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October 24, 2016

GA for IBPS : October 2016 Weekly Current Affairs Round up - 2nd Week

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Hi Gr8Ambitionz readers, I am Shravan. Here I am sharing the Weekly Current Affairs of October 2nd week taken from News Papers. Happy Reading :)

Important Current Affairs of October 2016 2nd Week 

International Current Affairs of October 2nd Week

Paris Climate Agreement to enter into force on 4 November
  • The Paris Agreement to address climate change will enter into force on 4 November, 2016, the United Nations announced. The Agreement provides that it shall enter into force 30 days after 55 countries, representing 55 percent of global emissions, have deposited their instruments of ratification, acceptance or accession with the Secretary-General. As of 5th October, 2016.. 73 countries and the European Union have joined the Agreement, exceeding the 55 percent threshold for emissions.
France becomes the first country to ban plastic cups and plates
  • France has apparently become the first country in the world to ban plastic plates, cups and utensils, passing a law that will go into effect in 2020. By 2020, all singleuse cutleries will have to be made out of biologically-sourced materials that can be composted. In July, 2016 France also banned plastic bags that were thicker than 50 microns.

National Current Affairs of October 2nd Week

Mandi, Rani Ki Vav distinction achievements
  • Mandi in Himachal Pradesh has been declared as the cleanest district in the hilly areas of rural India. A total of 469 panchayats in this district took various steps for proper waste management. Maximum weightage was placed on accessibility to safe toilets and water as well as safe disposal of waste.
  • Rani Ki Vav: The world heritage site of Rani Ki Vav in Patan has set an example by becoming the cleanest heritage site of the country. This is Rani Ki Vav or the Queen's Stepwell. It was built by Qween Udayamati as a memorial to her Husband King Bhee-mdev in the 11th century AD. Located in the north Gujarat's Patan district, the stellwell was added as part of the UNESCO's World Heritage List in June 2014.

Bilateral Current Affairs of October 2nd Week

India, EU sign MoU to clean rivers
  • India and the European Union (EU) on 7th October signed a Memorandum of Understanding (MoU) for Water Partnership to clean Indian rivers with European assistance.
India and China agreements
  • India and China have signed two inter-govern-mental documents and 18 other documents for cooperation covering a host of issues the agreements are...
    • A feasibility study on Delhi-Nagpur high speed railway, construction of Delhi-Chennai high-speed railway and establishment of China-India Technology Park in Hainan Province
    • During the course of the next one year, NM Aayog will foster closer cooperation between Indian states and Chinese cities for establishment of mega coastal economic zones. These zones would be areas where laws and procedures would be relaxed to. help set up big manufacturing units.
    • China's Southwest Jiaotong University and the Ministry of Railways agreed to hold training courses in the field of high-speed rail-way.
    • Cooperation on redevelopment of stations. Bhubaneshwar in Odisha and Devanahalli near Bengalum have been identified as being the pilots for the project.
    • Action plan on 'Digital India' and 'Internet Plus' between the Ministry of Electronic and Information Technology in India and NDRC of China were signed.
    • China and India agreed to set up a power pl-ant operation and management service centre, while Chinese investors showed interest in participation in large solar park projects.
    • The two countries also agreed to set up a steering committee to further their agenda of cooperation, which would have the powers to invite any other agency or agencies from both the countries to advise.

Awards Current Affairs of October 2nd Week

Juan Manuel Santos :
  • Colombian President Juan Manuel Santos won the 2016 Nobel Peace Prize on 7th  October for his efforts to end a 52-year-old war with Marxist rebels.
  • Santos is the first Latin American to receive the peace prize since indigenous rights campaigner Rigoberta Menchu of Guatemala won in 1992, and is the second Colombian laureate after writer Marquez, who won the Literature Prize in 1982.
Oliver Hart, Bengt Holmstrom :
  • UK-born Oliver Hart and Bengt Holmstrom of Finland have won the Nobel Economics Prize for work on contract theory. Their work laid an intellectual foundation for policies in areas such as bankruptcy legislation and political constitutions.
Bob Dylan 
  • US singer Bob Dylan has been awarded the 2016 Nobel Prize for Literature, becoming the first songwriter to win the prestigious award.
Pawan Chamling
  • Sikkim Chief Minister Pawan Chamling has been honoured with prestigious 'Sustainable Development Leadership Award' by President Pranab Mukheijee.

Banking & Economy Current Affairs of October 2nd Week

Guidelines issued for small and payments banks
  • RBI has issued separate operating guidelines for payments banks and small finance banks. The minimum capital requirement of 15 per cent will be suitably calibrated. Under the guidelines, small finance banks..
    • Will be allowed exemption from the existing regulatory ceiling on inter-bank borrowings till the existing loans mature or up to three years, whichever is earlier. After-wards, it will be on par with scheduled commercial banks.
    • The exemption is only applicable to legacy borrowings migrated to the opening balance sheet on the day of commencement of operations.
    • Will be permitted to participate in the securitisation market only as originators and providers of associated cred-it enhancements and liquidity support.
    • They 'will be encouraged to lend to self-help groups.
India ranks 97 in GHI
  • According to the Food Policy Research Institutes ranking, India stands at 97th, out of 118 countries on Global Hunger Index (GHI) in 2016, behind Nepal, Sri Lanka, Bangladesh, among others, but ahead of Pakistan and three other Asian countries. It was positioned at 80 out of 104 countries the previous year. GM is based on a country's performance on indicators such as the proportion of the undernourished in the population, prevalence of wasting in children under five years, prevalence of stunting in children under five years and the under-five mortality rate.
Blockchain transaction in ICICI Bank
  • India's largest private bank, ICICI has become the first Indian lender to complete a banking transactibn using Blockchain technology. This technology simplifies the process and drastically reduces duration of the transaction to few minutes, compared with few days otherwise.

Sport Current Affairs of October 2nd Week

India made clean sweep against New Zealand
  • India won the test series between India and New Zealand with 3-0. Spinner Ravichandran Ashwin took his series tally to 27 wickets and was chosen as the Man of the Series.
Kohli record
In the final test match, Virat Kohli made double century. With this he has become first Indian test captain to score two double centuries. He made his first double century, against West Indies. 

Test Championship mace presented 
  • Indian captain Virat Kohli was on 11th October present-ed with the ICC Test Championship mace for leading his team to the top of the Test Team Rankings. The mace was presented by former India captain and ICC Cricket Hall of Famer Sunil Gavaskar. Kohli has become the only the second India captain after Dhoni and 10"' overall to receive the mace, even though it is for the third time since Kohli took over as captain that India have led the rankings table. 
Read Current Affairs Highlights of October 2016 1st Week from here
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