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.Current Affairs week 41Pdf.

4 Oct 10 October 2015

Best of Current Affairs Desk11 October

IN THIS WEEK

WHAT'S NEW NIRDESHAK.COM

NOBEL PRIZE -2015

WORLD BANK GROUP -LIMA 2015

INDIAS GROWTH FORECAST7.3%

GLOBAL ECONOMIC OUTPUT

INDIAN SKILL DEVELOPMENT SERVICE

(ISDS)

SHASHANKMANOHAR

SAGAR MALA PROJECT

Dear Readers,

Recently we have initiated Best of Nirdeshak

Current Affairs (BNCA) with weekly pdf update.

In todays competitive scenario, it has become

most crucial to read more analytical and

absorbable content, in order to get best result.

The content is developed scientifically developed

so that it becomes short, easy to remember and

only relevant part is recalled for exam

preparation. This is helpful for current affairs

preparation, developing acumen for interviews,

GD and overall remembering more get best

scores in competitive exams, for Banks, IBPS PO,

SBI, IAS, SSC and other exams.

In the week, information & technology news

remained important as PM Modi visited Silicon

Valley. It is important to know about new

development at IAF with IACCS. Further know

more about key personalities of the week,

banking news, government policies and foreign

relations with neighbours.

Happy learning,

Warm regards

Editorial Team

Nirdeshak.com

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Nobel Prize - 2015

Nobel Peace PrizeTunisia

To Know:The National Dialogue Quartet (NDQ) of Tunisia won the 2015

Nobel Peace Prize for its decisive contribution to the building of a pluralistic

democracy in Tunisia in the wake of the Jasmine Revolution of 2011.

After the Arab Spring in Tunisia in 2010-2011, the NDQ had paved the way for

a peaceful dialogue between the citizens. The Quartet was formed in the

summer of 2013 when the democratisation process was in danger of

collapsing as a result of political assassinations and widespread social unrest.

It established an alternative, peaceful political process at a time when thecountry was on the brink of civil war.

The NDQ consists of four organisations in Tunisian civil society a) the

Tunisian General Labour Union (UGTT), b) the Tunisian Confederation of

Industry, Trade and Handicrafts (UTICA), c) the Tunisian Human Rights

League (LTDH) and the Tunisian Order of Lawyers (ONAT).

Nobel Prize2015 in ChemistryFor DNA repair Studies

Three scientists Tomas Lindahl, Paul Modrich and Aziz

Sancar were jointly awarded the Chemistry Nobel Prize for

2015

To Know:The Nobel Prize 2015 in Chemistry was

awarded for mechanistic studies of DNA repair. It was

jointly awarded to Tomas Lindahl (Sweden), Paul Modrich

(US) and Aziz Sancar (US).

Tomas Lindahl, who is from the Francis Crick Institute, demonstrated that

DNA decays at a rate that ought to have made the development of life on

Earth impossible. This insight led him to discover molecular machinery, base

excision repair, which constantly counteracts the collapse of our DNA.

Paul Modrich, who is from the Howard Hughes Medical Institute and Duke

University School of Medicine, successfully demonstrated how the cell

corrects errors that occur when DNA is replicated during cell division.

Sancar, the Turkish-born scientist from the University of North Carolina,

mapped nucleotide excision repair, the mechanism that cells use to repair UV

damage to DNA.

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Nobel Peace Prize 2015 for - Medicine

Three scientists were jointly chosen for the Nobel Prize

2015 for Medicine a) William C. Campbell

(US)b) Satoshi mura (Japan)c)YouyouTu (China)

Explanation:Mr. Campbell and Mr.Omura were

chosen for their discoveries concerning a novel therapy

against infections caused by roundworm parasites. They had discovered a

new drug, Avermectin, the derivatives of which have radically lowered the

incidence of River Blindness and Lymphatic Filariasis. Campbell is a research

fellow emeritus at Drew University in Madison, New Jersey while Omura is a

professor emeritus at Kitasato University in Japan.

Ms.YouyouTu was chosen for her discoveries concerning a novel therapy formalaria. She had discovered Artemisinin, a drug that has significantly reduced

the mortality rates for patients suffering from Malaria. She is chief professor at

the China Academy of Traditional Chinese Medicine.

The winners will share the 8 million Swedish kronor (about $960,000) prize

money with one half going to Campbell and Omura, and the other to Tu.

The medicine award was the first Nobel Prize of year 2015 to be announced.

Nobel Prize for Literature Svetlana Alexievich (Belarus)

To Know:67-year old Svetlana Alexievich was awarded for

her polyphonic writings, a monument to suffering and courage

in our time as announced by the Nobel Prize Committee.

Svetlana is known for using the skills of a journalist to

create literature chronicling the great tragedies of the Soviet

Union and its collapse- World War II, the Soviet war in Afghanistan, the 1986

Chernobyl nuclear disaster and the suicides that ensued from the death of

Communism. She thus became the 14thwomen Literature Laureate.

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Nobel Prize for Physics for discovery of Neutrinos

TakaakiKajita of Japan and Arthur McDonaldof Canada

were declared the joint winners of the Nobel Prize for

Physics for 2015.

To Know:This years Physics Nobel was awarded for the

discovery of neutrino oscillations, which shows that

neutrinos have mass. The discovery has changed human understanding of the

innermost workings of matter and can prove crucial to the view of the universe.

Japans TakaakiKajitadiscovered that neutrinos from the atmosphere switch

between two identities when coming to neutrino detectors. On the other hand,

the research group Canadian scientist McDonald successfully demonstrated

that the neutrinos from the Sun were not disappearing on their way to Earth. Kajita is director of the Institute for Cosmic Ray Research and professor at the

University of Tokyo while McDonald is a professor emeritus at Queens

University in Kingston, Canada.

Both the winners will share the 8 million Swedish kronor (about $960,000)

prize money with one half going to McDonand and the other to Kajita.

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Defence

INS Astradharini

The first indigenously-designed and built torpedo launch,

recovery vessel that was commissioned into the Indian

Navy on 6 October 2015.

To Know:The commissioning of INS Astradharini was

done held at the Naval Base in Visakhapatnam on 6 October 2015.

INS Astradharini is an advanced replacement for INS which was

decommissioned on Astravahini on 17 July 2015.

It will be used for carrying out the technical trials of underwater weapons andsystems developed by Naval Science and Technological Laboratory (NSTL),

a naval systems laboratory of DRDO.

INS Astradharini is 50 meters long and is capable to do speeds up to 15

Knots. It can operate at high sea states and has a large deck area with

torpedo launchers for deploying and recovering various kind of torpedoes

during the trials.

The design of the INS Astradharini is a collaborative effort of NSTL, Shoft

Shipyard (Bharuch, Gujarat) and IIT Kharagpur.

CORPATIndonesia

Indian Navy started the 26thedition of the coordinated patrol (CORPAT) on 3

October 2015.

To Know:Indian and Indonesia under the broad ambit of this strategic

partnership, the two navies have been carrying out Coordinated Patrolling

(CORPAT) along the International Maritime Boundary Line (IMBL) twice a

year since 2002.

Main aim of CORPAT exercise is to this keep vital part of the Indian Ocean

Region safe and secure for commercial shipping and international trade.

26thCORPAT is being held near Port Belawan.

INS Saryu, the indigenously built Naval offshore Patrol Vessel (NOPV) based

at the Andaman and Nicobar Command, is participating in this patrolling

exercise.

The CORPAT has strengthened understanding and interoperability between

the navies, instituting measures to prosecute vessels engaged in unlawful

activities and conducting Search and Rescue as well as pollution control.

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International - Economy

China International Payment System (CIPS)

To Know:Launch of CIPS is being seen as a

milestone event in Chinas bolstering of Yuans

global usage and furthering cross-border clearing of

its currency from the Chinese mainland instead of

offshore centres abroad.

CIPS will provide capital settlement and clearing services for cross-border

Yuan transactions for financial institutions domestically and abroad and willeffectively enhance efficiency and increase global use of the Chinese

currency.

Till-now, cross-border Yuan clearing had to be done either through one of the

offshore Yuan clearing banks in places like Hong Kong, Singapore and

London, or else with the help of a corresponding bank on the Chinese

mainland.

Chinas Yuan became one of the worlds top five payment currencies in

November 2014, overtaking the Canadian dollar and the Australian dollar,

according to global transaction services organisation SWIFT.

Global Economic Output

The Trans-Pacific Partnership of 12 Pacific Rim countries

Landmark free trade agreement was reached on 5 October 2015 that will cover

almost 36% of global economic output.

To Know:An ambitious agreement to lower

trade and investment barriers in 12 partner

countries in the Asia Pacific region was reached

on 5 October 2015 at the ministerial meeting of

the Trans-Pacific Partnership (TPP) held in

Atlanta, USA. The round-the-clock TPP

ministerial meeting lasted for about five days but

was under negotiation for five years.

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The TPP talks involved Australia, Brunei, Canada, Chile, Japan, Malaysia,

Mexico, New Zealand, Peru, Singapore, the US and Vietnam.

The TPP, believed to be the worlds biggest trade agreement in the past two

decades, will lower trade and investment barriers in the 12 partner countries

in the Asia Pacific region and set new rules for the global trading system. It is widely believed that the deal was necessitated to control the growing

influence of China in the world market

The agreement has now to be approved by the Parliament of the respective

countries.

If approved, the agreement has the potential to influence trade in everything

from dairy produce to cancer treatments.

International

25th German Reunification

To Know:West and East Germany were formally united on 3 October 1990,

eleven months after East Germanys communist leadership had opened the

Berlin Wall under pressure from massive demonstrations. 25th

anniversary ofthis historic event was marked by Germany on 3 October with Chancellor

Angela Merkel and President Joachim Gauck taking part in a ceremony held

in Berlin. Since reunification, some 1.5 trillion to 2 trillion ($1.7 trillion to

$2.2 trillion dollars) have been funnelled into the east to help bring the region

up to speed after its outmoded industry collapsed. A steady post-1990 drain of

people from east to west appears finally to have been stemmed, with more

people moving east than the other way for the first time in 2013.

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Place

Lima (Peru)

The Annual Meetings of the Boards of Governors of the World

Bank Group (WBG) and the International Monetary Fund (IMF)

or the 2015 WBG/IMF Annual Meetings started on 6 October

2015

To Know: The 2015 WBG/IMF Annual Meetings are the

Annual Meetings of the Boards of Governors of both World

Bank and IMF, the worlds most important multilateral

agencies.

The heads of World Bank and IMF and the Finance Ministers and Central

Bank Governors of all 188 member countries are taking part in this week-long

meeting. Over 16 thousand participants are also expected to take part in the

multilateral event.

The 2015 WBG/IMF Annual Meetings serve to discuss international economic

and financial developments, the state of the global economy, and policies to

reduce poverty and promote inclusive economic growth.

It is after 48 years that these important series of annual meetings are being held in

Latin America. The last time the WBG/IMF Annual Meetings were held in the

region was in 1967, in Rio de Janeiro, Brazil.

KattupalliTamil Nadu

To Know:Kattupalli Port is a captive port near Chennais

Ennore port. It also has a huge shipyard which is being

developed by L&T Shipbuilding Ltd. On 3 October 2015Adani Ports and L&T signed a Memorandum of

Understanding (MoU) under which Adani will evaluate the

operations of the port with effect from October 2015 for one month. Adani

shall be responsible for EBIDTA gains and losses arising from the port

operation for this period. However, the shipyard will continue to be managed

and operated by L&T Shipbuilding. The development comes amid reports that

GautamAdani-led Adani group is likely to take over the operational and

management control of L&T Kattupalli International Container Terminal near

Chennai to strengthen its presence on the east coast.

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Changla (Ladakh), Jammu & Kashmir

The worlds highest terrestrial Research and Development centre was

established by the Defence Research and Development Organisation

(DRDO).

To Know:DRDOs Extreme Altitude Research Centre at Changla in Jammu

& Kashmirs Ladakh region was inaugurated on 3 October 2015. It is situated

75 km off Leh town towards Pangonglake.

This research centre situated at a height of 17,600 feet above sea level thus

became the worlds highest terrestrial Research and Development centre.

It has been established by Defence Institute of High Altitude Research

(DIHAR), Leh, a constituent establishment of the DRDO.

It will be used for R&D work in frontal areas of food and agriculture and bio-medical sciences for well-being of the soldiers deployed in high-altitude cold

desert.

New Projects

AIIMS

Manglagiri(Andhra Pradesh), Nagpur(Maharashtra) andKalyani(West

Bengal)

To Know: Three new All India Institutes for Medical Science (AIIMS) to be set

up to address regional imbalances in availability of affordable and reliable

tertiary health care services in these regions.

Total outlay for establishing these three AIIMS will be Rs. 4949 crore. Ofthis, Rs 1,618 crore will be spent on AIIMS at Manglagiri, Rs 1,577 crore

for AIIMS at Nagpur and Rs 1754 crore for AIIMS at Kalyani.

It is worth mentioning that six new AIIMS under the PMSSY have been

made functional. On the other hand the construction of AIIMS, Rae

Bareily, is under progress.

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Neeranchal

World Bank-assisted National Watershed Management Project to reduce

surface runoff of rainwater, increase groundwater levels and better water

availability in rain-fed areas.

To Know:Project Neeranchal of the National Watershed Management

Project aims to fulfil the watershed component of the

PradhanMantriKrishiSinchaiYojana (PMSKY) to reduce surface runoff of

rainwater, increase groundwater levels and better water availability in rain-fed

areas.

It will be implemented across nine States Andhra Pradesh, Telangana,

Madhya Pradesh, Maharashtra, Gujarat, Odisha, Chhattisgarh, Jharkhand

and Rajasthan. These States have been picked since irrigation coverage isquite poor here and this project will help increase water levels to benefit

farmers. Of these, Jharkhand has the lowest irrigation coverage at just 5.6%.

The cost of the project is estimated at Rs.2,142.30 crore of which the Centre

will be pitching in with Rs. 889 crore while Rs. 182 crore will be provided by

the respective State Governments. The remaining 50% of the project cost will

be financed by a World Bank loan.

NPS & APY assets crossed Rs. 1 Lakh crore

To Know:National Pension System (NPS) and Atal Pension Yojana (APY)

together have more than one Crore subscribers with total Assets Under

Management (AUM) of Rs.1,00,275 crores. NPS & APY together crossed

milestone figure of Rs. 1 lakh crore (or Rs. 1 trillion)

NPS available for every Indian Citizen from 01st May 2009 on avoluntary basis.

APY was launched on 1 June 2015 to provide required impetus to the

social security schemes. APY scheme provides minimum government

guaranteed monthly pension to subscribers ranging from Rs. 1000 to Rs

5000. Government co-contributes 50% of the total contribution made by a

subscriber during a financial year subject to maximum of Rs 1,000/- per

annum for a period of five years.

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Political

MakkalNalaKootiyakkam (MNK)

New political front founded in Tamil Nadu, by Vaiko-led MDMK, the CPI, CPI

(M) and VCK as an alternative to the DMK and the AIADMK.

To Know:MakkalNalaKootiyakkam stands for Peoples Welfare Front. It

was floated as an alternative front by MDMK, the CPI, CPI (M) and VCK in

Tamil Nadu, which is set for elections early next year.

BankingUCO Bank

Worst performing Bank among the public sector banks

(PSU banks) for registering the highest increase in

gross non-performing assets (NPAs) in percentage

terms against total loans for last fiscal year.

To Know:According the provisional data of the RBI,

the gross NPA to gross advances ratio of Kolkata-

based UCO Bank increased to 8.05% at the end of March 2015 from 4.47%, thus

registering a huge increase of 3.58 on annual basis. It was followed by Indian

Overseas Bank (IOB) and Bank of Maharashtra (BoM) with gross NPA rising to

8.30% and 6.18%, respectively, at the end of March 2015. In case of Indian

Overseas Bank, variation compared to the previous financial year was 3.46 whereas

it was 3.02 for Bank of Maharashtra. Rising NPAs have hit the bottom line of banks

and to strengthen their balance sheet, the government is providing Rs. 25,000 crore

capital support in the current fiscal year.

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National

Indias Latest Growth forecast7.3%

The latest growth forecast for India for year 2015-16 as stated

by the International Monetary fund (IMF) in its latest World

Economic Outlook (WEO) that was released on 6 October

2015 at Lima (Peru).

To Know:IMF has thus lowered Indias growth forecast from

its July 2015 forecast of 7.5%.

However, the IMF expects growth to bounce back to 7.5% in 2016-17 on the

back of reforms. Recently, Asian Development Bank (ADB) had slashed Indias economic

growth for 2015-16 to 7.4% from its earlier projection of 7.8%.

IMF expects Indias current account deficit to be 1.4% of GDP in 2015-16,

rising to 1.6% in 2016-17.

IMF also scaled down global growth projections. It now projects world GDP to

grow at 3.1% in 2015 lower than its earlier forecast of 3.3%. In 2014, world

GDP grew at 3.4%. Global growth is expected to rebound to 3.6% next year.

KISANC(K)rop Insurance using Space Technology &GeoiNformatics

An ambitious project with the objective to speed up payment of crop

insurance.

To know: KISAN Project

KISAN stands for C(K)rop Insurance using Space technology And

geoiNformatics. It was launched by the Union Govt. on 5 October 2015.

KISAN project uses satellite and drone-based imaging and other geospatial

technology to get accurate data on crop yields.

Crop Insurance is usually calculated on the basis of crop cutting experiments,

often leading to delays in settlements. KISAN project will try to address these

concerns.

A pilot study under KISAN project has been initiated in rice and cotton fields of

the ongoingkharif season in four districts Kurukshetra (Haryana), Shimoga

(Karnataka), Yavatmal (Maharastra) and Seoni (Madhya Pradesh). The

survey will be carried out into the 2015-16 rabi season in eight districts in

same states to assess the yields of rice, wheat and shorghum.

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Health - Mission Indradhanush

Immunization project to achieve full immunization

To Know:In the second phase of Mission Indradhanush, 352 districts have

been selected including 279 mid-priority districts, 33 from North-East statesand 40 districts from the phase one, where large numbers of missed-out

children were detected. The Health Ministry seeks to reach an estimated 45

lakh children who have never received vaccines or remain partially-

immunised in the second phase.

The First phase of Mission Indradhanush was launched on 25 December

2014 with the aim to immunize all children against seven vaccine preventable

diseases namely diphtheria, whooping cough (Pertussis), tetanus, polio,

tuberculosis, measles and hepatitis B by 2020. The second phase starts from7 October 2015 for a week.

Sagar Mala Project

ObjectiveTo modernize Indias ports

so that ports can contribute

significantly to Indias growth

To Know:The Sagar Mala Project was

approved by the Union Govt. on 25 March

2015. The main objective of this project is

to develop 12 major ports and also over

1,200 islands spread across the country.

The project also aims at developing an efficient evacuation system by

integrating road, rail, inland and coastal waterways so that ports become the

driver of economic activity in countrys coastal areas.

The meeting of the National Sagarmala Apex Committee (NSAC) was held tohave deliberations on constitution and scope of NSAC, Concept of Sagarmala

and decisions of Government of India relating to Sagar Mala Project.

Important members of NSAC are Vice Chairman NITI Aayog, Chief

Ministers of Andhra Pradesh, Goa, Gujarat, Karnataka, Kerala, Maharashtra,

Odisha, Puducherry, Tamil Nadu and West Bengal, Union Cabinet Ministers

of Finance; Water Resources, River Development and Ganga Rejuvenation;

Urban Development; Railways; Agriculture; Rural Development; Civil Aviation;

Skill Development & Entrepreneurship; Environment, Forests & Climate

Change; Commerce and Industry and Tourism.

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Personality

ShashankManohar

ShashankManohar was elected unopposed as

the President of the Board of Control for Cricket in India

(BCCI). This will be his second term as BCCI President

and he is from which cricket association? Vidarbha

Cricket Association (Nagpur)

To Know: The election was necessitated by the sudden

demise of JagmohanDalmiya, who had a short term of seven months after his

election in March this year. Dalmiya was made the interim President when N.

Srinivasan stepped aside in the wake of revelations that his son-in-law was

involved in betting during the 2013 IPL season. Manohars earlier stint was for

three years between 2008-09 and 2010-11. His appointment also means that

Srinivasan now has little chance of coming back into the BCCI fold till 2017

when ShashankManohars tenure will end.

Hoesung Lee (South Korea)

Intergovernmental Panel on Climate Change (IPCC), the UN bodytasked Hoesung Lee for the assessment of Climate Science.

To Know:Hoesung Lee is an expert on climate economics and

sustainable development. He was elected to chair the panel at its

ongoing meeting in Dubrovnik, Croatia on 6 October.

Lee is the fourth person to lead the IPCC in its 27-year history.

He succeeded Indias RajendraPachauri, who resigned amidst a sexual

harassment scandal in February 2015.

IPCC was set up as a consensus forum to deliberate on climate science and

policy. It has been massively influential in the climate change debate.

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Corporate & Industry

Top three most valuable companies:

Tata Consultancy Services Ltd (TCS), Reliance Industries Ltd.

(RIL) and Infosys.

To Know:Data from BSE showed that Infosys had a market

capitalization of Rs. 269,489 crore, after its shares closed 1.1%

higher on 1 October 2105. Earlier in the day, Infosys shares had

climbed 3.15% to an all-time high of Rs.1,197 apiece. Shares of HDFC Bank,

the second-largest private lender in terms of assets, closed almost unchanged

at Rs. 1,068.45. Its market capitalization stood at Rs. 2,69,056 crore. This

clearly meant that Infosys has seen a marked turnaround in its performance

since Vishal Sikka took over as CEO.

Skill Development

Indian Skill Development Service (ISDS)A new Group A service for the technical cadre.

To Know:Indian Skill Development Service (ISDS) will be a new Group A

service

It will be the technical cadre of the Ministry of Skill Development &

Entrepreneurship (MSD&E)

This cadre was earlier known as the Directorate General of Employment &

Training, Ministry of Labour Employment

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