Current Affairs Today 15 October 2017

Current Affairs Today 15 October 2017

Current Affairs Today 15 October 2017

Current Affairs Today 15 October 2017

National :

1. Towards world class Universities (Target 500)

Current Affairs Today 15 October 2017Objective: To ensure Indian Universities among top 500 global educational institutions.
Prime Minister Narendra Modi on Saturday said the government intends to unshackle these institutions and provide Rs 10,000 crore to 20 varsities for 5 years to ensure that they are counted among the best in the world.
Addressing a function on the centenary celebrations of Patna University, he said his government took “a step forward” towards making 10 private universities and 10 government ones worldclass. .
The Prime Minister stressed on the need for universities to give more emphasis on “learning and innovation” and give up old teaching methods which focused on “cramming students’
minds with information”.
Who will select these Universities:
Professional third party agency.

2. All India Institute of Ayurveda to be inaugurated

The All-India Institute of Ayurveda (AIIA), modelled on the lines of AIIMS, will be inaugurated by Prime Minister Narendra Modi in the national capital on ‘Ayurveda Day’ on October 17.
Fact sheet:
Ayurveda day – October 17

3. Proxy-vote to NRI’s soon

Soon non-resident Indians (NRIs) would be able to proxy-vote in elections in the country as the government was set to amend the Representation of the People Act.
External affairs minister Sushma Swaraj said that under the present law, NRIs registered in India as voters had to fly to the country during an election to cast their vote, but with the amendment, they could just issue an authorisation letter to family members or relatives to vote on their behalf.

Science and Technology:

1. Hypersonic vehicle realistic by 2050

India will make Air-breathing Hypersonic Cruise vehicles by overcoming all challenges within a decade from now to use them on military warfare, opined scientists.
They also said that the scientists would make affordable hypersonic planes by 2050 with which humans could fly from New york to New Delhi within two hours.
lot of complexities in realising the dream of making these vehicles, since they had a great challenge of finding the materials that withstand at nearly 1,800 degree celsius temperature.
“The challenge lies in not only finding a material that withstands the high temperatures, but
also it must be affordable for making the hypersonic vehicle in military warfare and public transportation,” he opined.

2. INS Kiltan commissioning into Indian navy

The third of four indigenously built Anti-Submarine Warfare (ASW) stealth corvettes ‘INS Kiltan’ under Project 28 (Kamorta class) is scheduled to be commissioned into the Indian Navy by Defence Minister Nirmala Sitharaman at Naval Dockyard, Visakhapatnam.
Indigenously designed by the Indian Navy’s in-house organisation, Directorate of Naval Design and built by Garden Reach Shipbuilders & Engineers (GRSE), Kolkata, Kiltan portrays the growing capability of the Indian Navy, GRSE and nation in becoming self-reliant through indigenisation, thus, accentuating our national objective of ‘Make in India’.
Kiltan is the latest indigenous warship after Shivalik class, Kolkata class and sister Ships INS Kamorta and INS Kadmatt to join the Indian Navy’s arsenal.
How it got this name?
The ship derives its name from one of the islands in Aminidivi group of the strategically located Lakshadweep and Minicoy group of Islands.
Use of this Anti-submarine warfare?
Upon commissioning, the ship would become an integral part of the Eastern Fleet and would enhance Indian Navy’s reach, striking capability and sustainability in the Indian Ocean Region.

3. Switching to methanol as ship fuel

Union minister Nitin Gadkari has said India must use pollution-free methanol as fuel, like Sweden, which is switching over to it from diesel.
Why methanol : He said that in a bid to reduce pollution at sea, the Centre has initiated talks with engine manufacturers to make bio-fuel compliant engines for ships.
The Union Minister for Road Transport, Highways and Shipping also announced that the government is developing a river traffic control system on the lines of air traffic control.
“We must use pollution free methanol as fuel that is available at Rs 22 a litre. In Sweden, they are changing from diesel to methanol,” he said yesterday at the second day of ‘Sagar Discourse’, in south Goa
“We want to discourage road traffic and promote public (transport) and water transport,” he said referring to various initiatives that have been launched in the Ganga and Brahmaputra rivers.

Awards:

1. Indira gandhi national Integration award to T.M Krishna

Carnatic vocalist T M Krishna has won the Indira Gandhi Award for National Integration for 2015-16.
The singer, who won the Ramon Magsaysay award for bringing “social inclusiveness in culture” in 2016, will be presented with the honour by Congress president Sonia Gandhi on October 31, Indira Gandhi’s death anniversary.
Krishna is also an activist who has worked on creating unbiased spaces for music and breaking down caste barriers.

Appointments:

1. UNESCO’s new Director-General Audrey Azoulay

Current Affairs Today 15 October 2017UNESCO’s executive board has chosen former French Culture Minister Audrey Azoulay to be the UN cultural agency’s next leader.
The US announcement this week that it’s quitting UNESCO rocked the multi-day election and heightened concerns about the agency’s funding and future direction. 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.

Economy:

1. It’s high time for implementation of structural reforms in India: IMF

The IMF has suggested a three- pronged approach for structural reforms in India that includes (i) Reducing the number of labour laws (ii) Improving infrastructure (iii) Closing the gender gap among others.
There should be three policy priorities in the area of structural reforms,” according to IMF they are
“First priority is to address the corporate and banking sector weaknesses by accelerating the resolution of non- performing loans, rebuilding the capital buffers for the public sector banks and enhancing banks’ debt recovery mechanisms,”
Secondly, India should continue with the fiscal consolidation through revenue measures, as well as further reductions in subsidies.
Thirdly it’s to maintain the strong momentum for structural reforms in addressing the infrastructure gaps, improving the efficiency of labour and product markets as well as furthering agricultural reforms

2. Indusland bank to acquire Bharat Financial Inclusion Ltd

Private lender IndusInd Bank on Saturday said it will acquire Bharat Financial Inclusion Ltd (BFIL), the country’s second-largest microfinance company, a move that will help increase the bank’s size and reach.
This will be first ever merger of a microfinance firm into a bank in the country and a test case for other such merger in future.

3. Odisha, SBI ink MoU for online payment of dues

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, an official said.
The SBI e-Pay is the payment aggregator service wing of the bank which will facilitate online payment of government dues by the customers of any public/ private sector banks by using payment gateway of SBI