Current Affairs Daily – 16 October 2017

Daily Current Affairs



“Exercise INDRA – 2017: Indo-Russia Joint Exercise”

  • Exercise INDRA-2017, the first ever Tri Services Joint Exercise between Indian and Russian Armed Forces will be conducted in the Eastern Military District of Russia from 19 to 29 Oct 2017.
  • Exercise INDRA-2017 will be conducted at the 249th Combined Army Range Sergeevisky and in the Sea of Japan near Vladivostok.
  • The year 2017 marks a major milestone as this Exercise has been upgraded to involve all the three Services of the Armed Forces (Army, Navy & Air Force), which further accentuates the importance of Joint Services in the present world environment.
  • Exercise INDRA-2017 will strengthen mutual confidence, inter-operability and enable sharing of best practices between both the armed forces. It will be a landmark event in the history of Indo-Russian defence cooperation.

Smt. Nirmala Sitharaman Commissions INS kiltan ASW stealth corvette

  • INS Kiltan (P30), third Anti-Submarine Warfare (ASW) stealth corvettes built under Project 28 (Kamorta Class) was commissioned into the Indian Navy by Hon’ble Raksha Mantri Smt. Nirmala Sitharaman at an impressive ceremony held at Naval Dockyard, Visakhapatnam today, 16 October 2017.
  • The ship has enhanced stealth features resulting in a reduced Radar Cross Section (RCS) achieved by X-form of hull and superstructure along with optimally sloped surfaces. The very low under water acoustic signature makes it a ‘silent killer on the prowl’.
  • This has been achieved by using advanced techniques for propeller design and mountings of main machinery. The ship’s advanced stealth features make her less susceptible to detection by the enemy and help in effective employment of soft kill measure like the Chaff.

First Investment Agreement signed between NIIF and a wholly owned subsidiary of Abu Dhabi Investment Authority

  • The first investment agreement between NIIF Master Fund and a wholly owned subsidiary of Abu Dhabi Investment Authority (ADIA) has been signed today. The investment from ADIA Group would be 1 billion USD.
  • As a part of the agreement, ADIA will become the first institutional investor in NIIF’s Master Fund and a shareholder in the NIIF’s investment management Company.
  • Six domestic Institutional Investors (DIIs) viz. HDFC Standard Life Insurance Company Limited, HDFC Asset Management Company Limited, Housing Development Finance Corporation Limited, ICICI Bank Limited, Kotak Mahindra Old Mutual Life Insurance Limited, Axis Bank Limited will also be joining the NIIF Master Fund alongwith ADIA apart from Government of India.

Union Home Minister inaugurates West Zone Regional Training Centre of IB in Jodhpur

  • Shri Rajnath Singh inaugurated the West Zone Regional Training Centre of the Intelligence Bureau (IB), in Jodhpur, Rajasthan today.
  • The purpose of the training centre is to strengthen and professionally empower the State Police Special Branches. The West Zone will include states of Madhya Pradesh, Goa, Gujarat, Rajasthan and Maharashtra.

Govt. appoints MK Gupta, DK Gayen as new Railway Board members

  • The govt of India has appointed Mahesh Kumar Gupta and D K Gayen as the two new members in the Railway Board.
  • D.K. Gayen, presently posted as General Manager East Central Railway, has been appointed as new Member (Staff) Railway Board and ex officio Secretary to the Govt of India.
  • Meanwhile, M K Gupta, presently General Manager, Modern Coach Factory Raibareli has been appointed as new Member (Engineering) Railway Board and ex officio Secretary to the Govt of India.

PM Narendra Modi to inaugurate first ever All India Institute of Ayurveda

  • Prime Minister Narendra Modi will inaugurate the first All India Institute of Ayurveda (AIIA), set up along the lines of AIIMS, on Ayurveda Day.
  • Set up as an apex institute in New Delhi under the ministry of AYUSH, the AIIA aims to bring synergy between Ayurveda and modern diagnostic tools and technology.

Haryana’s Amin village renamed Abhimanyupur

  • Haryana Chief Minister Manohar Lal Khattar gave his nod to rename Amin village to Abhimanyupur after Mahabharta warrior Arjuna’s son Abhimanyu.

GDP may grow at 7% in FY’18: NITI Aayog

  • 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.
  • On a quarterly basis also, the growth in the first quarter of the current fiscal had slipped to 5.7%.

Pakistan and Iran sign MoU to improve border security management

  • Pakistan and Iran have agreed not to let their territories be used for terrorism against each other as the two neighbouring countries signed an MoU to improve border security management.
  • According to a media report, the Memorandum of Understanding (MoU) was signed during the 21st two-day meeting of Pakistan-Iran Joint Border Commission in the port city of Gwadar in Balochistan province.

Vanuatu becomes first nation to accept Bitcoin in Exchange for citizenship

  • The South Pacific island nation of Vanuatu has become host to the world’s first govt to accept bitcoin in exchange for citizenship.
  • Vanuatu’s citizenship program costs $200,000 USD, meaning that at current prices the residency program costs less than 41.5 bitcoins.
  • As Vanuatu is a member of the Commonwealth of Nations, the citizenship program grants visa-free travel to over 100 countries, including much of Europe.

Union Bank launches bilingual Android app

  • Union Bank of India has launched an Android app, Union Sahyog, as part of its drive to digitise customer-facing banking services.
  • The Union Sahyog app is bilingual, offering both English and Hindi language, and packs in all mobile-based banking applications, missed call/SMS-based services, Internet banking login and self-user creation, deposit and loan product information, online account opening, online loan application, online complaints and even RTI.
  • It also offers extras such as branch locator, EMI calculator, social media links and digital banking information.

Odisha government department signs MOU with SBI

  • 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.
  • The MoU is a landmark initiative by the state government to facilitate revenue collection from citizens through digital banking platform, an official said.
  • The SBI e-Pay is the payment aggregator service wing of the bank which will facilitate on line payment of government dues by the customers of any public private sector banks by using the payment gateway of SBI.

Namita Gokhale bags Centenary National Award for Literatur

  • Eminent writer and India author Namita Gokhale has been nominated for the first Centenary National Award for Literature, to be conferred by one of the most prestigious literary bodies in India — the Asam Sahitya Sabha — for her outstanding literary contributions as well as her service to the nation in supporting and showcasing literary talent and creating a literary environment in the country.
  • The award will be conferred at a special function in Guwahati by Dhruba Jyoti Borah, President of the Asam Sahitya Sabha. This is also the first time that the Sabha will be honouring an English-language author.

Singer T M Krishna wins Indira Gandhi National Integration

  • Carnatic vocalist T.M. Krishna will be conferred with the Indira Gandhi Award for National Integration for 2015-16.
  • The singer, who won the Ramon Magsaysay award for bringing “social inclusiveness in culture” in 2016, will be presented with the honour by Congress president Sonia Gandhi on October 31, Indira Gandhi’s death anniversary.

Federer beats Nadal in straight sets to win Shanghai Masters

  • Roger Federer has defeated Rafael Nadal in straight sets to win the Shanghai Masters title.

Mohun Bagan lift Governor’s Gold Cup for 10th time

  • Maidan heavyweights Mohun Bagan won the 37th All India Governor’s Gold Cup football tournament for the 10th time by defeating Partha Chakra by a narrow 1-0 margin. In the final match played at Paljor Stadium, Mohun Bagan’s striker GA Kramah scored the lone goal in the seventh minute.

Maria Sharapova wins Tianjin Open to claim first title since drug ban

  • Five-time Grand Slam winner Maria Sharapova was made to fight by 102nd-ranked teenager Aryna Sabalenka at the Tianjin Open before winning her first title since her 15-month doping ban.
  • The former world number one, who returned to action in April, came from behind in both sets and needed four championship points in the tie-breaker before beating the 19-year-old 7-5, 7-6 (10/8).

Kavita Devi becomes first Indian woman wrestler to sign with WWE

  • Kavita Devi,a former competitive powerlifter, has become the first ever Indian woman to be signed by the World Wrestling Entertainment (WWE). Jinder Mahal, the current WWE champion, confirmed the news in a special visit to New Delhi recently.

Indian paddler Selena Selvakumar wins gold in Egypt

  • India’s young paddler Selena Selvakumar put up an impressive show in the Junior Girls’ Team event to annex the 2017 Egypt Junior and Cadet Table-Tennis Open title.

Shakib included on MCC’s World Cricket Committee

  • Bangladesh allrounder Shakib Al Hasan has become the first person from his country to be included on the MCC’s World Cricket Committee.
  • Shakib joins New Zealand women’s captain Suzie Bates, former West Indies paceman Ian Bishop, and former Sri Lanka offspinner and current ICC Elite Panel umpire Kumar Dharmasena as new additions to the committee.
  • Former England captain Mike Gatting has taken over from compatriot Mike Brearley as the committee’s chairman. Sourav Ganguly is only one Cricketer from India to be included in MCC World Cricket Committee.
  • MCC World Cricket Committee: Mike Gatting (chairman), Vince van der Bijl, Brendon McCullum, Ian Bishop, Ramiz Raja, John Stephenson, Kumar Sangakkara, Kumar Dharmasena, Sourav Ganguly, Rod Marsh, Ricky Ponting, Suzie Bates, Tim May, Shakib Al Hasan.

Planet Nine does exist in solar system: NASA

  • NASA scientists said that the elusive ‘Planet Nine’ does exist, and may be 10 times the mass of the Earth and 20 times away from the Sun than Neptune.
  • Planet Nine could turn out to be our solar system’s missing ‘super Earth’ — a planet with a mass higher than the Earth’s, but substantially lower than the masses of ice giants Uranus and Neptune.
  • The signs so far are indirect, mainly its gravitational footprints, but that adds up to a compelling case.
  • Six known objects in the distant Kuiper Belt, a region of icy bodies stretching from Neptune outward towards interstellar space, all have elliptical orbits pointing in the same direction.
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