1. Cabinet Minister Rao Inderjit Singh has been appointed unopposed as
the new President of the Paralympics Committee of India (PCI). Kavinder
Chaudhary has been elected PCI vice-president. Shivaji Kumar has been
appointed as joint secretary of the committee.
2. Sekhar Basu has been appointed as the chairman of Atomic Energy
Commission (AEC). By virtue of this position, he will also occupy the
office of secretary, Department of Atomic Energy (DAE). He will succeed
R.K. Sinha. Basu is presently the director of Bhabha Atomic Research
Centre (BARC), Mumbai.
3. The Joint Declaration of the Heads of the Migration Authorities of
the BRICS (Brazil, Russia, India, China and South Africa) nations was
released after the first BRICS Ministerial meeting on Migration held in
Sochi, Russia. The declaration guided by the Ufa Declaration and the
commitment to respect human rights is a major milestone so far as
orderly and legal migration amongst BRICS countries is concerned.
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12 October 2015 Current Affair Updates |Daily GK Download |
4. Kishore Biyani-led retail major Future Group entered into an
agreement with Baba Ramdev-promoted Patanjali Ayurved to sell the
latter's FMCG products through its stores. Future Group expects sales
from Patanjali, to the tune of Rs. 1,000 crore in the next 20 months.
5. China launched the much anticipated China International Payment
System (CIPS), an international payment system that seeks to provide
global dimensions to its currency Yuan. CIPS will provide capital
settlement and clearing services for cross-border Yuan transactions for
financial institutions domestically and abroad and will effectively
enhance efficiency and increase global use of the Chinese currency.
6. FIFA, the governing body of association football provisionally
suspended its president Sepp Blatter, secretary general Jerome Valcke
and vice-president Michel Platini for 90 days, due to alleged charges of
corruption. Issa Hayatou, head of Africa's football confederation, will
act as the interim FIFA president during Blatter's ban.
7. Japan announced to give Madhya Pradesh government Rs. 12,000 crore
loan for its ambitious Bhopal and Indore Metro rail projects. This
amount will be given by Japan International Cooperation Agency (JICA)
for 50 years at 0.3% interest rate.
8. Union Government released data which discloses that the National
Pension System (NPS) and the Atal Pension Yojana (APY) have together
crossed milestone figure of Rs. 1 lakh crore (or Rs. 1 trillion) with
regard to total Assets Under Management (AUM). Both together have more
than one crore subscribers with total AUM of Rs.1,00,275 crores.
9. 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 in Lima, Peru in which representatives
of the 188 member countries of both multilateral financial institutions
took part. This Annual Meeting serve to discuss international economic
and financial developments, the state of the global economy, and
policies to reduce poverty and promote inclusive economic growth.
10. The Trans-Pacific Partnership (TPP) free trade agreement of 12
Pacific Rim countries was reached at the ministerial meeting of the
Trans-Pacific Partnership (TPP) held in Atlanta, USA that will cover
almost 36% of global economic output. This is an ambitious agreement to
lower trade and investment barriers in 12 partner countries in the Asia
Pacific region. The TPP is world’s biggest trade agreement in the past
two decades.
11. The Asian Development Bank (ADB) has approved a $15 million grant to
rebuild schools, provide micro-loans to help restore livelihoods, and
to boost disaster awareness in quake-ravaged Nepal.
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