Current Affairs 5th October 2017 - Banking, SSC, UPSC Affairs

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Pakistan appointed Vice-Admiral Zafar Mahmood Abbasi as new Chief of Naval Staff. He replaces Admiral Muhammad Zakaullah. In Pakistan, all services chiefs are appointed by the President at the recommendation of the Prime minister who has final say in such appointments.

Forbes Magazine released its India Rich List for 2017 with Reliance Industries Limited chairman Mukesh Ambani topping the charts for the 10th consecutive year with a net worth of $38 billion. Mr. Ambani is followed by tech czar Azim Premji who jumped two places with the net worth of $19 billion. According to Forbes, the combined net worth of the 100 richest Indians stood at $479 billion, a jump of 26% from $374 billion in 2016. Acharya Balkrishna, CEO of  Patanjali Ayurved, figures at No. 19 with a net worth of $6.55 billion.

India’s renewable energy capacity will more than double by 2022 to overtake renewable expansion in the European Union for the first time, International Energy Agency (IEA). The country’s renewable energy installed capacity is 58.30 GW as per the recent government data. The government has a target of raising it to 175 GW by 2022 including 100 GW of solar and 60 GW of wind energy. Earlier this year, the solar and wind power tariffs dropped to an all-time low of Rs2.44 per unit and Rs3.46 per unit in a tariff-based competitive bidding conducted by Solar Energy Corporation of India (SECI).

The Cabinet meeting chaired by Prime Minister Narendra Modi approved Memorandum of Understanding (MoU) between India and Myanmar on up gradation of the Women’s Police Training Centre at Yamethin, Myanmar. Myanmar shares a long land border of over 1600 Km with India as well as a maritime boundary in the Bay of Bengal. Both countries share a heritage of religious, linguistic and ethnic ties. India and Myanmar signed a trade agreement in 1970. Bilateral trade has been growing steadily reaching USD 1571.95 million in 2014-15 (Exports to Myanmar USD 773.74 million and Imports from Myanmar USD 1016.86 million) and India is the fourth largest trade partner of Myanmar but trade remains below potential.

Chhattisgarh Chief Minister Dr. Raman Singh today flagged-off 'Cancer diagnosis Ambulance' at his official residence. The vehicle is fitted with ultra-advanced equipment to detect cancer. The patients will be treated free-of-cost. The Akhil Bharatiya Marwari Yuva Manch is organizing the cancer detection camps. About Rs Two crore had been invested in the ambulance. The patients who are suffering from oral, throat, breast, prostate, intestinal, liver and other forms of cancer will be medically examined.

The cabinet meeting held under the Chairmanship of the Madhya Pradesh Chief Minister Shivraj Singh Chouhan gave its approval for continuation of infrastructure related schemes being implemented by the Directorate of Industry and Employment from 2017-18. In order to undertake works for 2017-18, 2018-19 and 2019-20, integrating all the schemes, the state government has given its approval in the form of a grant for Rs. 699 crore 20 lakh, Rs. 895 crore 70 lakh and Rs. 600 crore 50 lakh respectively, total Rs. 2195 crore towards infrastructure works. The approval 40 percent grant of the project cost from the government, a loan from the financial institutions under the 50 percent government guarantee and to ensure 10 percent share of implementation agency for the establishment of new industrial areas and development of industrial areas under state-level corridor.

The World Space Week is observed from 4th to 10th October. The theme of 2017 is ‘Exploring New Worlds In Space’. On October 4th1957 Sputnik 1 was launched. It was the first human-made, Earth-orbiting satellite. Second, the signing of The Outer Space Treaty on October 10th 1967.

World Teachers Day is celebrated across the world on October 5th since 1994 to commemorate the anniversary of the signing of the 1966 UNESCO/ILO Recommendation concerning the Status of Teachers. The theme of 2017 World Teachers’ Day is “Teaching in Freedom, Empowering Teachers”. In commemoration of the 20th anniversary of the 1997 Recommendation, an international conference will take place at UNESCO’s Headquarters in Paris. It will bring together teachers, trainers, policy-makers, as well as researchers and other education stakeholders to celebrate teaching, academic freedom, and what we need to do to ensure quality higher education and a sustainable future for the teaching profession.

Reserve Bank of India (RBI) opened a branch in Dehradun, Uttarakhand. The branch was inaugurated by Uttarakhand Chief Minister Trivendra Singh Rawat. Earlier, all the banking related works of the Uttarakhand State Government were carried out through the Reserve Bank of India branch at Kanpur.

Uttar Pradesh State Government launched a mass marriage scheme called ‘Mukhyamantri Samoohik Vivaah Yojana’. Under the scheme, Uttar Pradesh social welfare department will conduct mass marriages. The District magistrates of respective districts will authorize Urban local bodies like Nagar panchayat, Nagar Palika and Nagar Nigam, kshetra panchayats, Zila panchayats, government/semi-government organizations and NGOs to organize programmes in this regard.

Bharti Airtel received Ghana’s National Communications Authority’s approval for the merger between Bharti Ghana (Airtel) and Millicom Ghana (Tigo), subject to certain conditions. This merger will result in an entity which will be the second largest mobile network operations in the country. Based on agreements which have been accepted by the merging entities and the payment of relevant fees a supplementary agreement to the licenses of the merging entities will be signed between the NCA and the merging entities.

The Union Government named Rajnish Kumar as the new chairman of State Bank of India for a three-year term. He succeeds Arundhati Bhattacharya.

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