Current Affairs Oct 19, 2015

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01. Fiscal balance becomes positive in 2015: For the first time in 8 years, the fiscal balance has turned positive, as per the figures made available by the Controller General of Accounts (CGA). Fiscal deficit, which is the difference between total revenue and expenditure for August 2015 was to the tune of Rs.-15808 crores and that figure indicated surplus of revenue over expenditure.

02. India’s investment in US is significant: A report published by Baker & McKenzie, cross border Merger & Acquisition specialists revealed that India was among the top10 investors in US. The Indian investment totaled upto 1.8 billion US dollars, in 2015 alone. Major investment came from the health care sector.

03. New title sponsorship for IPL: The Brazilian mobile company Vivo has been assigned with the title sponsorship for the forthcoming IPL, after Pepsico, the current sponsor pulled out of the contract, which was supposed to have ended in 2017.

04. A new star in Indian Tennis: Saketh Myneni emerged victorious in the Vietnam Open Tennis tournament by emerging as the singles title winner. With this victory Saketh is poised to enter the top 150 ranks of ATP. Presently he is ranked 168th.

05. RBI and UAE sign pact: Reserve Bank of India signed an agreement with the Central Bank of UAE for exchange of Supervisory Information. Presently RBI has agreements with 29 nations on this area.

06. Indian short film wins award: India’s short film ‘An old dog’ has won an award in the London Film Festival. The award has been instituted by British Film Institute. The 11-minute-long film assembles, in puzzle-piece evocations, a portrait of Indian avant-garde painter Francis Newton Souza, revealing the cultural conditions for his work and its eventual institutionalization.

07. Rating on India retained by S & P: Credit rating agency S & P maintained the rating on India with a BBB. But the ratings were not upgraded despite improvement in policy making, thereby raising the prospects of economic and fiscal growth in the country.

08. Decline in coal imports: Good news is that the coal imports have declined by 27% and stood at 12.6 million tonnes, following an increase in domestic production. Coal India, the prime agency involved in coal production, targets one billion tonnes of coal production by 2020.

09. Bank of Baroda ties up with Chillr: Bank of Baroda became the first PSU bank to tie up with Chillr to provide mobile application platform to its customers. Customers can send/receive money to any person on their mobile contacts by using this app.

10. Government plans to import additional 3000 tonnes of pulses: The Government has planned to import another 3000 tonnes of pulses to solve the crisis of abnormal price increase in certain states of the country.