Daily Current Affairs : October 11, 2017

NATIONAL

Vice President inaugurates the third International Conference on yoga:

The Vice President of India, Shri M. Venkaiah Naidu inaugurated the 3rd International Conference on Yoga in New Delhi. The theme of this year’s conference is “Yoga for Wellness”. The Minister of State (Independent Charge) for AYUSH, Shri Shripad Yesso Naik will preside over the inaugural function.


Hyderabad to host AquaEX in March 2018:

Hyderabad will host the first ever global scale International Trade and Technology event on Indian Fisheries and Aquaculture AquaEx India 2018 from March 15 to 17 next year.

The first edition of `AquaEx-India is being organised by the newly formed Society for Indian Fisheries and Aquaculture (SIFA).

Telangana

  • Capital: Hyderabad
  • Chief Minister: Chandrasekhar rao
  • Governor: S. L. Narasimhan

Prime Minister Modi temple with 100 feet tall statue to be built in Meerut:

A grand temple worth Rs 30 crore is going to be built in honour of Prime Minister Narendra Modi in Meerut district of Uttar Pradesh.

The temple would be built in the Sardhana area of Meerut where a 100-foot statue of Prime Minister Modi would be installed.

Uttar Pradesh

  • Capital: Lucknow
  • Chief Minister: Yogi Adityanath
  • Governor: Shri Ram Naik
  • Narendra Modi constituency: Varanasi, Uttar Pradesh

Shri Dharmendra Pradhan inaugurates Saudi Aramco India Office:

Minister of Petroleum and Natural Gas & Skill Development & Entrepreneurship Shri Dharmendra Pradhan, inaugurated Saudi Aramcos ARAMCO ASIA INDIA office in Gurugram jointly with Mr Amin H Al-Nasser, President and CEO of Saudi Aramco. The office is located at Two Horizon Tower, Gurugram.


Rajasthan is the first state to incorporate skill development program in higher education:

Rajasthan became the first state in the country to incorporate skill development programme in higher education.

The Indhra Gandhi National Open University (IGNOU) in collaboration with state’s Department of College Education prepared 16 courses for entrepreneurship and skill development for colleges in the state.

Rajasthan

  • Capital: Jaipur
  • Chief Minister: Vasundhara Raje
  • Governor: Kalyan Singh

INTERNATIONAL

BRICS-themed subway train debuts in China:

A BRICS-themed subway train with carriages representing the five-member nations including India has started test operations in China’s south-eastern Xiamen city where the grouping’s summit was held last month.

The Indian carriage depicts elephants and yoga. The subway train, which started its test run, has six carriages, five of which represents different cultures of the BRICS countries — Brazil, Russia, India, China and South Africa.

China

  • CurrencyRenminbi
  • CapitalBeijing
  • Prime minister: Li Keqiang
  • President: Xi Jinping

BANKING & BUSINESS

IMF cuts India Growth forecast to 6.7% for 2017:

The International Monetary Fund (IMF) slashed India’s GDP growth forecast to 6.7 per cent for 2017 from 7.2 per cent predicted earlier due to “still lingering disruptions associated with the currency exchange initiative introduced in November 2016, as well as transition costs related to the launch of GST.”


Microsoft, GE sign new wind project in Ireland:

Microsoft has signed a 15-year wind energy agreement with GE in Ireland, becoming one of the first global technology firms to support a new wind project in the country. Microsoft will purchase 100 percent of the wind energy from its new, 37-megawatt Tullahennel wind farm in County Kerry, Ireland.

Ireland

  • Currency: Euro
  • Capital: Dublin

IBBI amends norms for setting up information utilities:

 The Insolvency and Bankruptcy Board said it has amended the rules for information utilities, providing more leeway for setting up such entities.

  • With the latest amendments, a person can, either alone or together with persons acting in concert, have a maximum of 51 per cent stake in an information utility for up to three years from the date of its registration.
  • Besides, an Indian company listed in India can hold up to 100 per cent of the paid-up equity share capital or total voting power of an information utility for three years from the date of inception, according to an official release.
  • The amendments to the IBBI (Information Utilities) Regulations are effective from September 29.
  • Under the norms, a public company with a net worth of at least Rs 50 crore is eligible to set up an information utility and among other requirements, more than half of the directors of its governing board should be independent directors.

IFC invests $76 mn in Fullerton India’s masala bond:

World Bank Group member IFC has invested USD 76 million (Rs 500 crore) in 5-year unrated masala bond issuances of Fullerton India Credit Company.

The investment will further strengthen Fullerton India’s reach in the underserved retail and micro, small, and medium enterprise segment, especially in developing states.


SEBI chief Ajay Tyagi named among world’s top 10 regulators:

SEBI Chairman Ajay Tyagi has been named among the top ten regulators in the world, according to a report.

Tyagi, who took over the reins of the Securities and Exchange Board of India (SEBI) in March this year, has been ranked at the seventh position among the top 10 regulators worldwide.

Top 3 as per Patrick Young & Exchange Invest report:

  1. European Union’s Commissioner (Competition) Margrethe Vestager
  2. ESMA (European Securities and Markets Authority) Chairman Steven Maijoor
  3. SEC (US Securities and Exchange Commission) Chairman Jay Clayton

SEBI fixes Penalty for non-compliance of shareholding norms:

SEBI has tightened the noose on listed companies not adhering to norms regarding minimum public shareholding (MPS). Those that are non-compliant will have to pay a fine of 5,000 a day. In addition, the entire promoter holding, except for compliance to MPS, will be frozen by depositories, and the promoter group and directors of the company will not be allowed to hold any position in other companies.


 India Slips to 8th Rank in Valuable Nation Brand List:

According to Brand Finance’s Nation Brands 2017, India has been ranked the eighth most valuable nation brand.  The United States topped the list with China at second position.


RESIGNS

Facebook India MD Umang Bedi quits:

 Facebook India managing director Umang Bedi has stepped down from his position, according to a statement by the social networking giant.

Sandeep Bhushan has been appointed as the interim managing director.


AWARDS

Boxing coach Gurbax gets National Award:

Long-serving Indian boxing coach Gurbax Singh Sandhu has been honoured with the National Awards for senior citizens by President Ramnath Kovind.


 SPORTS

Iceland becomes smallest nation ever to enter FIFA World Cup:

Iceland became the smallest country ever to qualify for the World Cup when they beat Kosovo to book a place at their first finals in Russia next year as winners of Group I.

Iceland

  • Currency: Icelandic króna
  • Capital: Reykjavik

HISTORIC EVENT OF THE DAY

India Water Week inaugurated by President:

The President of India, Shri Ram Nath Kovind, inaugurated India Water Week-2017 on (October 10, 2017) in New Delhi.


International Day of the Girl Child: October 11th, 2017

International Day of the Girl Child will be observed throughout the world. Annually October 11 is the International Day of the Girl Child declared by the United Nations. It was first observed in October 2012.

This year’s theme is “The Power of the Adolescent Girl: Vision for 2030.”


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