Current Affairs 12 October 2016 | General Awareness for SBI IBPS UPSC SSC Exams


1Arena by TransStadia: A sneak peek into India’s first convertible stadium

  • FIFA standard natural turf with a seating capacity of 20,000, including patented expertise that enables the conversion of a section of the stadium into a 4,000 pillar-less multi-purpose indoor venue.
  • The project is worth Rs. 550 crore and has been built on a unique public private partnership model given on a lease for 35 years at a nominal price, was allotted in 2013.
  • It uses a globally patented technology, which converts an outdoor stadium into an indoor arena within 6 minutes at a touch of a button. The facility houses as many as 14 sports, excluding cricket.

2South Africa’s Gordhan to appear in court over fraud charge

  • South African prosecutors ordered Finance Minister Pravin Gordhan on Tuesday to appear in court on Nov. 2 to hear fraud charges against him, news that sent the rand and share prices reeling.
  • The rand dropped as much as 3.4 percent against the dollar amid fears Gordhan’s legal troubles could damage investor confidence in South Africa, where he has stood out as a reliable figure for financial markets against a backdrop of corruption.
  • The banking index fell as much as 5.12 percent, wiping 46.3 billion rand ($3.3 billion) off the market capitalization of South Africa’s six biggest banks.

3Piramal Enterprises to buy injectable drugs from Janssen

  • In a move aimed at addressing the $20 billion global generic injectable hospital drug market, Piramal Enterprises today said that its wholly-owned critical care subsidiary in the UK has entered into an agreement to acquire five anesthesia.
  • The products to be acquired by Piramal Enterprises are five injectable versions of well-established Janssen brand.
  • This is an all-cash deal for an upfront consideration of $155 million, and up to an additional $20 million.

4India vs China, Live Score and Commentary, BRICS U-17 Football Cup 2016

  • An eerily familiar story for India, as they completely dominated the game but lost out to China by a solitary goal.
  • Huang Cong scored in injury time with China second best for much of the game to steal 3 points. India had gone close with Amarjit, Komal and Aman Chetri all spurning gilt-edged chances to score.
  • The result leaves India bottom of the table, and with Brazil to come, it seems like India will finish the BRICS U-17 Cup with four losses.

5Smoking set to be banned across Philippines

  • A nationwide smoking ban is set to be implemented across the Philippines, replicating rules currently observed in president Duterte’s former jurisdiction, Davao City, where he was mayor.
  • The new rules, which have been drawn up in an executive order and are awaiting the president’s approval, will see all public places across the country  indoor and outdoor become smoke-free areas.
  • “There will be nobody smoking in public places anymore, whether indoor or outdoor. Parks, bus stations, and even in vehicles. All these are considered public places.”

6IT sector to witness weakest Q2 earnings in 8 years: report

  • Domestic IT sector is likely to see its weakest September quarter in the past 8 years due to broad based slowdown in BFSI and healthcare as well as delays in projects across many clients.
  • Second quarter for the current fiscal will be the weakest September quarter for Indian IT in the past 8 years.” the report said.
  • “Growth will be impacted by broad based weakness in BFSI (Banking, Financial services and Insurance), weak healthcare and delays in projects across many clients.”

7Scientists want to send a telescope to photograph Alpha Centauri

  • NASA didn’t want to do something, it didn’t get done, but we’re a long way from those days.
  • The agency doesn’t believe that there’s currently enough value in sending a probe to seek out new life forms and new civilizations in Alpha Centauri.
  • But a consortium of private science nonprofits disagree, and are looking to send their own space telescope to snap our nearest neighbour.

8President Obama outlines vision for sending humans to Mars

  • President Barack Obama:”They have set a clear goal vital to the next chapter of America’s story in space sending humans to Mars by the 2030s and returning them safely to Earth.
  • “Getting to Mars will require continued cooperation between government and private innovators, and we’re already well on our way,” President Obama writes.
  • “Within the next two years, private companies will for the first time send astronauts to the International Space Station.”



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