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October 01, 2015

29th September 2015 - Important Current Affairs updates

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International Affairs
  • 29th September is World Heart Day.
    • The World Heart Day is an international campaign held on 29th September by the World Heart Foundation to inform people about cardiovascular diseases, which are the biggest cause of death. 
    • This day promotes preventative measures to reduce the risk of cardiovascular diseases.
    • Themes of World Heart Day
      • Theme of World Heart Day 2015 : Creating heart-healthy environments
      • Theme of World Heart Day 2014 : Heart Choices NOT Hard Choices
      • Theme of World Heart Day 2013 : Take the road to a healthy heart
      • Theme of World Heart Day 2012 : One World, One Heart, One Home
      • Theme of World Heart Day 2011 : One World, One Heart, One Home
  • Prime Minister Narendra Modi meets US President Barack Obama in New York.
    • United States and India agreed to further deepen co-operation on counter terrorism and radicalisation.
    • India also announced that it is going to increase its contribution to UN peace keeping operations.
  • Note : Modi also held bilateral talks with President Mahmoud Abbas of Palestine, Mexican President Enrique Pena Nieto and President of France Fran├žois Hollande.

National Affairs

  • Government unveils Green Highways (Plantation, Transplantation, Beautification and Maintenance) Policy 2015 to create clean, green and pollution free India.
    • The aim of the policy is to promote greening of Highway corridors with participation of the community, farmers, private sector, NGOs, and government institutions.
    • Under this policy, the government has made it mandatory to set aside 1 per cent of the total project cost of any highways contract to a “Green Fund” corpus for plantation.
    • Union Minister of Road Transport & Highways and Shipping : Nitin Gadkari 

Business & Economy
  • The Reserve Bank of India (RBI) has announced its fourth bi-monthly monetary policy for the current fiscal.
    • The Reserve Bank cuts interest rate by 0.5% to 4-year low of 6.75%. 
    • With this move, Home and Car loans to be cheaper.
    • Highlights
      • Cuts interest rate by 0.5 per cent to boost economy
      • Repo rate adjusted to 6.75 pc, lowest in 4-years
      • Expects banks to pass on entire benefit to borrowers
      • CRR remains unchanged at 4 pc
      • GDP forecast for 2015-16 lowered to 7.4 pc
      • Tentative economic recovery underway, far from robust
      • Global environment looking weak; not good for India
      • Growth likely to pick up in later part of this fiscal
      • CPI inflation expected to reach 5.8 pc in January 2016
      • Inflation is likely to go up from Sept
      • FPI investment limit in debt securities to be fixed in rupee term
      • FPI investment limit in govt bonds to be hiked to 5 pc by 2018
      • RBI to issue final guidelines on base rate computation by November-end.
      • Fifth Bi-monthly Monetary Policy on December 1.
      • RBI says inflation is expected to reach 5.8% in January 2016
    • Current RBI Rates
      • Bank Rate - 7.75%
      • Repo Rate - 6.75%
      • Reverse Repo Rate - 5.75%
      • Cash Reserve Ratio (CRR) - 4.00%
      • Statutory Liquidity Ratio (SLR) - 21.50%
      • Marginal Standing Facility (MSF) - 7.75%
  • The Government of India signed a loan agreement with Asian Development Bank (ADB) for US $ 123.51 million for tranche 3 of the Infrastructure Development Investment Program for Tourism to continue upgrading tourism infrastructure and services in Punjab, Uttarakhand and Himachal Pradesh.
    • The loan will be used for development and conservation of places of tourist attractions.

Science & Technology
  • The US space agency NASA has announced that liquid water has been observed on the planet Mars.
    • Scientists have long speculated that there may once have been life on the Red Planet. 
    • The presence of liquid water makes it possible that life could currently exist there.

  • Asian AirGun Championship 2015
    • India's Gurpreet Singh bags silver and Jitu Rai grabs bronze in the 10 meter Air Pistol event.

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