Current Affairs Oct 29, 2015

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01. India and France sign MoU: India and France have signed a MoU to conserve and publicize the written heritage at the National Library, Kolkata. This MoU aims at sharing both the technical and other areas of expertise and cultural co-operation between the two countries.

02. Report for the freedom on the Net released :Freedom on the net was released by Freedom House, a non-governmental organization to gauge the freedom on the net. According to the report, India ranked 40, on a scale of 0 to 100 with respect to freedom on the internet. 0 represents the most freedom and 100 represents the worst freedom.

03. India’s growth forecast put at 7.5% by World Bank: World Bank retained India’s growth rate at 7.5%. World Bank observed that the Public Investment is helping in kick starting the investment cycle in the country.

04. No going back on order regarding call drops :Telecom Regulatory Authority of India (TRAI) refused to go back on its order regarding the call drops mandating the telecom companies to compensate the users for the call drops by them.

05. Government clears 16 FDI Proposals worth Rs.4722 crores: Based on the recommendations of Foreign Investment Promotion Board (FIPB) the Government has cleared FDI proposals worth Rs.4722 crores. Out of the above, HDFC proposal alone amounted to Rs.2400 crores.

06. India’s loan offer to Africa: India offered a loan assistance of US $ 10 billion to Africa for the next five years. India is also offering a grant assistance of US $ 600 million to Africa.

07. “The Banker” releases the safest bank list: The financial magazine ‘The Banker’ has released the safest banks list. According to the list HDFC ranks 27th, ICICI 85, SBI 201, Axis Bank ranked 71.