Current Affairs Oct 14, 2015

DOWNLOAD PDF

01. Alleged transfer of funds by account holders towards black money: Black money to the tune of Rs.600 crores have been allegedly transferred by account holders of Bank of Baroda, appearing to be genuine business transactions. A CBI probe has been ordered into the allegations.

02. RBI approves setting up of Mutual fund by Yes Bank: Private bank Yes bank is about to set up a Mutual Fund, Asset Management Company and a Trustee Company following the approval given by RBI recently.

03. ‘Hand in Hand’ - Indo-China Military Exercise: The joint military exercise between India and China named ‘Hand in Hand’ has been initiated recently. The exercise is for a duration of 12 days and will lay emphasis on countering terrorism jointly and also ‘Humanitarian Assistance and Disaster Relief’.

04. Arun Jaitley receives honours: Union Finance Minister Arun Jaitley has been chosen as the “Finance Minister of the year, Asia” by ‘Emerging Markets’, a London based publication. Last year the same magazine had nominated Raghuram Rajan, Governor RBI as the ‘Governor of the Year, Asia’.

05. Prez Pranab Mukerjee receives doctorate: India’s President Pranab Mukerjee has been conferred with Honorary Doctorate by Al-Quds University, located in Palestine. After receiving the Doctorate degree, the President made the announcement of setting up an India-Chair in the University.

06. TamilNadu bans yet another drug: Government of TamilNadu has banned the sale of a non-steroid anti-inflammatory drug ‘Ketoprofen’ in the districts of Erode, Coimbatore and The Nilgiris to save the vulture species from extinction.

07. Government to infuse funds for completing half-finished highways: Government of India has decided to infuse one-time financial assistance “to revive and physically complete languishing National Highways Projects in the country”. Recently CRISIL had pointed out that nearly half of the road projects with a debt load of Rs.45,900 crores are at a high risk of not being completed.

08. Wholesale Price Index (WPI) still in negative, but marginally up: WPI rose up to (-)4.54% from (-) 4.95%, even though the deflationary trend persisted for the 11th month continuously. The CPI or the retail inflation rose to 4.41% in September 2015.

09. Capital Expenditure of centre slows down: The Capital Expenditure of the Central Government slowed down to Rs.981 crores as against Rs.20,580 crores in July 2015. However, this is seen as perfectly normal, since capital spending could vary from month on month, as the disbursal of amounts is actually linked to the various projects.

10. NASSCOM rates India as 3rd in Global Startup Ecosystem: India has been ranked third by NASSCOM in the Global Startup Ecosystem. NASSCOM chief pointed out that the startups have made huge impacts in the areas of electronics and defence.