and will involve the setting up of 11 Indo UK Institute of Health Medicities along with 89 Indo UK Clinics across the 100 smart cities.


Appointments –

S P Yadav elected new President of North Zone of Urology Society of India

  • S P Yadav on 18 October 2016 was elected the new President of the North Zone of Urology Society of India (NZUSI). His tenure would begin from October 2017 for a period of one year.
  • The announcement was made at the conclusion of a three-day annual conference held under the auspices of the Agra Urology Association from 16 October to 18 October 2016.


Obituaries –

Kigeli V Ndahindurwa, last king of Rwanda, dies

  • Kigeli V Ndahindurwa, the last king of Rwanda, passed away on 16 October 2016 in Virginia, U.S. He was 80.
  • King Kigeli V came to power in 1959 but was only king of Rwanda until 1961, when the monarchy was abolished and he was forced into exile.
  • King Kigeli V eventually settled in the United States where he set up a charity helping Rwandan refugees and orphans.






Regards



Team ExamPundit

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