Daily Current Affairs 11th October 2017

image 2017-10-11 21:10:29
Daily Current Affairs 11th October 2017

1.    Priyanka Chopra named Power of Women honouree by 'Variety'
Actress Priyanka Chopra has been named as one of the Power of Women honourees by American magazine 'Variety'. Other personalities who have been honoured by the magazine this year are Michelle Pfeiffer, Kelly Clarkson, Patty Jenkins, and Octavia Spencer. "Grateful and humbled to be honored alongside such talented women," wrote Priyanka, who currently serves as a UNICEF Global Goodwill Ambassador.

2.    FIFA suspends Pakistan from international football
FIFA has suspended Pakistan Football Federation with immediate effect, following which the national and club teams will not be allowed to take part in international competitions till the suspension is lifted. FIFA suspended PFF since its accounts were in control of a court-appointed administrator, which is against FIFA rules. The suspension will be lifted when the body becomes independent.

3.    Government appoints 9 executive directors for public sector banks
The government’s latest appointments are as follows:
1. AK Srivastava as ED of Indian Overseas Bank
2. BS Shekhawat as ED of Central Bank of India
3. GN Dongre as ED of Punjab & Sindh Bank
4. MV Rao as ED of Canara Bank
5. Kul Bhushan Jain as ED of Andhra Bank
6. RK Yaduvanshi as ED of Dena Bank
7. Chaitanya Gayatri Chunthapalli as ED of Bank Of India
8. Krishnan S as ED of Syndicate Bank
9. LV Prabhakar as ED of Punjab National Bank

4.    Maharashtra launches web portal with information on new government schemes
Chief minister Devendra Fadnavis launched ‘MahaLabharthi‘, web portal that will help people get information about all the government schemes that they are eligible for. The government is now working to connect the web portal with other websites, to allow people to apply for the welfare schemes.
The web portal, https://www.mahalabharthi.in, works on the basis of personal, educational and professional information provided by a person while registering on it. Once the registration process is completed, it will provide the option of welfare schemes and the benefits for which he or she scan apply. However, the person has also to fulfil eligibility criteria to ensure he or she is eligible for it.
It then provides the information like where to apply and whom to meet for the schemes and benefits that they are likely eligible for. Currently, it will provide detailed information of 229 such government schemes.

5.    Govt clears appointment of Leslie Thng as Vistara CEO
The government has cleared the appointment of Leslie Thng as the chief executive officer (CEO) of Tata-SIA joint venture airline Vistara. Thng was named as the new CEO of Vistara in place of Phee Teik Yeoh, who is returning to Singapore this month to take up a senior position with the parent company, Singapore Airlines (SIA).
The board of Vistara and the airline’s two promoters had named Thng to succeed Yeoh as chief executive from October. Leslie is set to take charge of the new position next week.

6.    Delhi Government to Reward Rs 2,000 to Those Who Take Accident Victims to Hospital
The Delhi government will start rewarding Rs 2,000 from October end to any person who helps accident victims to reach hospitals.
The decision was announced by the Delhi government eight months back. These people will be rewarded with the ‘Good Samaritan Policy’. The scheme was announced after a road accident at West Delhi’s Subhash Nagar where no one came forward to help the accident victim and he died. The decision was also taken as people face a lot of difficulties to bring the accident victims to hospitals due to cost-related issues. The government will now bear all the cost.

7.    Uttarakhand fourth state to cut VAT, cess on petrol and diesel
Uttarakhand has decided to reduce value-added tax and cess on petrol and diesel. The state government will slash the VAT and cess on petroleum products by 2 per cent each. Uttarakhand has reduced VAT and cess on petrol and diesel on the back of similar rate cuts by Maharastra, Gujarat , and Himachal Pradesh, becoming the fourth state in India to do so. The rate cuts were put into effect after Centre eased excise duty on petrol and diesel in light of soaring fuel prices.

8.    IMF approves measures to clear up bad loans in public sector banks; says more needed
Welcoming the slew of measures taken by the government in the recent past to clean up bad loans, the International Monetary Fund on Wednesday said that though the steps are in the positive direction more needs to be done as the Indian banking sector as well as Indian corporate sector remain vulnerable.
The IMF is also working in detail on a Financial Sector Assessment Programme for India, which will be released later and will delve into the issue of bad loans.

9.    Tata Steel acquires Rio Tinto smelter tech to cut cost, emission
Tata Steel has acquired a new smelter technology and it's intellectual property rights from Rio Tinto, one of the leading global iron ore mining companies, for an undisclosed amount. The newly acquired technology along with Tata Steel's existing innovative Hlsarna technology has the potential to reduce use of energy and carbon emissions by at least 20 per cent and bring down steelmaking cost substantially through use of lower priced raw materials including steel scrap. Tata Steel has tested the HIsarna technology at its IJmuiden steelworks in the Netherlands.

10.    Anupam Kher is new FTII chairman
Veteran actor Anupam Kher was today appointed chairman of the Film and Television Institute of India, succeeding Gajendra Chauhan who had a controversial tenure as head of the Pune-based institute. Kher, a graduate from Delhi’s National School of Drama (NSD) who has appeared in over 500 films and many plays, was conferred the Padma Shri in 2004 and the Padma Bhushan in 2016 for his contribution in the field of cinema and arts.
His predecessor, best known for playing Yudhisthir in the TV show Mahabharata, helmed the institute for about two years.

11.    Bharti Airtel partners with Karbonn Mobiles for affordable 4G smartphone
Bharti Airtel, India’s largest telecommunications services provider, and Karbonn Mobiles, a popular Indian smartphone brand, on announced a partnership to bring an affordable 4G smartphone to the market, effectively at the price of a feature phone. This is the first of several partnerships that Airtel plans to have with mobile handset manufacturers to bring highly affordable bundled 4G smartphone options to the market and fulfill the digital aspirations of millions of Indians. Under the partnership, the Karbonn A40 Indian now comes at an effective price of just ?1,399 (compared to its current market price of approximately ?3,499). The Google Certified Karbonn A40 Indian has a full touch screen plus dual SIM slots, and offers complete access to all apps on Google Play Store, including YouTube, Facebook and WhatsApp. The 4G smartphone is bundled with a monthly pack of ?169 from Airtel, which offers generous data and calling benefits.