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Wednesday, October 26, 2016

Current Affairs Update – 26th October, 2016

Hello and welcome to exampundit . Here are the important Current Affairs of 26th October, 2016. These are important for the upcoming IBPS PO Mains, IBPS Clerk Mains, IBPS RRB OA & OS-I Mains and NICL AO & IPPB PO 2016 Exams.


Current Affairs at a Glance - 26 October, 2016
  1. BSE Institute Ltd has entered into a memorandum of understanding (MoU) with New Zealand’s University of Otago to offer programs at the undergraduate and postgraduate levels.
  2. The Union Ministry of Urban Development on 25 October 2016 signed a Memorandum of Understanding (MoU) with National Buildings Construction Corporation (India) Ltd and Central Public Works Department (CPWD).
  3. The fourth edition of the India-Sri Lanka Joint Military Exercise Mitra Shakti 2016 began on 24 October 2016 at Sinha Regimental Centre in Ambepussa, Sri Lanka. The exercise will continue till 6 November 2016.
  4. Prime Minister Narendra Modi on 25 October 2016 inaugurated 2016 National Tribal Carnival at Indira Gandhi Indoor Stadium in New Delhi. The carnival aims at promoting a sense of inclusiveness amongst the tribals.
  5. The Uttarakhand High Court on 25 October 2016 ordered a complete ban on the sale of whitener in the state. The decision came following the death of a teenager (14-year-old) in Bhowali town of Nainital district after he sniffed an excess of whitener for a kick.
  6. All India Radio’s (AIR’s) entry Diary of a Tiger (एक बाघ की डायरी) in October 2016 won the first prize in the Community Service Announcement category of the prestigious Asia-Pacific Broadcasting Union (ABU) awards for the year 2016.
  7. Paul Beatty on 25 October 2016 became the first US author to win the Man Booker Prize. He won the award for his racial satire, 'The Sellout' at a ceremony in London's Guildhall.
  8. Fédération Internationale de Football Association (FIFA) on 21 October 2016 unveiled the Official Mascot for the 2018 World Cup. The Official Mascot for the 2018 FIFA World Cup Russia is named Zabivaka, which means ‘the one who scores’ in Russian. The mascot is the wolf developed by student designer Ekaterina Bocharova.
  9. The World Bank Group on 25 October 2016 released the report titled Doing Business 2017: Equal Opportunity for All. It is the 14th report in a series of annual reports measuring the regulations that enhance business activity and those that constrain it.  India moved one rank up to the 130th position in the Report.
  10. Ralf Speth, CEO of Jaguar Land Rover, and N Chandrasekaran, CEO & Managing Director of Tata Consultancy Services (TCS), were appointed as additional directors on its Board.


Economy –

BSE Institute sings MoU with New Zealand’s University of Otago

  • BSE Institute Ltd has entered into a memorandum of understanding (MoU) with New Zealand’s University of Otago to offer programs at the undergraduate and postgraduate levels.
  • The MoU between BSE Institute and University of Otago will give the students an opportunity to study overseas.
  • The offerings are the Master of Professional Accounting (MProfAcct), which is a professionally accredited accounting program aimed at graduates of any discipline who want to pursue a career in accounting, and MBA and The India Immersion Program, whereby the students from New Zealand will get the opportunity to visit India and learn about the Indian Financial Markets, about the Indian economy and also the Indian culture, according to a release.


Union Ministry of Urban Development signs MoU with NBCC (India) Ltd & CPWD

  • The Union Ministry of Urban Development on 25 October 2016 signed a Memorandum of Understanding (MoU) with National Buildings Construction Corporation (India) Ltd and Central Public Works Department (CPWD).
  • The MoU was signed for the redevelopment of General Pool Residential Accommodation (GPRA) colonies in New Delhi.

Highlights of the MoU
  • The NBCC will redevelop Sarojini Nagar, Netaji Nagar, Nauroji Nagar and CPWD will redevelop Kasturba Nagar, Thyagraj Nagar, Srinivaspuri and Mohammadpur.
  • The total estimated cost of the project is 32835 crore rupees including maintenance and operation costs for 30 years.
  • The cost of works assigned to NBCC will be 24682 crore rupees and to CPWD will be 7793 crore rupees.
  • The project will be implemented on self-financing basis by sale of commercial Built up Area (BUA) of 8.07 lakh sqm constructed in Nauroji Nagar and parts of Sarojini Nagar by NBCC as a part of the project.
  • Under the Project, the existing housing stock of 12970 will be replaced by approximately 25667 dwelling units, with supporting social infrastructure facilities.
  • The construction of the project will be completed in five years in a phased manner.


India –

Indo-Sri Lanka Joint Military Exercise Mitra Shakti 2016 begins

  • The fourth edition of the India-Sri Lanka Joint Military Exercise Mitra Shakti 2016 began on 24 October 2016 at Sinha Regimental Centre in Ambepussa, Sri Lanka. The exercise will continue till 6 November 2016.
  • The main focus of this edition of the joint exercise is to enhance inter-operability while carrying out Counter Insurgency (CI)/Counter Terrorism (CT) operations under the United Nations Mandate.
  • Highlights of Mitra Shakti 2016
  • The Indian Contingent is represented by a platoon from the Rajputana Rifles Regiment and the Sri Lankan Army is represented by a platoon from the Sinha Regiment.
  • In the initial two stages, both armies will get familiar with the respective methodology of such operations, each other’s arms and equipment and the command and control systems. 
  • It will then graduate towards tactical understanding to enhance inter operability while carrying out Counter Insurgency (CI)/Counter Terrorism (CT) operations.





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Prime Minister inaugurates 2016 National Tribal Carnival

  • Prime Minister Narendra Modi on 25 October 2016 inaugurated 2016 National Tribal Carnival at Indira Gandhi Indoor Stadium in New Delhi. The carnival aims at promoting a sense of inclusiveness amongst the tribals.
  • About 1600 Tribal Artists from the various States/UTs performed carnival parade in their traditional attire during the inaugural ceremony.

Highlights
  • It was organised by Union Ministry of Tribal Affairs
  • The four-day long National Tribal Carnival was planned to preserve and promote various facets of the tribal life relating to culture, tradition, customs and their skills.
  • The carnival will showcase and promote various facets of tribal culture on a large scale.
  • More than 1600 tribal artists and around eight thousand tribal delegates from across the country are expected to take part in the carnival.


HC bans sale of whitener in Uttarakhand

  • The Uttarakhand High Court on 25 October 2016 ordered a complete ban on the sale of whitener in the state. The decision came following the death of a teenager (14-year-old) in Bhowali town of Nainital district after he sniffed an excess of whitener for a kick.
  • The single bench of Justice Rajeev Sharma directed the state government to put a complete ban on its sale.
  • Besides, the court also ordered that items such as Iodex and Feviquick should not be sold to children below 18 years of age in view of prevalent abuse of these among teenagers. The court said, it must also be ensured that no minor gets entry into hookah clubs.
  • Earlier in October 2016, while rejecting the bail plea of an alleged drug peddler, the court had directed the Principal Secretary of the state to constitute a special task force to combat drug abuse.


Awards & Honors –

AIR's entry on dwindling tiger habitats wins ABU award

  • All India Radio’s (AIR’s) entry Diary of a Tiger (एक बाघ की डायरी) in October 2016 won the first prize in the Community Service Announcement category of the prestigious Asia-Pacific Broadcasting Union (ABU) awards for the year 2016.
  • Dairy of a Tiger was declared the winner at an award ceremony held in Bali, Indonesia, on the sidelines of ongoing 53rd ABU General Assembly and Associated Meetings. The award includes a trophy, certificate and cash prize of 2000 US Dollars.
  • Abhinay Srivastava received his award by Asia-Pacific Broadcasting Union (ABU) in association with RRI (Radio Republic Indonesia) & MMIT (Ministry of Communication and Informatics), Indonesia.


Paul Beatty wins 2016 Man Booker Prize

  • Paul Beatty on 25 October 2016 became the first US author to win the Man Booker Prize. He won the award for his racial satire, 'The Sellout' at a ceremony in London's Guildhall.
  • The novel tells the story of a young black man who tries to reinstate slavery and racial segregation in a suburb of Los Angeles. Chair of the Judges, Amanda Foreman, said the book managed to eviscerate every social taboo.


Sports –

FIFA unveils Official Mascot for 2018 World Cup

  • Fédération Internationale de Football Association (FIFA) on 21 October 2016 unveiled the Official Mascot for the 2018 World Cup.
  • The Official Mascot for the 2018 FIFA World Cup Russia is named Zabivaka, which means ‘the one who scores’ in Russian. The mascot is the wolf developed by student designer Ekaterina Bocharova.
  • The selected mascot had received 53 per cent of the votes, followed by the tiger (27 per cent) and the cat (20 per cent).


FIH appoints Jason McCracken as Chief Executive Officer

  • The International Hockey Federation (FIH) on 25 October 2016 appointed New Zealand's Jason McCracken as its Chief Executive Officer (CEO).
  • McCracken will take over FIH in February 2017. He will replace Kelly Fairweather, who is leaving for the International Tennis Federation after six years in the role.
  • McCracken is a renowned figure in hockey family. He served as an Olympic and World Cup umpire, FIH committee member and technical official for over 20 years.
  • McCracken’s most recent appointments were technical delegate at the Rio 2016 Olympics and tournament director at the 2014 men's hockey World Cup in The Hague, Netherlands.


Reports –

World Bank releases report titled Doing Business 2017: Equal Opportunity for All

  • The World Bank Group on 25 October 2016 released the report titled Doing Business 2017: Equal Opportunity for All. It is the 14th report in a series of annual reports measuring the regulations that enhance business activity and those that constrain it.
  • Data in Doing Business 2017 Report are current as of 1 June 2016. The indicators are used to analyze economic outcomes and identify what reforms of business regulation have worked, where and why.

Highlights of the report
  • It finds that entrepreneurs in 137 economies saw improvements in their local regulatory framework last year. Between June 2015 and June 2016, the report documented 283 business reforms.
  • Reforms reducing the complexity and cost of regulatory processes in the area of starting a business were the most common in 2015/16.
  • The next most common reforms were in the areas of paying taxes, getting credit and trading across borders.
  • In its global country rankings of business efficiency,  the report awarded its coveted top spot to New Zealand, Singapore ranked second, followed by Denmark at third position.
  • Hong Kong SAR, China, Korea, Norway, United Kingdom, United States and Sweden were among the top 10 countries in global country rankings.

India in Doing Business 2017 Report
  • India moved one rank up to the 130th position in the Report. This marginal improvement came on the back of slight improvement in four indicators- getting electricity, enforcing contracts, trading across borders and registering property.
  • In the 2017 rankings, the only major improvement for India was seen in the area of getting electricity. The report recognised the efforts of Tata Power in Delhi to make it faster and cheaper to obtain a connection.
  • In terms of starting a business, India’s ranking went down to 155th position from 151st last year. This was also true for registering a property.
  • In terms of resolving insolvency, the country’s position slid a single rank to 136 from 135 last year.
  • India’s ranking in trading across borders also fell by 10 spots to 143 though the World Bank recognized India’s reforms in making imports and exports easier through the launch of the ICEGATE portal.
  • For India, the ranking covers data from Delhi and Mumbai, with weights of 53 percent and 47 percent, respectively.


Appointments –

JLR CEO Ralf Speth, TCS CEO N Chandrasekaran appointed to Tata Sons board

  • In keeping with the tradition of promoting group company CEOs to the Tata group holding company, Tata Sons’ board, Ralf Speth, CEO of Jaguar Land Rover, and N Chandrasekaran, CEO & Managing Director of Tata Consultancy Services (TCS), were appointed as additional directors on its Board.
  • Both Chandrasekaran, 53, and Speth, 61, are running the most successful operations of the Tata group.
  • Earlier during the tenure of Ratan Tata, RK Krishna Kumar, MD of Tata Tea and JJ irani, MD of Tata Steel were also appointed on Tata Sons board. Similarly, late JRD Tata had appointed late Sumant Moolgaokar and late Darbari Seth on the TSL board.


Obituaries –

Legendary footballer Carlos Alberto Torres dies

  • Legendary footballer Carlos Alberto Torres passed away on 25 October 2016 at Rio de Janeiro, Brazil. He was 72.
  • Carlos was known for scoring one of the greatest goals in World Cup history in the 1970 final against Italy.





Regards



Team ExamPundit

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