Saturday, 1 October 2016

Daily GK Update and Current Affairs (1st October)

Current Affairs and Daily GK Update for ibps exams 2016
1. International day of Older Persons is being observed on 1st October:
  • The International Day of Older Persons is observed on 1st October every year.
  • It is also a day to appreciate the contributions that older people make to society.
  • The theme of this year is “Take A Stand Against Ageism”.
2. Arundhati Bhattacharya gets a year’s extension as SBI chief:
  • State Bank of India (SBI) encumbent Chairman Arundhati Bhattacharya will remain the chairperson of SBI for another year.
  • Her tenure was to end on  6th October.
  • Earlier, the Cabinet gave its nod for merger of State Bank of India (SBI), its associate lenders and Bharatiya Mahila Bank (BMB) that would make the state-owned lender a global-sized bank.
3. SAARC summit "postponed indefinitely":
  • Pakistan has officially postponed the 19th SAARC summit 2016, after 5 countries – India, Afghanistan, Bangladesh, Bhutan and Sri Lanka dropped out of it.
  • The SAARC Summit was scheduled on November 9 and 10 in Islamabad, Pakistan.
4. Somesh Sharma elected as new INS president:
  • Somesh Sharma of Rashtradoot Saptahik has been elected as President of The Indian Newspaper Society (INS) for the year 2016-17 at the 77th annual general meeting of the INS.
  • He succeeds PV Chandran of Grihalakshmi of Mathrubhumi Group.
5. Tirupati Airport awarded as “Best Tourist Friendly Airport”:
  • Airports Authority of India’s Tirupati Airport has been awarded as “Best Tourist Friendly Airport” under the category for “State Annual Excellence Awards for the year 2015-16” by Andhra Pradesh Tourism.
  • The award was presented on the eve of World Tourism Day by the Chief Minister of Andhra Pradesh Chandra Babu Naidu at Bhawani Islands, Vijayawada (Andhra Pradesh).
6. R Subramania Kumar new Executive Director (ED) of IOB:
  • The Centre has appointed R Subramania Kumar as Executive Director (ED) of Indian Overseas Bank (IOB).
  • Prior to this appointment, Kumar was Executive Director of Indian Bank.
7. Aditya Birla Retail appoints Mohit Kampani as CEO:
  • Mohit Kampani, the former managing director of Spencer’s Retail, will be joining Aditya Birla Retail as chief executive officer.
  •  Aditya Birla Retail Limited is the retail arm of Aditya Birla Group company.
8. Rs. 65,250 cr declared in Income Disclosure Scheme so far:
  • According to Finance Minister Arun Jaitley, 65,250 crore rupees have been declared in the Income Disclosure Scheme (IDS) so far.
  • Some disclosures have not been tabulated yet and the figure could increase after the final tabulation.
  • The scheme was announced by the government in June this year with an aim to bring out black money from the domestic economy.
  • Those disclosing assets under the IDS will have to pay 45% tax with penalty.
  • The payments can be made in three installments till September 2017.
9. Fiscal deficit at 76.4% of Budget estimate in April-August:
  • The government’s fiscal deficit during the first five months (April-August) of the current fiscal stood at around 4.1 lakh crore rupees.
  • It was 76.4 % of the budget estimates for the entire 2016-17 fiscal.
  • The fiscal deficit in previous year (April to August) had stood at 66.5% of the Budget estimates.
  • Fiscal deficit is the gap between expenditure and revenue for the entire current fiscal has been pegged at Rs 5.33 lakh crore (3.5% of GDP).
  • Total receipts of the government during the first five months of this fiscal were 27.3 % of the estimates for the current year.
  • The revenue deficit during these five months was 91.8 % of budget estimates.
10. HCL and IBM enter 15-year partnership:
  • HCL and IBM have entered into a 15-year partnership for automation, development and operations.
  • This partnership will enable the both companies to focus their technical teams on native cloud and cognitive solutions, as well as industry-specific opportunities.
11. Railway clinched overall title at 56th National Athletics:
  • Railway emerged as the overall champions at the 56th Atheletics Open Nationals that ended on 30 September 2016 in Lucknow, Uttar Pradesh.
  • The highlight of the final day's action was a surprise win in triple jump by the Airforce Sergent Malkit Singh that sealed the gold.
12. India beat Bangladesh to clinch men’s U-18 Asia Cup Hockey Trophy:
  • India lifted the 4th men’s Under-18 Asia Cup hockey trophy by defeating Bangladesh in the final in Dhaka(Bangladesh).
  • India scored a goal in the last minute to edge past hosts Bangladesh 5-4 in the final of the U-18 Men’s Asia Cup hockey.
  • Hardik Singh (India) was named the Man of the Match, while Pankaj Kumar Rajak (India) was named the Best Goalkeeper of the tournament.

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