Daily Current Affairs 4th October, 2016

Daily Current Affairs 4th October, 2016

  1. Country’s 4th Bi-monthly Policy Statement for the  year 2016-17 :
  • By Reserve Bank of India (RBI)
  • RBI’s 24th Governor Urjit Patel announced his 1st statement
  • POLICY :
  • The RBI has reduced the policy Repo Rate under the liquidity adjustment facility (LAF) by 25 basis points
  • from 5{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769} to 6.25{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769} with immediate effect
  • About RBI –
  • India’s central banking institution
  • which controls the monetary policy of the Indian rupee
  • Founded on April 1, 1935
  • RBI was nationalised on 1 January 1949
  • Headquarters – Mumbai, Maharashtra
  1. Nobel Prize in Physics for 2016 awarded to Three Researchers :
  • David J Thouless, receives half the prize
  • Duncan M. Haldane and Michael Kosterlitz, share the other half
  • The three physicists discovered a mathematical framework in the field of topography, to explain unexpected properties of solid materials.
  1. 4-10 October observed as World Space Week :
  • Theme of World Space week 2016 – “ Remote Sensing: Enabling our Future”
  • WORLD SPACE WEEK –
  • It is an annual event that is observed from 4-10 October every year
  • in various parts of the world
  • including Europe and Asia
  1. State Bank of India (SBI) opened branch in Yangon , Myanmar :
  • becoming the first domestic lender to make entry in Myanmar
  • The Yangon branch is the 54th foreign branch of the nation’s largest lender SBI
  • About SBI –
  • Indian multinational, public sector banking and financial services company
  • government-owned corporation
  • Headquarters – Mumbai, Maharashtra
  • ChairpersonArundhati Bhattacharya
  • Slogan- The Banker to Every Indian
  • About Myanmar –
  • Also known as Burma
  • sovereign statein South East Asia
  • Capital Naypyidaw
  • Largest City – Yangon
  • Currency – Kyat
  1. Appointment of elephant researcher Prajna Chowta as Knight in the National Order of Merit in France :
  • Film-maker and elephant researcher
  • Chevalier de l’Ordre National du Mérite (Knight in the National Order of Merit)
  • one of the highest civilian recognitions of the French government
  • appointed by President of the French Republic
  • comes in recognition of a life devoted to caring for wild Asian elephants
  1. Tie up of Reliance group with Dassault Aviation of France :
  • to execute offsets for the recently concluded deal for 36 Rafale fighter jets
  • This is the largest offset contract to be executed by any defence company in India till date
  • OFFSET CONTRACT –
  • An offset agreement is an agreement between two parties
  • Generally the seller is a foreign company and the buyer is a government
  • that stipulates that the seller must then agree to buy products from companies within their country
  • Often, the aim of this process is to even-up a country’sbalance of trade
  • This is frequently an integral part of international defence contracts
  1. Playback singer K J Yesudas – brand ambassador of its ambitious ‘Haritha Keralam’ project:
  1. Jharkhand becomes first state to launch Direct Benefit Transfer in Kerosene :
  • scheme is being implemented in four identified districts of the State
  • from 1st October 2016
  • About Direct Benefit Transfer (DBT) –
  • aims to transfer subsidies directly to the people through their bank accounts
  • It is hoped that crediting subsidies into bank accounts will reduce leakages, delays, etc
  • About Jharkhand –
  • state in eastern India
  • carved out of the southern part of Bihar on 15 November 2000
  • Capital – Ranchi
  • Official Language – Hindi & Urdu
  1. Resignation of Chief Executive Officer of Prasar Bharati Corporation :

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