Daily GK Updates - 27th October, 2015

NATIONAL UPDATES:

   I.        Third India-Africa forum summit begins in New Delhi: The 3^rd India-Africa forum summit (IAFS) began in New Delhi. The four day summit is one of the largest gatherings of African countries outside Africa as all 54 nations of the continent have participated.

II.      Department of Heavy Industries drafted National Policy on Capital Goods: The policy on Capital Goods is focused on the most critical sector for achieving the vision of Make in India and also is envisages unlocking the potential for this promising sector and establish India as a global manufacturing hub.

III.   Financial powers of Health Institutions enhanced to 5 lakh rupees per patient under RashtriyaArogyaNidhi (RAN) scheme: After the enhancement, only cases for financial assistance beyond 5 lakh rupees would now be required to be referred to the Union Ministry of Health and Family Welfare from the earlier upper limit of 2 lakh rupees per patient.

IV.       Blackberry appoints NarendraNayak as Managing Director of India Operations.

V.      Reliance Industries Ltd first corporate to sign revised listing pact with BSE: It became the first corporate to sign the revised listing agreement with the BSE as mandated under the newly introduced Listing Regulation notified by SEBI.

VI.     Indian Immunologicals Ltd opened 250 crore rupees multi-purpose facility near Hyderbad: It has operationalized the new multi-purpose facility to produce vaccines against infectious diseases of humans and animal health formulations.

VII. SC appointed UpamanyuHazarika Commission submitted report on illegal migrants from Bangladesh.

VIII. Dinesh, Yekona open cast mine projects of Western Coalfields inaugurated in Nagpur: Union Minister of State (IC) for Power, Coal & New Renewable Piyush Goyal inaugurated Dinesh and Yekona open cast mine projects. They are run by the Western Coalfields Limited (WCL) and located in Umred area of Nagpur district in Maharashtra.

IX.     Union Law Ministry notified Delhi HC Amendment Act, 2015: The Act provides for enhancement of pecuniary jurisdiction of the District Courts from 20 lakh to 2 crore rupees.

INTERNATIONAL UPDATES:

  I.        Gautemala elected comedian Jimmy Morales as the President: Jimmy Morales, a former TV comedian, swept to power in Guatemala’s presidential election. In the presidential election, Morales won more than 67% of the votes. On the other hand, the ex-first lady Sandra Torres received less than 33% of the votes.

II.      China launched third mapping satellite of Tianhui-1 series: A Long March-2D carrier rocket carried the Tianhui-1C mapping satellite.

III.      European Union and Balkan leaders agreed on 17 point plan to manage inflow of migrants.

IV.      Law and Justice Party won Poland’s Parliamentary Elections 2015: Conservative Right-wing Law and Justice Party (PiS) won the Polish parliamentary elections 2015. Following the preliminary result, PiS leader J Kaczynski claimed victory.

V.     World Bank released a report on Arab Spring Revolution: It released a report entitled Inequality, Uprisings, and Conflict in the Arab World as part of the Middle East and North Africa Region (MENA) Economic Monitor series.

VI.    India is World’s largest remittance recipient: World Bank: It was revealed in the Migration and Development Brief that conveyed recent trends in remittance flows and migration across the world.

OTHER UPDATES:

FINANCE/BANKING:

  I.      FIIs/RFPIs can now invest up to 74% in DEN Networks Limited:  RBI: The RBI notified that Foreign Institutional Investors (FIIs)/ Registered Foreign Portfolios Investors (RFPIs) can now invest up to 74% of the paid up capital of DEN Networks Limited under the Portfolio Investment Scheme (PIS).

II.      Yes Bank advances after operationalizing IFSC Banking Unit in GIFT city: It has operationalized its IFSC Banking Unit in Gujarat International Finance Tech City.

III.     RBI and Bangladesh Bank ink MoU on Information Exchange: Both the institution now will look forward to exchange of supervisory information.

SPORTS:

IV.      Hashim Amla becomes fastest to score 6000 ODI runs, breaks ViratKohli’s record: For this Amla took just 123 innings as compared to Kohli, who achieved this feat in his 136^th innings.

V.       Deepika Kumari won silver medal in Archery World Cup Final held in Mexico City.

VI.     ICC released Test, ODI, T20I and Women’s Ranking: South Africa was placed at the top position in the Test ranking list, while Australia topped the ODI list and Sri Lanka topped the list of T20I rankings. Australian women team topped in ICC Women’s Ranking.

AWARDS:

VII.    Indian-American farmer Anita Adalja to be honoured for exemplary agriculture work: Indian-American farmer is among 12 individuals from across the country that will be recognised as White House Champions of Change for sustainable and climate-smart agriculture at an event in the US.

VIII.  AR Rahman received the 5^thHridaynathMangeshkar Award: He was conferred with the award in Mumbai for his contribution to the Indian music.

IX.     Angry Indian Goddesses bagged People’s Choice Award at Rome Film Festival: Director Pan Nalin’s film, Angry Indian Goddesses was awarded with BNL People’s Choice Award at the 10^th Rome Film Festival held in Rome, Italy. The award was presented by the BNL Gruppo BNP Paribas.