Current Affairs 5 October 2016 | General Awareness for SBI IBPS UPSC SSC Exams

Warren Buffett of Canada, Prem Watsa sees India as ‘shining star’ in the world

Prem Watsa, chief executive officer of Fairfax Financial Holdings Ltd., speaks at a news conference following the company's annual meeting in Toronto, Ontario, Canada, on Thursday, April 22, 2010. Photographer: Norm Betts/Bloomberg

  • Canada-based billionaire Prem Watsa, who is also known as the Warren Buffett of Canada, is bullish on India among all the economies in the world.
  • The Watsa-owned Fairfax Financial Holdings has already raised and invested over $1 billion in India and will raise more money over time.
  • Thomas Cook  said India has unlimited possibilities and potential and is undoubtedly the shining star.
  • He is very bullish on the financial services space in India.

From Booking Train Ticket To Ordering Meal, All On New App Soon


  • A seamless travel experience for rail commuters with a swipe of a finger is in the offing as Railways plans to revamp its mobile application and include “all passenger services” for its customers.
  • They are preparing an integrated mobile application for railway passengers which will take care of all their needs.
  • It will be an app that will take care of the entire journey from booking a ticket to booking a taxi and pre-ordering a meal.

UN says 69 million teachers needed for global school pledge


  • Almost 69 million teachers need to be recruited around the world by 2030 if international pledges on education are to be kept, warns Unesco.
  • The United Nations agency’s estimate is for the number of teachers required to meet the promise of primary and secondary places for all children.
  • The biggest gaps in staffing are in sub-Saharan Africa and southern Asia.
  • The Unesco report says there needs to be a “seismic shift” in recruitment to overcome “massive shortages”.

Mixed feelings in Marshalls over epic nuclear case; island nation takes on India, Pak, Britain


  • As the Marshall Islands awaits an international court ruling on Wednesday (5.10.16) on whether its lawsuit against three nuclear powers can proceed, many in the western Pacific nation question the merit of the David-versus-Goliath legal battle.
  • The country of 55,000 people is taking on India, Pakistan and Britain in the International Court of Justice (ICJ), arguing they have failed to comply with the 1968 nuclear Non-Proliferation Treaty.
  • Initially the lawsuit was even more ambitious — also including China, France, Israel, North Korea, Russia and the United States — none of which recognised the ICJ’s jurisdiction on the matter.

International drug racket: IAF Wing Commander arrested


  • A Wing Commander of the Indian Air Force has been arrested by the NCB from Maharashtra in connection with its probe in an international drug racket involving a scientist and his wife.
  • Officials said Wing Commander G Rajasekhar Reddy was arrested by the Narcotics Control Bureau (NCB) in coordination with Nanded Police on Monday (5.10.16) and brought to Hyderabad today, based on investigations after a drug racket was unearthed in Hyderabad two days back.
  • They said Reddy, posted at Air Headquarters in Delhi, was the alleged “kingpin” of the racket and his purported involvement was revealed after the questioning of the duo in Hyderabad.

Indian IoT market set to grow up to USD 15 billion by 2020

Electronics News

  • Focusing on the rise and evolution of the Internet of Things (IoT) across industries in India, the National Association of Software and Services Companies (NASSCOM) today kick-started the eighth edition of NASSCOM Design and Engineering Summit, Bengaluru.
  • The two-day event focusing on the theme of, ‘Imagineering for the Digital Future’ analyses the role that IoT will play in creating digital utilities especially in the areas of design and engineering that will drive the growth of future technologies in the country.
  • ÏoT has started being incorporated into both consumer and industrial applications being utilized in critical verticals like Healthcare, Automotive and Manufacturing.

Three win Nobel chemistry prize for molecular machines


  • Frenchman Jean-Pierre Sauvage, British-born Fraser Stoddart and Dutch scientist Bernard “Ben” Feringa on Wednesday (5.10.16) won the Nobel Prize in chemistry for developing minuscule machines at the molecular level.
  • The laureates share the 8 million kronor ($930,000) prize for the “design and synthesis” of molecular machines with controllable movements, which can perform a task when energy.
  • The academy said molecular machines “will most likely be used in the development of things such as new materials, sensors and energy storage systems.”

Ishan Pandita creates history; becomes first Indian footballer to sign La Liga contract


  • Ishan Pandita became India’s first player to sign a La Liga professional contract after his one-year deal with CD Leganes was made official.
  • Leganes are currently in 11th position in the La Liga table after making a historical leap into the top flight of football in Spain for the first time in their history.
  • It’s been a tough, hard three years here in Spain but at the end, it was all worth it said by Ishan.



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