Friday, 14 October 2016

Latest Current Affairs Update : 14th October

Latest Current Affairs and Daily GK Update 2016
1. World Standards Day is being observed on 14th October:
  • ‘World Standards Day’  is celebrated internationally each year on 14th October.
  • The aim of World Standards Day is to raise awareness among regulators, industry and consumers as to the importance of standardization to the global economy.
  • The theme for World Standards Day 2016 is “Standards Build Trust“.
2. India, Russia sign agreement to set up agro irradiation centres:
  • India and Russia signed a bilateral agreement for cooperation in the development of a network of integrated infrastructure irradiation centres.
  • The agreement was signed between the Indian Agricultural Association, Hindustan Agro Co-Op Ltd (HACL) and United Innovation Corporation (UIC), a subsidiary of ROSATOM State Atomic Energy Corporation of Russia.
  • It will be implemented through a Joint Venture and aims to set up 25 integrated irradiation centres.
3. Maneka Gandhi inaugurates Women of India Festival 2016:
  • Minister of Women and Child Development Maneka Gandhi has inaugurated the Women of India Festival 2016 at Dilli Haat in New Delhi.
  • Ten-day festival will offer the biggest selection of organic products prepared by women.
  • The festival celebrates and promotes women entrepreneurs from across India.
  • This year’s festival have 230 stalls and about 372 participants.
4. Govt. releases Rs. 99.62 crore under AMRUT scheme:
  • Andhra Pradesh government has released Rs. 99.62 crore to AP-Urban Finance and Infrastructure Development Corporation Limited (AP-UFIDC) for the year 2016-17  for works taken up under the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) scheme.
  • The scheme is being implemented in 33 cities and towns in the State.
  • The funds will be disbursed to the eligible urban local bodies for improving civic infrastructure like roads, water supply, sewerage, solid waste management and storm water drains.
5. WHO releases Global Tuberculosis Report 2016:
  • The World Health Organisation (WHO) released the Global Tuberculosis Report 2016 highlighting that countries need to move much faster to prevent, detect and treat Tuberculosis (TB) in order to meet global targets.
  • The report highlights the considerable inequalities among countries in enabling people with TB to access existing cost-effective diagnosis and treatment interventions that can accelerate decline in TB worldwide.
6. UIDAI launches special drive to enroll AADHAAR:
  • The Unique Identification Authority of India (UIDAI) has launched a special drive to enroll leftover population for Aadhaar in Union Territories and 22 States (till 15th November).
  • The States/UT include Rajasthan, Madhya Pradesh, Kerala, Punjab, Haryana, Himachal Pradesh, Andhra Pradesh, Andaman & Nicobar Island, Maharashtra, Jharkhand and Uttar Pradesh.
  • The scheme will be only for the adult population.
  • The residents of these States who have not yet enrolled for Aadhaar are being asked to register themselves at
7. Bank of Baroda appoints P V Sindhu and K Srikanth as Brand ambassadors:
  • Public sector bank Bank of Baroda (BOB) has signed a three-year principal sponsorship contract with badminton Olympians P V Sindhu and K Srikanth.
  • Bank of Baroda logo will appear on the center chest of the two athletes’ playing jersey in international as well as domestic tournaments under the aegis of Badminton World Federation events (BWF) and Badminton Association of India sanctioned events, respectively.
  • In 2005, the bank had appointed right-hand batsman Rahul Dravid as its brand ambassador.
8. India to eliminate use of HFC-23 by 2030:
  • India has decided to eliminate use of HFC-23, a greenhouse gas (GHG) that harms the ozone layer by 2030. With this, India, is taking the lead on tackling climate change. 
  • It was announced during the 28th Meeting of the Parties toof parties to the Montreal Protocol at Kigali in Rwanda
  • In this meeting, final negotiations are taking place to substantially reduce the use of HFCs (hydrofluorocarbons) by 2030.
  • HFC-23 is a by-product of HCFC-22 (Hydrochloroflurocarbon-22), which is used in industrial refrigeration.
9. CCEA approves revision of ethanol prices to public sector:
  • Cabinet Committee on Economic Affairs (CCEA) has approved the mechanism for revision of ethanol price for supply to Public Sector Oil Marketing Companies to carry out the Ethanol Blended Petrol (EBP) Programme.
  • The administered price of ethanol for the Programme will be 39 rupees per liter from 1st December this year to 30th November next year.
  • It will facilitate Government in providing price stability and remunerative prices for ethanol suppliers.
10. SEBI bans 21 entities in tax evasion case:
  • Securities and Exchange Board of India (SEBI) has banned 21 entities in a case related to tax evasion and illegal gains through misuse of stock exchange mechanism.
  • Earlier, SEBI had barred Dhyana Finstock and 75 other entities, from the market for using the securities system to artificially bump up volume and price of the scrip to provide illegitimate gains to preferential allottees.
  • The probe began following the complaints received from several investors in the matter.
11. Union Cabinet approves MoU on General Cooperation with NDB:
  • The Union Cabinet has approved  a Memorandum of Understanding (MoU) on General Cooperation with New Development Bank (NDB) through the BRICS Interbank Cooperation Mechanism.
  • The proposal will enhance trade and economic relations among the BRICS countries.
  • Five banks from the BRICS nations had established the BRICS Interbank Cooperation Mechanism to enhance trade and economic relations among the BRICS countries.
12. Thailand King Bhumibol Adulyadej passes away:
  • King of Thailand Bhumibol Adulyadej (88-years) has passed away after long illness at Bangkok (Thailand).
  • Thai King Crown Prince Maha Vajiralongkorn (64-years) will be the new monarch.
  • He was the world’s longest-serving head of state and the longest-reigning monarch in Thai history.
  • Adulyadej was crowned King of Thailand on 5 May 1950 at the Royal Palace in Bangkok.

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