Current Affairs Oct 01, 2015

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01. Yet another honour for Ratan Tata: Ratan Tata the noted industrialist was given away “The City Of Coventry” award by United Kingdom. The award was given to him in recognition of the contributions madeby the legend to the West Midlands region of Central England. So far only 13 persons have beenconferred with this honour in the last 100 years.

02. ICC releases Women’s cricket rankings: In the first of its new method of ranking, ICC released theICC Women’s team rankings. Australia is ranked number one in the rankings and Indian Women’s cricketteam has been placed fourth. The rankings take into account the performances of the teams in all the three formats of the game.

03. October 1st is World Vegetarian Day: October 1st is observed as the World Vegetarian Day and onthis day the North American Vegetarian Society creates an awareness about the ethical life style in
being a vegetarian.

04. World Trade Organization (WTO) releases Annual Report for 2015: As per the annual report 2015 ofWTO, projection of growth of world trade is 2.8%, as against 2.5% in 2014. Consequently the projectionfor 2016 was reduced to 3.9% as against the original projection of 4%.

05. Govt. releases postal stamp on Dr.Ambedkar: On the occasion of the 125th birth anniversary of
Dr.Ambedkar, the Government released a postal stamp in remembrance of the leader. The year long
celebrations would focus on projecting the life and work of Dr.Ambedkar in his mission to fight for
the upliftment of the under privileged.

06. Rs.3,770 crores disclosed as black money: Under the voluntary disclosure one time compliance
scheme an amount of Rs.3770 crores was collected from 638 declarations. The declarants would have topay tax at 30% and penalty at 30% on their declarations. No legal action would be initiated against
these declarants.

07. RBI expresses reservation over FDI in Private Banks: RBI has expressed reservation in the matter
of 100% FDI in private banks. The reasons quoted in this regard is that such FDI might create
regulatory issues. Presently 74% FDI is permissible in private banks and the government has plans of
increasing it to 100%

08. New MD & CEO for IDFC bank: Rajiv Lall will take over as MD & CEO of the newly formed IDFC Bank.IDFC bank has started functioning from today, having been demerged from IDFC Ltd. The new bank willhave 20 branches.

09. Government infuses Rs.13,955 crores into 8 PSU Banks: As part of the Government’s plan to infuse atotal amount of Rs.70,000 crores, government has infused an amount of Rs.13,955 crores in 8 PublicSector Banks. This capital infusion was necessitated to augment their capital base to meet BaselCommittee Norms.