Daily Current Affairs 19 October 2017 for Banking/Insurance/SSC and other related exams.
NATIONAL NEWS
Arunachal Assembly approves Kamle as 23rd district
The Arunachal Assembly has passed a bill paving way for creation of a new district to be named Kamle. With the official creation of the new district, the total number of districts in the state shot up to 23.
MCX launches India’s first commodity options in gold
The Multi-Commodity Exchange of India Ltd (MCX) has launched India’s first commodity options in gold, giving stakeholders a new set of financial instruments to hedge their price risks.
Exercise INDRA – 2017: Indo-Russia Joint Exercise begins
Giving the Indo-Russian defence cooperation a major boost, Exercise INDRA-2017, the first ever Tri Services Joint Exercise between Indian and Russian Armed Forces will be conducted in the Eastern Military District of Russia from 19 to 29 Oct 2017.
- The year 2017 marks a major milestone as this Exercise has been upgraded to involve all the three Services of the Armed Forces (Army, Navy & Air Force), which further accentuates the importance of Joint Services in the present world environment.
- Exercise INDRA-2017 is being conducted at the 249th Combined Army Range Sergeevisky and in the Sea of Japan near Vladivostok.
- The indigenously built Indian Naval ships INS Satpura and INS Kadmatt also reached Vladivostok Port.
India among five countries responsible for 50% newborn deaths
India is among the five countries — Pakistan, Nigeria, Congo and Ethiopia being the others — responsible for half of all new-born deaths in the world, according to a UN report.
- The report, “Levels and Trends in Child Mortality 2017”, revealed that 5.6 million children died before reaching the age of five in 2016. However, this is a marked decrease compared to 2000 when nearly 9.9 million children had died before turning five.
- While India was accountable for 24 per cent of these new-born deaths, Pakistan accounted for 10 per cent, Nigeria 9 per cent, the Democratic Republic of Congo 4 per cent and 3 per cent of the deaths occurred in Ethiopia.
- Also, according to report, India has witnessed 66 per cent decline in the under-five mortality rate from 1990 to 2015 but most of the new-born deaths — 24 per cent of all — still occur in the country.
INTERNATIONAL NEWS
India, Brazil, South Africa sign IBSA Trust Fund agreement
India, Brazil and South Africa signed the IBSA Trust Fund Agreement that seeks to fight poverty in developing countries.
- Each country contributes USD 1 million annually to this fund which is managed by the UN Development Programme’s (UNDP) Special Unit for South-South Cooperation.
BANKING & FINANCE
Kotak Bank, Zeta launch digital prepaid solution for employees
Private sector lender Kotak Mahindra Bank and fintech firm Zeta have announced launch of ‘Paymint’, a multi-wallet digital prepaid solution for salaried employees.
- Paymint enables corporates to offer a host of benefits to its employees including meal vouchers, medical reimbursements, leave travel allowances, conveyance, and fuel allowances, among others “to maximise tax benefits” for employees and optimise the process of making claims.
SBI Foundation commits Rs 10 cr for conservation of CSTM
SBI Foundation has committed Rs 10 crore for the conservation and restoration of Chhatrapati Shivaji Maharaj Terminus (CSTM) of Mumbai over the period of 3-5 years.
- CSTM railway station, formerly known as Victoria Terminus, is a UNESCO World Heritage site.
- Through this project, the CSR arm of State Bank of India aims to contribute in development and preservation of world heritage structures.
SPORTS
Shastri is World’s Highest Earning Cricket Coach
Ravi Shastri has emerged as the world’s highest earning cricket coach with salary close to 1.17 million dollars per year, according to ESPNCricinfo.
Shastri’s remuneration is higher than Lehman ($0.55 million) and Bayliss ($0.52 million) by a huge margin. In fact, the current Indian coach earns less only than what the top players from Australia, England and India take home in a year.
APPOINTMENTS
Jacinda Ardern to be next New Zealand PM
New Zealand will get its youngest Prime Minister in more than 150 years after the small, nationalist New Zealand First Party agreed to form a new government with Labour Party leader Jacinda Ardern, ending the National Party’s decade in power.
- The 37-year-old will be the youngest Prime Minister of the country which had been ruled by the National Party for a decade.
AWARDS
Environmental scientist Schellnhuber receives Blue Planet Prize
The world’s most prestigious award for pioneers in environmental science was given to Hans Joachim Schellnhuber in Tokyo.
- The Blue Planet Prize, coming along with 50 million yen, honors outstanding thinkers who help to meet challenges of planetary dimensions.
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ty az:))
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