Current affairs updates for October 16th , 2017 – General Awareness GK for IBPS, SBI, SSC Exams

1. Odisha Govt. signs MOU with SBI

State Govt. dept. can integrate with this Gateway


The Odisha government’s Directorate of Treasuries and Inspection and the State Bank of India have signed an MOU for integration of SBI e-Pay with cyber treasury.
An official said “The MoU is a landmark initiative by the state government to facilitate revenue collection from citizens through digital banking platform.”

2. IndusInd Bank to buy Bharat Financial Inclusion

$2.4 billion deal


India’s IndusInd Bank Ltd agreed an all-share deal on Saturday to buy microlender Bharat Financial Inclusion Ltd for close to 155 billion rupees ($2.4 billion), boosting its presence in microfinance lending and rural banking.
Both companies said in a joint statement that “IndusInd will give Bharat Financial’s shareholders 639 of its shares for every 1,000 shares they own in the microfinance lender”

3. International Rural Women’s Day

Indian women are keeping dying crafts alive


The International Day for Rural Women focuses on the “challenges and opportunities in climate-resilient agriculture for gender equality and the empowerment of rural women and girls”. The objective of this day is to celebrate the critical contribution of rural women.
Government is celebrating the first ever ‘Mahila Kisan Divas’ organised by the Union Ministry of Women and Child Development, to highlight the silent and often invisible contribution of women farmers.

4. All India Institute of Ayurveda inaugurated by Modi

First of its kind


The first ever All India Institute of Ayurveda (AIIA), modelled on the lines of AIIMS, will be inaugurated by Prime Minister Narendra Modi in the national capital on ‘Ayurveda Day’.
Shripad Yesso Naik, Minister of State for AYUSH, said “Set up as an apex institute under the Ministry of AYUSH, the AIIA will bring in the synergy between traditional wisdom of Ayurveda and modern diagnostic tools and technology.”

5. PMKSY started for stable drought solution

Investing Rs 50,000 crore for five years


Pradhan Mantri Krishi Sinchai Yojana (PMKSY) has been started to provide a permanent solution from drought. PMKSY, that aims at creating irrigation sources would also be creating protected irrigation by harnessing rainwater at micro level through ‘Jal Sanchay’ and ‘Jal Sinchan’.

Radha Mohan Singh, Agriculture and Farmers Welfare Minister said, “Government is investing Rs 50000 crore for a period of five years to develop complete irrigation supply chain, water resources, distribution network and farm –level application solution to achieve the target of water for every farm.”

6. In a Saudi first, woman to head sports federation

Princess Reema scores a new in the conservative Muslim kingdom.


An official said on Saturday “A princess has been named to head a Saudi multi-sports federation, in a first for women in the conservative Muslim kingdom where men dominate all sports”
In August 2016, the princess scored another first for women in Saudi Arabia, when she was named by the cabinet to a senior post in the kingdom’s equivalent of a Sports Ministry.

7. Prez remembers India’s missile man APJ Abdul Kalam

pays tributes to APJ Abdul Kalam


President Ram Nath Kovind remembered the ‘Missile Man’ of India, A P J Abdul Kalam, on his birth anniversary, describing him as one of the greatest visionaries who ignited young minds.
He was speaking with a group of children who arrived at the Rashtrapati Bhavan from Rameswaram by the bus ‘Dr Kalam Sandesh Vahini Vision 2020’ These children had called on the president.

8. GDP may grow at 7% in FY18: NITI Aayog

‘Slowdown has bottomed out’


NITI Aayog Vice-Chairman Rajiv Kumar has said the economic slowdown that began in 2013-14 has bottomed out and the GDP is likely to grow at 6.9-7 % this fiscal and 7.5% in 2018-19.
The economic growth slowed to 7.1% in 2016-17, the year in which 87% of the currency was demonetised, despite a very good show by the agricultural sector.

9. Increase global call termination charges

COAI’s call comes as TRAI reviews rate


Cellular Operators Association of India (COAI) has favoured a steep hike in international termination charges to Rs. 3.50 a minute against 53 paise per minute at present.
The Telecom Regulatory Authority of India is in the midst of reviewing these rates, paid by foreign carriers for terminating international calls in India.

10. Nirmala Sitharaman commissions INS Kiltan

Shining armour in ‘Make in India’ programme


Defence Minister Nirmala Sitharaman on Monday commissioned the indigenously-built anti-submarine warfare (ASW) stealth corvette INS Kiltan at the Eastern Naval Command in Visakhapatnam.
An official release said “INS Kiltan is the latest indigenous warship after Shivalik-class, Kolkata-class and sister ships INS Kamorta and INS Kadmatt to have joined the Indian Navy’s arsenal wherein a plethora of weapons and sensors have been integrated to provide a Common Operational Picture (COP).

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