Daily Current Affairs 14th October, 2017

Daily Current Affairs 14 October 2017 for Banking/Insurance/SSC and other related exams.

NATIONAL NEWS

The revamped Bureau of Indian Standards Act comes into force from Oct 12: Govt

The much-awaited Bureau of Indian Standards (BIS) Act has come into effect from October 12 with a provision to bring more services and products like jewellery under the mandatory standard regime.

  • Parliament had, in March 2016, passed the law to replace the BIS Act of 1986.
  • Not only the provisions of the Act will give fillip to ’Make In India’ campaign but also ensure availability of quality products and services to the consumers.

India, Sweden launch initiative for start-ups

India and Sweden are putting in place a mechanism to foster greater cooperation among start-ups and help them enter each other’s markets.

  • A Sweden-India ‘Startup Sambandh’ initiative has been launched by Invest India and Founders Alliance in Sweden for higher cooperation among start-ups.
  • Startup Sambandh includes an online portal, which has a go-to-market guide for Swedish entrepreneurs looking to enter India, resources regarding the Indian start-up ecosystem and a one-on-one facilitation programme through which dedicated sector experts will assist Swedish start-ups in their Indian foray.

Mughalsarai Railway Station renamed after Pandit Deen Dayal Upadhyay

The Mughalsarai railway station of Uttar Pradesh has been renamed to Pandit Deen Dayal Upadhyay railway station.

  • Mughalsarai is one of the oldest and biggest railway junctions in the state. The renaming of the iconic railway station was proposed by Uttar Pradesh Chief Minister Yogi Adityanath in August, and was approved by the Centre.
  • Jan Sangh leader Deen Dayal Upadhyaya was found dead in mysterious circumstances near Mughalsarai station on February 11, 1968.

World’s largest combustion research centre at IIT Madras

The world’s largest combustion research centre which will impart a major boost to the Indian scientific community has been inaugurated at the Indian Institute of Technology, Madras.

Kolkata to host international puppet festival

Kolkata is all set to host an international Puppet festival from October 26. The puppet festival is aimed at regenerating the emotions attached to puppetry and it will be held at Mohorkunj in Kolkata.



INTERNATIONAL NEWS

Two Experimental Ebola vaccines found safe and effective

According to a large clinical trial in Liberia, two experimental Ebola vaccines — cAd3-EBOZ and rVSV-ZEBOV — are safe and can elicit immune response that lasts for at least one year.

  • The findings, published in the the New England Journal of Medicine, are based on a study of 1,500 adults that began during the West Africa Ebola outbreak.


BANKING & FINANCE

IndusInd Bank announced the takeover of micro finance lender Bharat Financial Inclusion Ltd

The Board of Directors of IndusInd Bank Ltd and Bharat Financial Inclusion Ltd have approved the merger of two companies through a composite scheme of arrangement.

  • As per the merger terms, the shareholders of microfinance company Bharat Financial will receive 639 shares of IndusInd for every 1,000 shares of Bharat Financial, formerly known as SKS Microfinance Ltd.

Union Bank launches bilingual Android app

Union Bank of India has launched an Android app, Union Sahyog, as part of its drive to digitise customer-facing banking services.

  • The Union Sahyog app is bilingual — offering both English and Hindi language.

Odisha govt department signs MOU with SBI

The Odisha government’s Directorate of Treasuries and Inspection and the State Bank of India have signed an MOU for integration of SBI e-Pay with cyber treasury.

  • The MoU is a landmark initiative by the state government to facilitate revenue collection from citizens through digital banking platform


BUSINESS

IMF for three-pronged approach for structural reforms in India

The IMF has suggested a three- pronged approach for structural reforms in India that includes reducing the number of labour laws, improving infrastructure and closing the gender gap among others.



APPOINTMENTS

Rukaiya Rangwala appointed MobiKwik payment gateway head

MobiKwik, mobile wallet major and a payment gateway provider announced the appointment of Rukaiya Rangwala as the Business Head of ‘MobiKwik Payment Gateway’ to drive the growth of the entity.

France’s Audrey Azoulay is next UNESCO chief

UNESCO’s executive board has chosen former French Culture Minister Audrey Azoulay to be the UN cultural agency’s next leader over a Qatari candidate in an unusually heated race overshadowed by Mideast tensions.

  • Azoulay succeeds outgoing Director-General Irina Bokova of Bulgaria, whose eight-year term was marred by financial woes and criticism over Palestine’s inclusion as a member.


AWARDS

M K Sanu chosen for Mathrubhumi Literary award

Eminent critic, biographer and orator M K Sanu has been chosen for the Mathrubhumi Literary Award for 2016 in recognition of his rich contribution to the Malayalam literature.



OBITUARY

Historian Satish Chandra passes away

Veteran historian of medieval India and noted educational administrator Satish Chandra has passed away.

  • Prof. Chandra was the author of the NCERT’s medieval India textbook that was in circulation from some time in the 1970s till the early 2000s and was considered the most comprehensive textbook of the era, loaded with information.


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5 Thoughts to “Daily Current Affairs 14th October, 2017”

  1. jaga

    The bengaluru international airport limited has planned to make kempegowda international airport as india’s first airport to have complet aadhar enabled -entry and biometric boarding system.

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