Current Affairs Oct 15, 2015

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01. Cabinet approves multi-modal transport project in Myanmar The revised cost estimate of Rs.2904.04 crore for the Kaladan multi-modal transport project in Myanmar has been approved by the Union Cabinet. This project will provide an alternate source of route for the North-Eastern region of India.

02. IBM and Ethihad Airlines sign IT deal IBM and the UAE based Ethihad Airlines signed a US$ 700 million deal for analyzing customer data and also build technology that can forecast weather pattern for optimum utilization of flights. Ethihad is the second largest airline of UAE presently.

03. 2015 Man Booker prize for fiction announced Jamaican writer Marlon James has been nominated for the 2015 Man Booker prize for fiction. The book is named ‘A brief history of seven killings’. This award is the world’s most important literary award.

04. Yet another honour for Kailash Satyarthi : Kailash Satyarthi, the Nobel Peace laureate has been chosen for the ‘Harvard Humanitarian of the Year’ award. This award is instituted by Harvard University and given for works of individual in the area of improvement of the quality of lives of people of the society.

05. Tri nation naval exercise underway India, US and Japan have initiated the tri-nation joint naval exercise viz. 2015 Malabar Naval Exercise in Bay of Bengal and The Indian Ocean. At-shore and At-sea exercises form part of the five day exercise which would provide value based knowledge sharing for the navies of the three nations.

06. Bank credit rises by 9.45% Scheduled Commercial Banks credit rose by 9.45% and touched Rs.68,30,245 crores as on October 2nd. Deposits rose by 11.25 per cent to Rs 91,63,815 crore in the reporting period from Rs 82,36,670 crore in the year-ago period.
07. Arrests made in Bank of Baroda Scam CBI arrested S.K.Garg, Assistant General Manager of Bank of Baroda in the 6000 crore illegal remittance scam. It has been alleged that Rs.6,172 crore was transferred through Bank of Baroda for non-existent imports like cashew, pulses and rice.

08. SBI to set up subsidiary to manage real estate of the Bank RBI has given approval for SBI to set up a subsidiary which will manage all the real estate owned by the bank. It will also frame a uniform policy to manage all the real estate of the bank, which has over 16000 offices throughout the country.