Daily GK Updates - 27th October, 2016

NATIONAL UPDATES:

1. Justice Reddy committee on One Rank One Pension submits report:The one-man judicial committee on One Rank One Pension submitted its report to the Defence Minister ShriManoharParrikar.The Central Government had appointed the committee under the Chairmanship of Justice L Narasimha Reddy retired Chief Justice of Patna High Court.

2.Govt notifies revised DTAA with South Korea: India and South Korea on 26 October 2016 signed a revised Double Taxation Avoidance Agreement (DTAA) for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income.

3.Sunil Bharti Mittal elected as GSMA Chairman: Bharti Enterprises Founder and Chairman Sunil Mittal has been elected as GSMA (Global System Mobile Association) Chairman for a two-year period from January 2017 through December 2018.

4. Dr. Ajay M. Gondane appointed as the next High Commissioner of India to Australia:Dr. Ajay M. Gondane has been appointed as the next High Commissioner of India to Australia. Currently he is working as the Additional Secretary (Political) in the Ministry of External Affairs (MEA). 

5. Karnal Singh appointed as chief of Enforcement Directorate:Senior IPS officer Karnal Singh on 25-10-2016 was appointed the chief of Enforcement Directorate(ED), the agency entrusted with probing money laundering cases. 

INTERNATIONAL UPDATES:

1.Ericsson appoints BorjeEkholm as new president, CEO:  Swedish telecom gear maker Ericsson has appointed BorjeEkholm as President and CEO. Ekholm joins Ericsson from his current position as CEO of Patricia Industries, a division within Investor.

OTHER UPDATES:

FINANCE/BANKING:                                 

1. MMTC ties up with major banks to retail gold coins:Public sector major MMTC (Metals and Minerals Trading Corporation of India) has joined hands with HDFC Bank, ICICI Bank and Andhra Bank to retail gold coins with a new buyback option. 

2. SalimGangadharan to replace AmitabhaGuha as non-executive chairman in South Indian Bank: Former Reserve Bank of India chief general manager SalimGangadharan is appointed as the next non-executive chairman of South Indian Bank.Gangadharan will replace AmitabhaGuha will resign on November 1, 2016.

OBITUARIES:

3.Legendary Kashmiri singer Raj Begum dies: Celebrated Kashmiri singer Raj Begum passed away on 26 October 2016 in Srinagar, Jammu & Kashmir. Begum was one of the most recognized female singers in the Kashmir Valley.She was 89. She was also awarded with Padma Shri in 2002.