Current Affairs Oct 17, 2015

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01. Service standards in Banks have improved: A study by Banking Codes and Standard Boards of India (BCSBI) has indicated that the service standards in banks have considerably improved, with the ‘high’ rating given to the service going up to 30% from 11%.

02. Indian appointed Assistant Director in FAO: Kundavi Kathiresan, an Indian economist has been appointed as Assistant Director in United Nations Food and Agriculture Organization. She has over two decades of experience in economic and policy framing.

03. Zaheer Khan retires from international cricket: India’s pace bowler Zahir Khan has announced his retirement from international cricket. By playing in 92 test matches, he is the fourth highest wicket taker for India with 311 wickets. He has also taken 282 ODI wickets and 17 T-20 wickets.

04. Merchandise exports fall in September: Merchandise exports fell by US $ 21.84 billion in September. This is due to the fact that the domestic investments and consumptions are yet to pick up in a major way.

05. Usage of Aadhar can be extended to other schemes: Usage of Aadhar cards can be extended to avail benefits under various other welfare schemes of both Central and State governments, ruled the Supreme Court. However, it is not mandatory for enrolment to Aadhar to avail these benefits, the SC made it clear.

06. FM promises friendly tax regime: Finance Minister Arun Jaitley has promised to create a friendly tax regime and finally reduce the corporate tax to 25% during the next three to four years.

07. Poverty can end in 15 years – report by World Bank: World Bank has predicted that poverty in the nations can end in 15 years if only the governments take tough decisions to enact laws and reforms which will catalyze growth of the economy.

08. Fuel consumption in September up by 15% : The fuel consumption of the country went up by 15%. The monthly fuel consumption was 14.699 million tonnes, when compared to the figure of the previous month which was12.771 million tonnes. Diesel was the most consumed fuel in the country.

09. SBI’s mutual funds to cross the one trillion mark soon: Assets Under Management (AUM), SBI mutual fund crossed Rs.98,000 crores and is likely to touch the one trillion mark shortly.