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National – Across the India:
1. Rajnath Singh inaugurates 10 days long ‘Rashtriya Sanskriti Mahotsav – 2016’.
The celebrated festival will continue to connect people with India’s rich culture till 24th October 2016.
2. PM Narendra Modi unveiled the war memorial ‘Shaurya Smarak’ in Bhopal, Madhya Pradesh.
The ‘Shaurya Smarak’ was constructed by the state government in honour of those who laid down their lives for the country.
3. The mines ministry came out with mining surveillance system (MSS).
It is a pan India surveillance network using latest satellite technology, to check illegal mining.
4. Prime Minister Narendra Modi inaugurated three hydro-electric projects (HEPs) with a generating capacity of 1,732 MW in Himachal Pradesh.
These three hydro-electric projects are:
5. Prime Minister Narendra Modi launched national SC/ST (Schedule Castes/Schedule Tribes) hub in Ludhiana.
It is for the welfare of SC/ST entrepreneurs.
The hub was started with an initial outlay of 490 crore rupees.
6. Kashmiri Hangul will be counted in “Critically Endangered” category by the International Union for Conservation of Nature (IUCN).
Hangul is a Kashmiri Stag.
7. The Election Commission of India hosted the first ever International Conference on Voter Education in New Delhi.
It has been organized with an aim to share best practices, initiatives and policies of voter education by election management bodies.
8. The Union Ministry of Railways has declared the Okha-Kanalus and the Porbandar-Wansjaliya railway sections of Gujarat as Green Train Corridors.
All trains passing on these 175-km long lines (141-km-long Okha-Kanalus route and the 34-km-long Porbandar-Wansjaliya route) are now equipped with bio-toilets.
9. Maharashtra Government launched Kaushalya SETU (Self-Employment and Talent Utilisation) initiative.
This is a skill development programme for students.
It is likely to generate employment for as many as 7.5 lakh people in state.
10. The Union Government has launched the regional air connectivity scheme UDAN (Ude Desh ka Aam Naagrik).
It seeks to get more people to fly in the smaller towns.
It will be rolled out by January, 2017 and will be in operation for a period of 10 years.
International – Across the Globe:
1. The five-nation group of emerging economies – BRICS has agreed to set up an independent BRICS Rating Agency.
It is set to challenge western hegemony in the world of finance.
2. The 8th BRICS (Brazil, Russia, India, China and South Africa) summit was held from 15 to 16 October 2016 in Benaulim city of Goa, India.
1. Brazil has lifted the 1st BRICS U-17 Football Tournament 2016 held in Goa.
In the Finals they defeated South Africa 5-1.
2. Indian Cricket Team has become the first team to play 900 ODIs.
900th One Day International (ODI) match between India and New Zealand was held at the HPCA stadium in Dharamshala.
Out of the 899 ODI’s, India has won 454, lost 399, tied 7, while 39 have been abandoned.
3. Sourabh Varma clinched the men’s singles title at the Chinese Taipei Open.
He defeated Malaysia’s Daren Liew in the summit clash of the $55,000 Grand Prix tournament in Taipei.
4. Four Indian wrestlers have won four medals individually including a gold medal, at the sixth edition of the TAFISA World Games held in Jakarta, Indonesia.
Dalmiya had won gold medal in 60 kg category.
Luv Singh had won the silver medal in the 80 kg category.
Naveen Kumar had won the bronze medal in 90 Kg category.
Josil had won the bronze medal in the super heavyweight category.
5. Indian boxer Neeraj Goyat retains WBC Asia welterweight title.
He defeated Australia’s Ben Kite.
6. The book titled “Driven: The Virat Kohli Story” has launched.
It is written by senior journalist Vijay Lokapally and published by Bloomsbury India.
7. Decision Review System (DRS) will be used in upcoming India- England cricket test series.
Indian Cricket Team is the only Test team not to have accepted DRS, which involves predicting the ball’s path.
8. Supreme Court has stopped all financial transactions between the BCCI (Board of Control for Cricket in India) and state cricket associations.
The apex court directed BCCI, the apex cricket body not to disburse any funds to state cricket associations till they resolve to abide by Justice RM Lodha Committee recommendations.
Awards & Recognition:
1. Kirtiraj Kundlik Gaikwad, an Indian scientist with the Department of Packaging, has been awarded the prestigious IAFP Young scientist scholarship award.
He has researched on “development of novel oxygen absorbing package in the field of active packaging for oxygen sensitive food products”.
2. Eminent writer C. Radhakrishnan was selected for the prestigious Mathrubhumi Literary Award for the year 2016.
He was selected by a panel chaired by novelist M Mukundan in recognition of his contribution to the field of literature.
3. Robert De Niro will receive Chaplin Award.
The Film Society of Lincoln Center has announced Robert De Niro as the recipient of the 44th Chaplin Award.
4. Sonam Kapoor was awarded ET Panache’s ‘Trendsetter Awards 2016′.
The award recognizes the efforts of entrepreneurs, innovators, Newsmakers and athletes whose stories inspire millions and whose services transform lives.
5. State Bank of Patiala has been awarded for Excellence in MSME lending.
British statistician Sir David Cox was awarded inaugural recipient of the International Prize in Statistics.
Mergers & Acquisitions:
1. MakeMyTrip and Ibibo tied up for more successful leadership.
Founder Deep Karla who is CEO of MakeMyTrip will remain CEO.
2. The Government of India has permitted British Petroleum Company to set up 3500 petrol pumps in India.
The organization had in January this year got in-principle authorization to retail Aviation Turbine Fuel (ATF) to air carriers in India.
Appointments & Resignations:
1. BCCI president Anurag Thakur has taken charge as the member of the ICC’s powerful Finance and Commercial Affairs committee.
Anurag Singh Thakur is a member of Lok Sabha from Hamirpur in Himachal Pradesh.
2. Valvoline Cummins India has signed up India’s Test Cricket Captain Virat Kohli as its ambassador.
3. Senior IFS officer Amandeep Singh Gill was appointed as India’s Ambassador to the UN Conference on Disarmament, Geneva.
He is an Indian Foreign Service (IFS) officer of 1992 batch.
He had represented India on the UN Secretary General’s Panel on Missiles from 2007 to 2008.
4. Senior diplomat Navdeep Singh Suri was appointed Ambassador to the United Arab Emirates, a major supplier of oil to India and is home to around 2.6 million-strong Indians.
He is currently serving as Indian High Commissioner in Canberra.
5. Indian shuttler Saina Nehwal has been appointed as a member of the International Olympic Committee’s (IOC) Athletes’ Commission.
6. S. P. Yadav has been elected as the new President of the North Zone of Urology Society of India.
7. Rajendra Shende has been elected as a senior expert to the United Nations Environment Programs Technology and Economic Assessment Panel of the Montreal Protocol.
It is the most successful global treaty aimed at protecting the ozone layer.
9. Visa’s CEO Charles Scharf had resigned from his post on October 18, 2016.
He orchestrated the company’s reunion with its European affiliate.
He will be succeeded by former American Express Co (AXP.N) President Alfred Kelly.
Economics & Banking GK:
1. According to the data released by the RBI, India’ banking system reported total deposits of INR 100 lakh crore for the first time ever in September month of this year.
In the fortnight ended September 16, M3 stood at Rs 121.9 lakh crore, having grown by 10.9% over the same quarter last year.
2. Infosys has lost the fifth spot to Oil and Natural Gas Corp. Ltd (ONGC).
ONGC beat India’s second largest software exporter Infosys Ltd to become the fifth most valuable company in India by market capitalization.
3. Essar Group sealed a $13-billion (Rs 86,100 crore) deal to sell 98% stake in its flagship 20 million tonnes per annum refinery to a consortium led by Russia’s state-owned energy giant Rosneft.
The first outlines the sale of 49% to Petrol Complex, a unit of Rosneft.
4. RBI has asked Banks to swap debit cards which have security issues.
There are 17.5 lakh debit cards which need to be swapped with better security.
5. SBI has declared Silchar as its 5th zone in North East to facilitate banking issues for the customers of the region.
The 5th zone will further help to cater the banking needs of the people of Mizoram, Tripura and Manipur along with the Barak Valley of North east India.
6. HSBC is planning to wind up participatory notes (P-notes) operations in India, as tightening of regulatory framework has made the business unviable.
Memorandum of Understanding (MoU):
1. India and Brazil signed four MoUs. The MOUs are signed in the following field:
Investment cooperation and facilitation treaty
Cattle genomics and assisted reproductive technologies
Genetic resources, agriculture, animal husbandry, natural resources and fisheries
Pharmaceutical products regulation
2. The Union Cabinet has given its approval for signing of a MoU between India and Hungary on cooperation in the field of water management.
The Union Government has signed $650 million loan agreement with the World Bank.
It is for the construction of the Eastern Dedicated Freight Corridor (EDFC)-III project.
India and Myanmar have signed 3 MoU on:
3. Designing an academic and professional building program for insurance industry of Myanmar.
Cooperation in the field of Power Sector.
Banking Supervision between RBI and Central Bank of Myanmar.
4. Russia and India have signed an agreement.
This agreement is to lease out a second Russian Akula-2 class nuclear-powered submarine to the Indian Navy at a cost of Two billion dollars.
5. Railways and Urban Development has signed MoU.
Under this MoU, the railway stations will be reconstructed on the smart city lines.
Science & Technology:
1. Indian Navy has commissioned INS Tihayu, a Car Nicobar Class water jet fast attack craft (WJFAC).
INS Tahiyu is the sixth WJFAC Car Nicobar Class vessel to be commissioned and allotted to the Eastern Fleet of the Indian Navy.
2. The Indian Coast Guard Ships (ICGSs) ‘Aryaman’ and ‘Atulya’ brought into action Indian Coast Guard in Kochi, Kerala.
These two are Twenty Fast Patrol Vessels (FPVs) designed and built by Cochin Shipyard Limited.
3. The Indian Immunological Limited (IIL) has launched first ever vaccination CYSVAX named as Taenia Solium that will fight against Tapeworms in pigs
4. India has completed its nuclear triad by inducting the first indigenously built strategic nuclear submarine INS Arihant into service.
Now, India becomes fourth country to have a nuclear triad i.e. capable of delivering nuclear weapons by aircraft, ballistic missiles, and submarine-launched missiles.
5. China has successfully launched longest-ever manned mission by taking two astronauts Jing Haipeng and Chen Dong into the orbit.
They were launched on board of Shenzhou-11 (heavenly vessel) spacecraft from the Jiuquan Satellite Launch Centre near the Gobi Desert in northwest China.
6. Conglomerate Hinduja Group’s flagship company Ashok Leyland has unveiled country’s first 100 percent indigenously made electric bus which is non-polluting and have zero-emissions.
These buses were unveiled in lines with which aims at a 20% penetration of electric/hybrid (eco-friendly) vehicles by National Electric Mobility Plan
1. The World Food Day is observed globally on 16 October to mark foundation of Food and Agriculture Organization (FAO) of the United Nations in 1945.
It aims to raise public awareness about hunger challenges and encourage people around the world to take action in the fight against hunger.
2016 Theme was “Climate is changing”.
2. The International Day for the Eradication of Poverty is observed globally on 17 October for eradication of poverty throughout the world.
It seeks to promote awareness among people to eradicate poverty and destitution around the world, particularly in developing countries.
2016 Theme was “Moving from humiliation and exclusion to participation: Ending poverty in all its forms”.
1. Kigeli V Ndahindurwa, the last king of Rwanda, passed away in the United States.
He ruled the east African nation for less than a year in 1959 before being forced into exile after clashing with the Belgian colonial power.
Important Abbreviations Used in This Article
|MSS||Mining Surveillance System|
|IUCN||International Union for Conservation of Nature|
|UDAN||Ude Desh ka Aam Naagrik|
|DRS||Decision Review System|
|ONGC||Oil and Natural Gas Corporation|
|WJFAC||Water Jet Fast Attack Craft|
|ICGSs||Indian Coast Guard Ships|
|IIL||Indian Immunological Limited|
|FAO||Food and Agriculture Organization|
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