Daily Current Affairs 6th October, 2017

Daily Current Affairs 6 October 2017 for Banking/Insurance/SSC and other related exams.


India extends USD 195 million credit line to Ethiopia

President Ram Nath Kovind during his visit to Ethiopia announced that India would give Ethiopia a line of credit of USD 195 million for power transmission sector and medicines worth USD 2 million. This is the first time in 40 years that an Indian presidential delegation has visited Ethiopia.

Three-day global medical conference held in Chandigarh

A three-day international medical conference, aimed at engaging industry and academic leaders to discuss current unmet medical needs, held at CSIR-Institute of Microbial Technology (IMTECH) in Chandigarh. CSIR-IMTECH is a premier microbial institute under the aegis of the Union Ministry of Science and Technology.

First ASEAN-India Music Festival begins in New Delhi

The first ever ASEAN-India music festival began at Purana Quila in New Delhi on 6 October 2017.

  • The 3-day festival is being organised by the Ministry of External Affairs, Government of India in collaboration with Culture Ministry to celebrate the 25th year anniversary of ASEAN-India Dialogue Relations.
  • The theme for this commemorative year is ‘Shared Values, Common Destiny’.

India ranks highest in online harassment in APAC region: Norton

India reported the highest levels of online harassment through cyberstalking and threats of physical violence in the Asia Pacific region, higher than countries like Australia and Japan, a report by Norton by Symantec.

  • The report, which surveyed 1,035 adults in India, found 8 among 10 surveyed saying they had encountered some form of online harassment. The most common forms of online harassment were abuse and insults (63 percent) and malicious gossip and rumours (59 percent).

ISRO to set up research centre in Guwahati

ISRO would set up the exclusive research facility in Guwahati, Assam to explore the possibility of using geospatial technology, which include data generated through global positioning system (GPS), geographical information systems (GIS) and satellite remote sensing for expediting the development of Assam.


Swaraj to lead govt delegation to PBD 2018 in Singapore

External Affairs Minister Sushma Swaraj will lead a high-powered ministerial delegation to the ASEAN-India ‘Pravasi Bharatiya Diwas’ which will be held in Singapore in 2018. The PBD 2018 is an important part of the celebration of 25 years of the ASEAN-India partnership.


Vijaya Bank Inks MoU with HPCL for Digital Payments

Vijaya Bank has entered into an MoU with Hindustan Petroleum Corporation Ltd (HPCL) for enabling all HPCL retail outlets with BHIM/UPI merchant solutions. This rollout will empower all petrol pump attendants and LPG delivery personnel to accept digital payments.

RBI releases guidelines for P2P lenders; caps loans exposure at Rs 10 lakh per borrower

As per the guidelines released by the Reserve Bank of India (RBI), Peer to peer (P2P) lenders can cumulatively lend a maximum of Rs 10 lakh and individually have an exposure to a borrower of not more than Rs 50,000.

  • The P2P lenders would be allowed to lend only unsecured loans i.e. will not be allowed to take collateral against the loans they lend.
  • P2P lending is a crowd-funding model (largely online) where people looking to invest their money with people who want to borrow can do so.

Prudential Norms

(1) NBFC-P2P shall maintain a Leverage Ratio not exceeding 2.
(2) The aggregate exposure of a lender to all borrowers at any point of time, across all P2Ps, shall be subject to a cap of Rs 10,00,000/-.
(3) The aggregate loans taken by a borrower at any point of time, across all P2Ps, shall be subject to a cap of Rs 10,00,000.
(4) The exposure of a single lender to the same borrower, across all P2Ps, shall not exceed Rs 50,000.
(5) The maturity of the loans shall not exceed 36 months.
(6) P2Ps shall obtain a certificate from the borrower or lender, as applicable, that the limits prescribed above are being adhered to.


India’s first portal dedicated to para-sports launched

In a bid to create awareness about para-sports and provide a platform to para sportspersons to narrate their stories of triumph and adversity,thenationspride.com, the country’s first portal dedicated to para-sports has been launched in Mumbai, Maharashtra.

  • thenationspride.com is a non-profit initiative, helmed by 17-year-old Mumbai student and sports enthusiast, Saachi Munot.
  • The portal brings readers inspiring stories of Indian para-sportspersons, who have consistently delivered stellar performances on domestic and global arenas alike, but whose stories have largely gone untold or unheard.

John Hastings announces retirement

Australian fast bowler John Hastings announced his retirement from first-class and one-day cricket, following a succession of grueling injuries that took toll on him.


International Campaign to Abolish Nuclear Weapons wins 2017 Nobel Peace prize award

The International Campaign to Abolish Nuclear Weapons (ICAN) has been awarded Nobel Peace Prize for the year 2017.

  • ICAN was given the award for its efforts “to draw attention to the catastrophic humanitarian consequences of any use of nuclear weapons and for its ground-breaking efforts to achieve a treaty-based prohibition of such weapons”.
  • ICAN is a global civil society coalition working to promote adherence to and full implementation of the Treaty on the Prohibition of Nuclear Weapons.

Gauri Lankesh, First Indian Journalist to win Anna Politkovskaya Award

Journalist-activist Gauri Lankesh, who was shot dead by unknown assailants recently, has been posthumously accorded with the prestigious Anna Politkovskaya Award, instituted by Reach All Women (RAW) in War.

  • It was honoured to award the annual Anna Politkovskaya Award for women human rights defenders from war and conflict zones jointly to Gauri Lankesh posthumously and to a brave Pakistani activist Gulalai Ismail, who similarly is fighting against Islamic extremism.

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