Current Affairs Daily – 17th October 2017

Daily Current Affairs

International Day for the Eradication of Poverty: Oct 17

  • The International Day for the Eradication of Poverty is observed globally on 17 October for eradication of poverty throughout the world.
  • It seeks to promote awareness among people to eradicate poverty and destitution around the world particularly in developing countries. 2017 theme:- “Answering the Call of October 17 to end poverty: A path toward peaceful and inclusive societies.”
  • The Call to Action recognizes the knowledge and courage of families living in poverty throughout the world, the importance of reaching out to the poorest and building an alliance with citizens from all backgrounds to end poverty.

PM Modi inaugurates first ever All India Institute of Ayurveda (AIIA)

  • The first ever All India Institute of Ayurveda (AIIA), modelled on the lines of AIIMS, inaugurated by Prime Minister Narendra Modi in the national capital on ‘Ayurveda Day’ on Oct 17.
  • It has been 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.
  • It has been set up on a total area of 10.015 acres on a budget of Rs 157 crore.
  • It is the first medical institute under the AYUSH ministry to hold the coveted National Accreditation Board for Hospitals and Healthcare Providers (NABH) accreditation.

Madhya Pradesh Chief Minister launches Bhavantar Bhugtan Yojana

  • Madhya Pradesh Chief Minister Shivraj Singh Chouhan launched the ambitious ‘Bhavantar Bhugtan Yojna’ in the presence of the farmers at the Krishi Upaj Mandi in Khurai, Sagar district of Madhya Pradesh.

Salient Features of Bhavantar Bhugtan Yojana:

  • The objective of this scheme is to ensure reasonable prices to the farmers for their agriculture produces and thereby protecting them from losses suffered on account of distress sale.
  • Under this scheme, farmers will be compensated the difference between Minimum Support Price (declared by Union Government) and the actual sale price or Model Price, whichever is higher.
  • Model Price will be the average market prices for a particular commodity over a two-month period in Madhya Pradesh and two other states where the crop is grown and traded.
  • Currently, compensation under this scheme will be provided for 8 crops including oilseed and pulses.
  • Registration is compulsory to avail benefits under this scheme. Besides, farmers are required to sell their crops only in mandis and obtain a receipt for the same.
  • The difference amount will be deposited in the bank account within a period of 2 months.

India International Cherry Blossom Festival to be held in Shillong

  • Second edition of India International Cherry Blossom Festival will be held from 8th – 11th November, 2017 in Shillong, Meghalaya.
  • This festival is being organised by Meghalaya State Government in association with the Institute of Bioresources and Sustainable Development (IBSD), Imphal, and the Indian Council of Cultural Relations.
  • Cherry Blossom trees bloom for a very short period every year. During this time, the stretch over which the trees are planted bears a pinkish white shade due to the blooming of flowers.
  • Tradition of celebrating Cherry Blossom festival started in Japan and currently 27 nations celebrate this festival, mostly during the March-June period, depending on the time when cherry blossom trees bloom in that particular country.

Haryana records 39% of cancer cases in India

  • As per a latest report, prevalence of Cancer in India has been on the rise and Haryana is home to 39% of cancer patients in India.
  • It is estimated that nearly 17.3 lakh new cancer cases will be registered in India by the year 2020.
  • As per a report by Indian Council of Medical Research (ICMR), breast cancer ac counts for 10% of all cancer cases in India, with 1.5 lakh new cases of breast cancer reported every year.


Birsa Munda Tribal University inaugurated in Narmada district

  • Gujarat Minister of State for Tribal Welfare Shabdasharan Tadvi inaugurated the Birsa Munda Tribal University in Rajpipla, a tribal-dominated town in Narmada district of Gujarat.
  • Campus of this University will come up on 25 acres of land at Jitnagar village on the outskirts of Rajpipla. Till then, the University will function from the premises of Adarsh Nivasi Shala.
  • Bill to set up this University was passed by Gujarat State assembly in March 2017.
  • Birsa Munda Tribal University would offer graduation, post- graduation, diploma and certificate courses on subjects of Arts, Commerce and Science steam. Courses on traditional art and skill, Herbal Medicine and Sanskrit will also be offered at this University.

Ministry of WCD launches campaign on ‘women for women’: #IamThatWoman

  • In a bid to end gender bias in women against women, Union Ministry of Women and Child Development (WCD) has started an online campaign #IamThatWoman.
  • This campain aims to highlight various aspects of women standing ‘by’ and ‘for’ women.
  • Through this campaign, Ministry of WCD has urged people to come out of the notion of women harming other women.
  • Every woman who considers that some other has helped/contributed to her well being, is urged to share a post/photo using the hash tag #IamThat Woman.

Mahindra launches ‘Prerna’ project for women farmers

  • Mahindra & Mahindra has launched a programme, Prerna, to empower women working in the agriculture sector by promoting efficient and ergonomic farm tools and equipment.
  • The project initially launched in the state of Odisha, with the intention to positively impact the lives of over 1,500 families across 30-plus villages.
  • The company, which is part of the USD 19 billion Mahindra Group, celebrated the ‘Mahila Kisan Diwas’ with the launch of this programme.

Yes Bank commits Rs 156 cr for Namami Gange project

  • Private sector, Yes Bank has committed Rs 156 crore to fund first Sewage Treatment Plant (STP) to be constructed at Varanasi under Hybrid Annuity-PPP Model.
  • The bank has signed a deal with Essel Infraprojects for the financial closure of Rs 156 crore that will fund the STP under Namami Gange Project.
  • The company assists citizens to recover their unclaimed investment and it has helped Indian citizens/NRIs to recover crores of their lost/forgotten/unclaimed investment.

Myntra, Textile Ministry tie-up to promote handloom industry

  • E-commerce major Myntra launched its CSR initiative in association with the Union Textile Ministry, to work directly with weavers and elevate their economic stature.
  • It has been launched with an initiative to provide impetus to the Govt’s agenda to transform and revive demand for arts and handloom products in India.
  • Myntra is also slated to launch a new handloom brand during its upcoming annual Brand Summit, “The Tech Threads” on November 2 in Bengaluru.

National Investment and Infrastructure Fund inks pact worth $1 b with Abu Dhabi Investment Authority

  • The National Investment and Infrastructure Fund (NIIF) of India has signed an investment agreement worth $1 billion with Abu Dhabi Investment Authority (ADIA).
  • With this, ADIA becomes the first institutional investor in NIIF’s Master Fund and a shareholder in National Investment and Infrastructure Limited, the NIIF’s investment management company.
  • The govt has set up NIIF with the aim to attract investments from both domestic and international sources for infrastructure development in commercially viable projects.
  • The corpus of the NIIF is proposed to be ₹40,000 crore ($6 billion) wherein the government will invest 49 per cent.

Bangkok Bank signs deal with Intellect Design for Digital Transaction Banking Platform

  • Bangkok Bank to launch faster, better, more international services – signs deal with Intellect Design to implement its iGTB Digital Transaction Banking Platform.
  • Intellect Design Arena announced that iGTB, the transaction banking and technology specialist of Intellect Design Arena, has been selected by Bangkok Bank, Thailand’s market leader in corporate and small and medium sized enterprises banking, as a technology partner to implement a comprehensive cash management platform and corporate portal.

Bangladesh Navy Ship Somudra Avijan on a goodwill visit to Visakhapatnam

  • Bangladesh Naval Ship (BNS) Somudra Avijan arrived at Visakhapatnam on a 4 day goodwill visit to the Eastern Naval Command (ENC) at Visakhapatnam, Andhra Pradesh
  • BNS Somudra  Avijan carried out Passage Exercise, which included naval exercises in the Bay of Bengal, before entering into the Visakhapatnam port. The ship was received by officials from the ENC and Eastern Fleet with the Indian Naval Band, in Visakhapatnam.
  • BNS Somudra Avijan is commanded by Commander M Moniruzzaman. It is a part of Cadet Training Squadron with 60 cadets onboard for sea training.

Pakistan elected among 15 nations to UN Human Rights Council

  • 15 member nations including Pakistan have been elected to serve on the United Nations (UN) Human Rights Council.
  • 15 new member nations who have been elected are Afghanistan, Angola, Australia, Chile, the Democratic Republic of the Congo, Mexico, Nepal, Nigeria, Pakistan, Peru, Qatar, Senegal, Slovakia, Spain and Ukraine.
  • These members would serve three-year terms beginning on January 1, 2018.

Poland quits IMF’s Flexible Credit Line

  • Poland’s Finance Minister Mateusz Morawiecki has stated that Poland will quit a precautionary Flexible Credit Line (FCL) from the International Monetary Fund (IMF) worth $9.2 billion.

Reason for Quitting IMF’s Flexible Credit Line:

  • Recent strength in the Polish economy has been given as the reason for quitting the FCL. The Polish budget reported a surplus for the period from January 2017 to August 2017 on account of steep rise in revenue from the value-added tax.
  • After an analysis of tax data, macroeconomic parameters, assessment of budget stability and currency reserves, the Polish Finance Ministry concluded that they can manage without FCL.
  • It is to be noted that, Poland had an FCL agreement with IMF since 2009, which was to be used at times of crisis. However, it has never drawn on the funds.

Government Appoints MK Gupta DK Gayen As New Railway Board members

  • The government 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 official Secretary to the Government of India .
  • Meanwhile, M K Gupta, presently General Manager, Modern Coach Factory Raibareli has been appointed as new Member (Engineering) Railway Board and ex official Secretary to the Government of India.

Voltas appoints Pradeep Bakshi as MD, CEO

  • Voltas announced the elevation of Chief Operating Officer Pradeep Bakshi as the managing director (MD) and chief executive officer (CEO) of the company.
  • Under Bhakshi, Voltas has given foreign brands such as LG, Samsung and Whirlpool a tough competition in air conditioners. Bakshi suceeds Sanjay Johri as the MD and CEO. This elevation would be effective from 2018.

MCX launches first commodity options trading with gold

  • The auspicious occasion of Dhanteras, Multi Commodity Exchange (MCX) launched trading in Gold option’s contract in presence of Finance Minister Arun Jaitley.
  • Options contract offers the buyer the right, but not the obligation, to buy or sell a stock/commodity/asset at an agreed-upon price (referred to as strike price) during a certain period of time up to a specific date.
  • Underlying for Gold options contract which are currently available for trading are Gold (1 Kg) futures expiring on November 28, 2017 and January 29, 2018.
  • Options in securities and commodities market are primarily meant for hedging. However they are also used for speculation.

Google viewed as Most Authentic Brand in India: “Authentic Brands Study 2017”

  • A new survey named “Authentic Brands Study” stated that, Indian consumers regard Google as the most authentic brand.
  • In India, Google is considered as the most authentic brand, stated by “Authentic Brands Study 2017” survey conducted by Cohn & Wolfe. It is followed by Microsoft,, Maruti Suzuki and Apple.
  • Globally, Amazon occupies the 1st place and Apple the 2nd, as the most authentic brands, according to the Cohn & Wolfe survey.
  • According to the survey, 67 % of consumers in India report increased purchase interest in a brand they consider as authentic.

Bharti, Millicom seal deal for operations in Ghana

  • Bharti Airtel and Millicom International Cellular announced the closure of a deal to combine their operations in Ghana. Under the joint agreement, Airtel and Millicom will have equal ownership and governance rights in the combined entity, which will have revenues of about $300 million.
  • The National Communications Authority, Ghana’s communications regulator, had granted approval for the merger proposal early this month.

Deepika Padukone Launches Hema Malini’s Biography Beyond The Dream Girl

  • Deepika Padukone launched the biography of veteran actress Hema Malini in Mumbai.
  • The biography, titled Beyond The Dream Girl, is written by Ram Kamal Mukherjee, and was unveiled on Hema Malini’s 69th birthday (October 16).

Pranab Mukherjee political Autobiography released

  • Former President Pranab Mukherjee has released the third part of his memoir ‘The Coalition Years: 1996-2012’, speaking candidly about believing he could have been the Congress choice for the Prime Minister’s post.

Eminent poet Prabha Varma chosen for Padma Prabha Puraskaram

  • Eminent poet, lyricist and journalist Prabha Varma has been selected for the Padma Prabha Puraskaram this year.
  • A jury headed by ace novelist M Mukundan chose Varma for the prestigious award, considering his contribution to Malayalam literature.

Indian-American attorney Ajay Raju gets American Bazaar Philanthropy award

  • Noted Indian-American attorney Ajay Raju has been honoured with the third American Bazaar Philanthropy award in recognition of his philanthropic activities in the US.
  • Germination Project is an initiative of the Pamela and Ajay Raju Foundation.
  • Under Germination Project, teenagers are recruited and trained to be tomorrow’s leaders.
  • Indian-American Frank Islam and Suri Sehgal, founder of the SM Sehgal Foundation are the other philanthropists who have received this award in the past.

Scientists develop futuristic military watch that can survive nuclear blast

  • Scientists have developed a military watch for the Russian army kit, that can resist high impact, and even survive the consequences of a nuclear blast, in Russia.
  • The watch has been developed by experts of the Central Scientific Research Institute for Precision Machine Engineering (TsNIITochMash) — part of the Rostec State Corporation in Russia.
  • It has been included in the new combat system for land forces, airborne forces, coastal troops of the Russian Navy, special operations units. It is designed for continuous time determination.
  • The mechanical watch with automatic movement enables fast and accurate time determination in severe climatic and operating conditions, during routine and combat operations. The weight of the watch with a band is not more than 100g.

Indian peacekeepers in Sudan awarded UN medal

  • As many as 50 Indian peacekeepers stationed in South Sudan have been awarded the UN Medal for their professionalism and service in protecting civilians and building durable peace in the conflict-ridden country.
  • The Indian peacekeepers are part of the UN Mission in South Sudan (UNMISS).They were presented with the award recently by UNMISS Force Commander General Frank Mushyo Kamanzi.
  • Indian Ambassador to South Sudan, Srikumar Menon, attended the medal ceremony and thanked the peace keepers for their commitment and service.

Legendary Brazilian sailor Robert Scheidt retires from Olympics

  • Atlanta 1996 and Athens 2004 gold medal-winning sailor Robert Scheidt has announced his retirement from Olympic competition, ending a career that spanned a quarter of a century.
  • The 44-year-old said he would continue to participate in non-Olympic events and support Brazil’s elite sailors as they prepare for the 2020 Tokyo Games.

India’s first Olympic swimmer, Shamsher Khan died

  • Shamsher Khan, the country’s first swimmer who had participated in the 1956 Summer Olympics, died at his native village Repalle. Mr. Khan, 92, died of heart attack.
  • Mr. Khan had enrolled himself in the Indian Army in 1949. He had taken part in various national swimming competitions.
  • He won a place in the Indian Olympics contingent that had visited Australia in 1956.
  • He, however, secured fourth place in the competition.

Veteran British Actor Roy Dotrice dies at 94

  • Veteran British actor, Roy Dotrice, best known for playing Leopold Mozart in the Oscar-winning film ‘Amadeus’, died at the age of 94.
  • Roy Dotrice died at his home in London. He is survived by three daughters, grandchildren, and great-grandson.
  • Dotrice holds the Guinness World Record for the most characters voiced by a single actor in an audio book. He was also an award-winning actor.
  • He had won the Tony award for best actor in 2000 for his Broadway performance in the ‘A Moon for the Misbegotten’ revival.
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