Current Affairs: 16th October 2018

Current Affairs: 16th October 2018

Current Affairs: 16th October 2018

Dear Aspirants,

The Current Affairs section is very important in Banking, Insurance, SSC and other competitive examinations. Here, we are trying to cover all important daily news updates that have high probability of asking in examination. Apart from the news updates, it will cover the Static GK and Banking Awareness part related to the particular news. The questions on Static GK and Banking Awareness are related to the countries, events or anything that has been in news for a while. Here is the Current Affair and other important things which made headline today!!!

  1. India International Silk Fair-2018 Begins In New Delhi 

    1. Union Minister of Textiles, Smriti Zubin Irani, inaugurated the 6th edition of India International Silk Fair (IISF) in New Delhi. Minister of State for Textiles, Ajay Tamta was also present on the occasion.
    2. Over 108 exhibitors of silk and blended silk products manufactured in different parts of the country will display their products during the three-day event, organized by the Indian Silk Export Promotion Council (ISEPC). India is the 2nd largest producer of silk in the world. 
  2. Government Announces Rs 100 Crore Award For States Completing Household Electrification Early

    1. The government has announced 100 crore rupee award for states that would complete the household electrification early under the Saubhagaya scheme.
    2. The states which have already achieved almost 99 percent of household electrification work would be kept out of the award scheme. These states are Gujarat, Punjab, Goa, Andhra Pradesh, Haryana, Kerala, Tamil Nadu, and Himachal Pradesh.
  3.  IRCTC Gets New AI-based Assistant ‘Disha’ To Help Resolve Problems 

    1. IRCTC has launched a new AI-based assistant, ‘Ask Disha’ for its website. This new assistant will be prompt in answering generic queries about most frequently asked questions on the ticket booking platform.
    2. The AI chatbot called Disha is powered by CoRover, a Bengaluru-based startup that owns the platform which is built on artificial intelligence and machine learning.
  4. Uttar Pradesh Cabinet Approves Renaming of Allahabad to Prayagraj 

    1. Uttar Pradesh Cabinet led by CM Yogi Adityanath has approved the proposal to rename Allahabad, which will be called Prayagraj with immediate effect.
    2. Uttar Pradesh Health Minister Sidharth Nath Singh informed the media regarding the decision.
  5. GPF Interest Rate Hiked To 8% For October-December Quarter

    1. The government has increased the rate of interest for General Provident Fund (GPF) and other related schemes by 0.4% points to 8% for the October-December quarter.
  6. Nimesh Shah Elected As AMFI Chairman 

    1. Nimesh Shah, Managing Director and Chief Executive Officer of ICICI Prudential Mutual Fund, has been elected as Chairman of trade body, Association of Mutual Funds in India (AMFI).
    2. Shah has replaced A Balasubramanian, CEO of Aditya Birla Sun Life Mutual Fund.
  7. Priyank Kanoongo Appointed Chairperson of NCPCR

    1. Priyank Kanoongo appointed to the post of Chairperson, National Commission for Protection of Child Rights (NCPCR) in the rank and pay of Secretary to the Government of India for a period of 03 years.
    2. Kanoongo has been member of the commission from November 2015.
  8. Prema Gopalan Honoured As India Social Entrepreneur Of The Year 2018 

    1. Prema Gopalan, founder of Swayam Shikshan Prayog (SSP), was awarded the 8th Social Entrepreneur of the Year award, 2018, for her work in promoting women’s entrepreneurship at the grassroots and ensuring rural livelihood.
  9.  World Food Day: 16 October 

    1. World Food Day is celebrated every year around the world on 16 October in honor of the date of the founding of the Food and Agriculture Organization (FAO) of the United Nations in 1945.
    2. The theme for WFD 2018 is “Our Actions Are Our Future”. 
  10. Environmentalist G D Agarwal Passes Away 

    1. Environmentalist G.D. Agarwal, who was on a fast for the last 111 days demanding a clean Ganga, died after a heart attack in Rishikesh, Uttarakhand.
  11. Microsoft Co-Founder Paul Allen Passes Away 

    1. Paul Allen, who co-founded Microsoft in 1975 passed away aged 65 after battling cancer. Allen was the childhood friend of Microsoft Co-Founder Bill Gates.
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