Current Affairs 17th October 2017 - Banking, SSC, UPSC Affairs

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Footwear Design & Development Institute (FDDI)  declared an ‘Institute of National Importance’ under Ministry of Commerce & Industry, Government of India. The FDDI bill was passed by the Parliament in July 2017.  The Provisions of FDDI Act 2017 have come into force. Presently FDDI is imparting skill based graduate and postgraduate courses in the fields of footwear, leather goods, retail, and management to around 2,500 students across eight campuses spread over India.

Petroleum and Natural Gas Minister Dharmendra Pradhan on a three-day visit to Japan to participate in the 6th annual LNG Producers Consumer Conference. The visit is important to enhance the bilateral engagements in the Oil and Gas sectors within the overall framework of India-Japan Energy Dialogue.  Energy Ministers from Qatar, Nigeria, Bangladesh, Japan and other leading hydrocarbon experts will participate in the Conference.

Private sector Yes Bank has committed Rs 156 crore to fund first Sewage Treatment Plant (STP) to be constructed at Varanasi under Hybrid Annuity-PPP Model. The bank has signed a deal with Essel Infraprojects for the financial closure of Rs 156 crore that will fund the STP under Namami Gange Project.

This year's 2nd Ayurveda Day is celebrated on 17 October in New Delhi by the Ministry of AYUSH. Prime Minister Narendra Modi will be the Chief Guest and will also inaugurate the country's first All India Institute of Ayurveda, Sarita Vihar, New Delhi. The All India Institute of Ayurveda, set up on a total area of 10.015 acres on a budget of Rs 157 crore, is the first medical institute under the AYUSH ministry to hold the coveted National Accreditation Board for Hospitals and Healthcare Providers (NABH) accreditation.

Auto manufacturer Mahindra and Mahindra celebrated ‘Mahila Kisan Diwas’ and launched a programme, ‘Prerna’ to empower women working in the agriculture sector. Prerna’ project is aimed at promoting the use of efficient and ergonomic farm tools and equipment by women who work long hours in the fields. It is first launched in Odisha, with an aim to positively impact the lives of over 1,500 families across 30-plus villages.

Bangkok Bank is Thailand’s market leader in corporate and small and medium-sized enterprise (SME) banking. The digital portal which will be developed by iGTB for Bangkok Bank will integrate a number of previously separate platforms, thereby enabling a consistent and consolidated view of clients’ working capital and payments activities, irrespective of the country they operate in. With back-end processing of transactions, risk management and reporting, all centralised and handled in one place, Bangkok Bank’s transaction processing rate will improve significantly.

Punjab police launched foot patrolling an initiative whereby police personnel will patrol designated areas on foot to keep a watch on anti-social elements. The main Objective of foot patrolling is to reduce incidence of crime by increasing the presence of police in vulnerable locations. All foot patrol officers will be wearing jungle boots, specially designed arm-band and will carry weapons, baton, handcuffs, and wireless sets.

India’s National Investment and Infrastructure Fund (NIIF) of India on has signed an investment agreement worth $1 billion with Abu Dhabi Investment. With this, ADIA became first institutional investor in NIIF’s Master Fund and shareholder in NIIF’s investment management Company. NIIF is claimed to be India’s first sovereign wealth fund.

International Business Machines Corporation (IBM) announced the launch of IBM Blockchain, a new blockchain banking solution, that will help financial institutions for cross-border payments. It is partnered with regional financial services company KlickEx Group and Stellar.org, a nonprofit organization that supports an open source blockchain network for financial services.

Prime Minister Narendra Modi will inaugurate the All India Institute of Ayurveda at Sarita Vihar in New Delhi. The First ever All India Institute of Ayurveda (AIIA) has been set up along the lines of AIIMS. Within the short duration of its establishment, AIIA has gained a wide national and International recognition. It has started working to facilitate quality patient care, research and bridging the gaps in the scientific information about quality, safety, and efficacy of Ayurveda products and developing benchmarks of Ayurvedic education, research and healthcare. 

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    Topics covered in the 17th October 2017 Current Affairs are
  • International News,
  • National News (ie. Indian Affairs),
  • important events associated with Science & Technology, Environment,
  • Bills & Acts Passed by Government,
  • Defence News,
  • About important Persons, Places,
  • Banking & Economical News,
  • Awards & Honours,
  • Sports News,
  • Revolutionary Updates on Arts & Culture,
  • Obituary,
  • Summits & Conference,
  • Important Committee,
  • Schemes,
  • Appointments,
  • Important Days & its Theme for Current as well as upcoming Year,
  • Books & Its Authors,
  • Agreements & MoUs,
  • Budget, Taxes,
  • Various Important Lists & Indexes,
  • Visits by World Presidents, Prime Ministers,
  • Political affairs and all Current News.

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