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Quick Gyan is just the glimpse of Today’s Updates. We recommend you study the detailed news at the Current Affairs Section.
CURRENT AFFAIRS – OCTOBER 27/2015
1. October 27 – World Day for Audiovisual Heritage
UNESCO declared October 27 as the World Day for AudioVisual (AV) Heritage to raise awareness of the significance of AV documents and to draw attention to the need to safeguard them. Every year, activities are organized by different institutions worldwide around a theme to drum up interest in the event. The World Day provides an occasion to raise general awareness of the need to take urgent measures and to acknowledge the importance of audiovisual documents.
Theme :-Archives at risk: protecting the world’s identities.
2. Renowned music composer AR Rahman was conferred with Hridaynath Mangeshkar
Renowned music composer A R Rahman received Hridaynath Mangeshkar Award. Veteran filmmaker Subhash Ghai presented the fifth Hridaynath Mangeshkar Award to Rahman on the 78th birthday of Pandit Hridaynath Mangeshkar, well-known composer and the younger brother of Lata Mangeshkar and Asha Bhosle.
Rahman won the Oscar for Best Original Score and Best Original Song, sharing it with lyricist Gulzar, for Danny Boyle’s ‘Slumdog Millionaire’ in 2009. The composer has also won four National Awards in a career spanning over two decades.
3. BJP’s Balasubrahmanyam Kamarsu on the board of EPFO
The government has appointed the national convenor of Bharatiya Janta Party’s (BJP) legal cell and the secretary of the BJP parliamentary party Balasubrahmanyam Kamarsu on the board of the Employees’ Provident Fund Organisation (EPFO) as an industry representative. The EPFO is the country’s largest retirement fund overseeing lifetime savings of 8 crore formal sector employees, with a cumulative corpus of close to Rs 8.5 lakh crore.
4. RBI signs MoU with Bangladesh Bank for exchange of supervisory information.
The Reserve Bank has signed a memorandum of understanding (MoU) with Bangladesh Bank for exchange of supervisory information. RBI has entered into Memorandam of Understanding, Letter for Supervisory Co-operation and Statement of Co-operation with supervisors of a few countries to promote greater cooperation and share supervisory information. With this, RBI has signed 30 such MoUs, one Letter for Supervisory Cooperation and one Statement of Cooperation.
5. China launched third mapping satellite of the Tianhui-1 series
China today successfully sent its third mapping satellite of the Tianhui-1 series into orbit which will enhance the country’s ability to carry out scientific research, mapping and disaster relief. Tianhui-1C mapping satellite was launched from the Jiuquan launching base located in the country’s northwestern Gansu province. Tianhui-1C was aboard a Long March 2D carrier rocket, the 215th launch of the Long March series rockets.
The satellite was developed and produced under the auspices of CASTC and is the third satellite in the Tianhui-1 series. It will be used for scientific experiments, land resource surveys, mapping, crop yield estimation and disaster relief. The first Tianhui 1 mapping satellite was launched in August 2010.
6. RBI turned down a proposal to allow up to 100% FDI in banks.
he Reserve Bank of India (RBI) has turned down a proposal from the government to allow up to 100% foreign direct investment (FDI) in banks, a move that may come as a damper for several private sector lenders such as ICICI Bank and HDFC Bank. Private banks are particularly keen on a higher ceiling and investors are also hoping for a relaxation. In fact, HDFC Bank recently got permission for 74% foreign investment and was also found to be in breach of the norms for a short period.
7. Financial powers of Health Institutions enhanced to 5 lakh rupees per patient under Rashtriya Arogya Nidhi
Union Ministry of Health and Family Welfare has enhanced delegated financial powers of designated Central Government Hospitals and institutes under the Rashtriya Arogya Nidhi (RAN) scheme. After the enhancement, only cases for financial assistance beyond 5 lakh rupees would now be required to be referred to the Ministry from the earlier upper limit of 2 lakh rupees per patient.
The move is aimed at curtailing procedural delays for treatment, which would bring relief to thousands of patients annually.
8. FIIs/RFPIs can now invest up to 74 percent in DEN Networks Limited: RBI
The Reserve Bank has allowed foreign investors to raise their stake up to 74 percent in DEN Networks. RBI said the decision came after the company passed resolutions at its Board of Directors level and a special resolution by the shareholders, agreeing for enhancing the limit for the purchase of its equity shares and convertible debentures by FIIs/RFPIs. FIIs, NRIs and PIOs (Persons of Indian Origins) can invest in primary and secondary capital markets in India through PIS.
9. BlackBerry appoints Narendra Nayak as Managing Director of India operations
BlackBerry has appointed Narendra Nayak as the Managing Director of its India operations to steer the Canadian handset maker’s restructuring efforts. He replaces Sunil Lalvani, who had quit the organisation in June. Nayak will be responsible for driving BlackBerry’s software and services business through all channels in India direct enterprise customers, network operators, distribution partners.
Nayak joins BlackBerry from venture-funded software company Linguanext Technologies, where he was responsible for growing the business in India and across South East Asia, Middle East and Africa.
10. RIL first corporate to sign revised listing pact with BSE
Reliance Industries becomes the first corporate to sign the revised listing agreement with the BSE as mandated under the newly introduced Listing Regulation notified by SEBI. Earlier, the listing agreement was a bilateral agreement between the stock exchange and the company and market regulatory SEBI didn’t have regulations on this. Thus each company’s agreement with stock exchange could be at variance and lacking the full force of SEBI’s rigour.
