Important Daily Current Affairs Updates – 12th October 2017
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STATE
Bihar Cabinet Approves Reservation for ‘Divyangs’ in Govt Jobs
The Bihar Cabinet has approved reservations for persons with disabilities in government jobs and educational institutions. The cabinet gave its approval during a meeting presided by Chief Minister Nitish Kumar. The provision has been brought in accordance with the Persons With Disabilities Act, 2016. The cabinet also approved establishment of a state advisory board for the empowerment of ‘Divyangjan’ as envisaged in the Act.
Useful Info
State – Bihar
Capital – Patna
CM – Nitish Kumar
Governor – Satya Pal Malik
NATIONAL
PM Modi’s Economic Advisory Council Holds its First Meeting
The recently constituted Economic Advisory Council to the Prime Minister (EAC-PM) held its first meeting in New Delhi to deliberate upon and lay out a roadmap to give a leg up to the Indian economy in the short term after GDP growth for the first quarter fell to a three-year low of 5.7%. The EAC-PM is chaired by Dr. Bibey Debroy. Key issues for the discussion include ways to boost consumer demand, attract private investments and measures to incentivize job creation in the country, people familiar with the agenda said.
Useful Info
Present PM of India – Narendra Modi
Union Minister for Finance – Arun Jaitley
INTERNATIONAL
India is Second Largest Market for Pharma: LinkedIn Report
With 13.7 percent contribution to the global pharmaceuticals and biotechnology workforce, India has emerged as the second largest market for the industry, a report by professional networking giant LinkedIn has revealed. The report, detailed in the newly released e-book “The Indian Pharma and Biotech Industry”, showed that while New Delhi, Kolkata, and Chandigarh are thriving grounds for talent in this sector in India, talent migration is highest to the US. Talent migrating to other countries mainly comprises of researchers, scientists, quality assurance professionals, statistics programmers and data analysts.
Useful Info
CEO of LinkedIn – Jeff Weiner
BANKING & ECONOMY
HSBC Launches App to Track Trade Transactions
HSBC (Hongkong and Shanghai Banking Corporation) announced the launch of a mobile app – Trade Transaction Tracker – to help customers track the status of their trade transactions on a real-time basis. This feature has been built into the existing HSBCnet mobile application and has been launched in selected countries in which HSBC operates, including India. It will provide a global view of import and export documentary credit and collections transactions, across markets in one single app.
Useful Info
HSBC Headquarters – London, United Kingdom
SBI to Set Up Country’s Largest Innovation Centre at Mumbai
The nation’s largest lender State Bank of India is creating a 15,000-sqft innovation center in Navi Mumbai investing around Rs 100 crore. The center, to be built at its Global IT Centre in Belapur in Navi Mumbai, will be the largest innovation center by any financial services company in the country. The innovation center is part of a Rs 200-crore allocation that the bank has earmarked for innovation 2016.
Useful Info
SBI Headquarters – Mumbai
Present Chairman of SBI – Rajnish Kumar
APPOINTMENT
Axis Bank Appoints Sangram Singh as Freecharge CEO
Axis Bank Ltd has recently completed the acquisition of mobile wallet firm Freecharge and appointed Sangram Singh as its CEO. He has replaced Jason Kothari. Freecharge presently has a revenue of about Rs80 crore. Snapdeal had bought Freecharge in April 2015 for an estimated $400 million or over Rs2,500 crore at current rates.
Useful Info
Axis Bank Headquarters – Mumbai
MD & CEO of Axis Bank – Shikha Sharma
Anupam Kher Succeeds Gajendra Chauhan as FTII Chairman
Actor Anupam Kher has been appointed the new chairman of Film and Television Institute of India (FTII), located in Pune. He succeeds former television actor Gajendra Chauhan. Mr. Kher has appeared in over 500 films and has been part of the theatre circles. He has previously held the post of chairman of the Central Board of Film Certification and the National School of Drama.
Useful Info
Anupam Kher is a recipient of the Padma Shri in 2004 and the Padma Bhushan in 2016.
FTII – Film and Television Institute of India
AGREEMENT
LG India Ties up with Bajaj Finserv
Consumer Electronics major LG Electronics India announced the launch of an exclusive OEM co-branded card in partnership with Bajaj Finserv. As per the company, the co-branded card will enable customers to buy all LG products at no-cost EMI option across all LG formats. It will be available to customers buying LG products on a minimum invoice amount of Rs 7,000 and maximum of up to Rs 2 lakh.
Useful Info
LG – South Korean Electronics Company
MD of LG Electronics India – Kim Ki Wan
AWARD
National Award for Boxing Coach Sandhu & Dr. Bindeshwar Pathak
President Ram Nath Kovind gave away the National award for senior citizens to Indian boxing coach Gurbax Singh Sandhu and Lal Bahadur Shastri National Award for Excellence in Public Administration, Academics and Management for 2017 to Dr. Bindeshwar Pathak. Gurbax Singh Sandhu has been coaching both the men and women boxers. Sandhu was India’s longest-serving men’s national coach, for two decades. Dr.Bindeshwar Pathak is the founder of Sulabh International.
Useful Info
Present President of India – Ram Nath Kovind
Vice President of India – Venkaiah Naidu
SPORT
Indian Pacer Ashish Nehra has Announced Retirement
Indian pacer Ashish Nehra has confirmed his retirement from International Cricket. He will play his last match against New Zealand on November 1, 2017. The 38-year-old has represented India for 18 years. He has played 17 Tests, 120 ODIs and 26 T20Is for India, taking 235 international wickets.
Useful Info
Ashish Nehra has picked up 235 wickets across all three international formats so far
Gurusaidutt Wins Bulgarian International Tournament
Commonwealth Games bronze medallist RMV Gurusaidutt clinched the men’s singles title at the Bulgarian International Future Series tournament. Gurusaidutt has defeated Muhammed Ali Kurt (Turkey) in a 35- minute match. Gurusaidutt will also participate in Senior Nationals Championship in November 2017.
Useful Info
Country – Bulgaria
Capital – Sofia
Currency – Bulgarian lev
Indian Pair Win Gold at World Archery Youth Championship 2017
Mixed pair of Jemson Ningthoujam and Ankita Bhakat clinched the gold medal as India returned with three medals from the World Archery Youth Championship in Rosario, Argentina. This is India’s first world title at the youth championships since Deepika Kumari’s victories in 2009 and 2011. India also bagged one silver and one bronze in a promising show by the youngsters.
Useful Info
Country – Argentina
Capital – Buenos Aires
Currency – Argentine Peso
FIFA Suspends Pakistan Football Federation
FIFA has decided to suspend the Pakistan Football Federation (PFF) with immediate effect in accordance with the decision of the Bureau of the FIFA Council on account of undue third-party interference. The national and club teams will not be allowed to take part in international competitions till the suspension is lifted. FIFA suspended PFF since its accounts were in control of a court-appointed administrator, which is against FIFA rules. The suspension will be lifted when the body becomes independent.
Useful Info
FIFA – Fédération Internationale de Football Association
Headquarters of FIFA – Zürich, Switzerland
President of FIFA – Gianni Infantino
