Daily Current Affairs 23rd October, 2016

Daily Current Affairs 23rd October, 2016

PM Narendra Modi announces India’s first Railway University in Vadodara

  • He attended a programme to distribute artificial limbs and other implements to more than 8000 ‘Divyangs’ (disabled persons) in the city.
  • The event was jointly organised by the Ministry of Social Justice and Empowerment, Kanpur-based Artificial Limb Manufacturing Corporation of India (ALIMCO), and Vadodara district administration, stated a government release.

FIFA unveils mascot for 2018 World Cup

  • Zabivaka the wolf followed in the footsteps of Naranjito the orange, Footix the football-playing rooster and Fuleco the armadillo by being named as the official mascot of the 2018 World Cup.
  • The  quadrennial international football tournament would be hosted by Russia in the year 2018.
  • The name according to FIFA means “the one who scores”, received 53 per cent of the more than one million votes cast in a poll, beating a tiger (27 percent) and a cat (20 percent).

Mahesh Sharma chairs first meeting of reconstituted CABC

  • Culture and Tourism Minister Mahesh Sharma has chaired the first meeting of the Reconstituted Central Advisory Board on Culture (CABC).
  • The members of the CABC were requested to highlight priority areas in the fields of art, music, dance and literature.

2,000 notes will be in circulation soon

  • Banknotes of the denomination of Rs.2,000 will be in circulation.The Reserve Bank of India has very nearly completed preparations for introducing this new high-value currency.
  • The notes have already been printed and their despatch from the currency printing press in Mysuru has commenced.
  • Currency notes and coins are printed/minted at about eight units owned by the Security Printing and Minting Corporation of India Limited (SPMCIL), a finance ministry company.
  • SMPCIL’s two currency printing units — at Dewas in Madhya Pradesh and Nashik in Maharashtra — print about 40 percent of India’s currency notes.
  • Coins are minted at Mumbai, Hyderabad, Kolkata and Noida units of SMPCIL.
  • Currency notes and coins are printed/minted by the government of India on the advice of the RBI, which also estimates the denomination-wise currency needs, and co-ordinates with the government on design and security aspects.

Some interesting information on currency notes in India

  • The highest denomination note ever printed by the Reserve Bank of India was the Rs 10,000 note in 1938 and again in 1954. These notes were demonetised in 1946, and again in 1978.
  • Currency paper is composed of cotton and cotton rag.
  • The Government of India decides on the quantity of coins to be minted on the basis of indents received from the RBI.

TRAI suggests Rs 3,000-crore fine on incumbents

  • In a setback to incumbent mobile operators, the Telecom Regulatory Authority of India (Trai) has proposed a penalty of about Rs 3,050 crore on three telcos — Bharti Airtel, Vodafone and Idea
    Cellular for failing to provide sufficient interconnect points to Reliance Jio which has led to massive call failures.
  • About TRAI (Telecom Regulatory Authority of India)
  • Formed -20 February 1997; 19 years ago
  • Headquarters – New Delhi
  • Regulatory agency executives
  • S. Sharma -Chairman
  • Sudhir Gupta – Secretary
  • Mission – to create and nurture conditions for growth of telecommunications in India to enable the country to have a leading role in the emerging global information society.
  • Main objectives -to provide a fair and transparent environment that promotes a level playing field and facilitates fair competition in the market. TRAI regularly issues orders and directions on various subjects such as tariffs, interconnections, quality of service, Direct To Home (DTH) services and mobile number portability.

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