Current Affairs, News & Facts of 09 Oct 2015

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  • Indian Air Force (IAF) celebrated its 83rd anniversary


     Indian Air Force (IAF) celebrated its 83rd anniversary


    The Indian Air Force (IAF) celebrated its 83rd anniversary on 8 October, 2015 with a large parade and air display at the Hindon air base near Delhi. The major take away from the celebrations was the announcement of a planned inclusion of women pilots in the fighter squadrons.Chief of Air Staff, Air Chief Marshal Arup Raha, announced that women pilots will soon fly fighter jets of the Indian Air Force. 

    How was 83rd anniversary of  Indian Air Force celebrated ?

    • The re-constituted " Surya Kiran Aerobatic Team (SKAT) " was the highlight of this year's event. The squadron was disbanded four years ago due to shortage of aircraft.It used to fly ageing Kiran trainers at the time but now has shifted to British-designed Hawk Advanced Jet Trainers.
    • The air display commenced with flag bearing sky divers of the famous Akash Ganga Team dropping out of AN-32 aircraft in their colourful canopies. The parade was marked by a fly past of the ENSIGN formation comprising of three Mi-17 V5 helicopters in VIC formation. It was followed by Chakra formation comprising of three Mi-35. Other fighter aircrafts, including Jaguar and SU-30, also took part in fighter fly past.
    • Army Chief General Dalbir Singh and his Naval counterpart Admiral R.K. Dhowan were also present at the event along with batting legend Sachin Tendulkar, who became the first sportsperson to be made an honourary Group Captain in the Indian Air Force.

    Significance of  Indian Air Force Day:-

    • The Air Force Day was officially started celebrating at 8th of October in the year 1932 as an auxiliary air force of Indian Empire. The Indian Air Force, air arm of the Indian armed forces, has its prime responsibility of securing the Indian airspace as well as to carry out the aerial warfare during any clash.
  • AR Rahman announced Seychelles cultural ambassador


    AR Rahman announced Seychelles cultural ambassador


    • Oscar-winning composer A.R. Rahman has been named the Cultural Ambassador for Seychelles. A.R. Rahman has sent out his love and regard to the people and government of Seychelles for such an honour. 
    • A two-time Oscar winning composer, Rahman shared an image of the certificate, on the micro-blogging site which says "The Seychelles Ministry of Tourism and Culture proudly names A.R. Rahman Cultural Ambassador for Seychelles in appreciation for the invaluable services contributed to enhance Seychelles’s Art and Cultural development."

    Facts to know about Seychelles :-

    • Seychelles is an archipelago in the Indian Ocean. It has 115 islands. 
    • Victoria is the capital of  Seychelles
    • Seychelles, with a population of 90,024, has the smallest population of any independent African state.
    • James Michel is the current President of Seychelles.
  • 14 Indian families in Asia’s richest list; Ambanis on 3rd


    14 Indian families in Asia’s richest list; Ambanis on 3rd


    • As many as 14 Indian families have made it to the inaugural list of Forbes' 50 richest families in Asia, led by the Ambanis, who were ranked third on the list with a net worth of USD 21.5 billion.
    • Besides the Ambanis, the other Indian families in the top ten richest Asian business dynasties include the Premji family, ranked 7th with a net worth of USD 17 billion, and the Mistry family at the 10th place with a net worth of USD 14.9 billion.
    • Other Indian families in the coveted list include Godrej family at 15th place with a fortune of USD 11.4 billion, ArcelorMittal group's Mittals (19th, USD 10.1 billion), Birlas (22nd, USD 7.8 billion), Bajajs (29th, USD 5.6 billion), Dabur India's Burmans (30th, USD 5.5 billion), Cadila Healthcare's Patels (33rd, USD 4.8 billion), Eicher Group's Lals at (40th, USD 4 billion).
    • Shree Cement's Bangur family was placed at 42nd rank with a net worth of USD 3.9 billion, Jindal family (43rd, USD 3.8 billion), Munjal family (46th, USD 3.2 billion) and Cipla's Hamieds at the 50th place with a fortune of USD 2.9 billion.
    • The overall list was topped by Lees of Samsung Group, whose 2014 revenues were equivalent to 22 per cent of South Korea's GDP. It should be noted that nearly half of the richest families in Asia are of Chinese descent, yet none of the inaugural 50 is based in the mainland.

    About the Ranking :-

    • In the first-ever ranking of Asias richest families, 50 clans hailed from ten Asian countries and were required to have a minimum of 3 generations actively involved in building their respective fortunes. The barrier to entry was USD 2.9 billion and valuations are based on stock prices and exchange rates as on September 25.
    • There are some businees families that are not rich enough to make up to the list as Parle Products' Chauhans with a net worth of USD 2.7 billion, DLF's Singh family (USD 2.65 billion), Marico's Mariwalas (USD 2.55 billion), Berger Paints' Singh family (USD 2.5 billion), Bharat Forge's Kalyanis (USD 2.1 billion).
  • Cyclist Deborah Herold became first-ever Indian to win five medals at Taiwan Cup


    Cyclist Deborah Herold became first-ever Indian to win five medals at Taiwan Cup


    • Indian cyclist Deborah Herold in the first week of October 2015 bagged one gold, three silver and one bronze medal at the 2015 Taiwan Cup held at the Hsin Chu Velodrome, Hsin-Chu city in Taiwan. With this, she became the first ever Indian cyclist to win in women's elite section.
    • Deborah fetched the gold medal in Taiwan Cup Track International Classic I by defeating the Malaysian top rider. On the other hand, she ended on second place in the keirin event and 500m time trial.
    • On the other hand, she ended on second place in the keirin event and 500m time trial. In November 2014, the Indian cyclist had won four gold medals at the Track Asia Cup Cycling Championship 2014.

    Facts about Deborah Herold :-

    • 20-year-old Deborah is a tribal girl from Andaman and Nicobar Islands who survived the 2004 Tsunami that devastated the islands. She was trained at the Sports Authority of India (SAI) centre in Andaman and emerged as one of the rising stars of Indian cycling.
  • Russia retained 2015 Women’s European Volleyball Championship


    Russia retained 2015 Women’s European Volleyball Championship


    Russia bagged the Women’s European Volleyball Championship title by defeating Netherlands (3-0) in the finals held at the Sportpaleis Ahoy Arena in Rotterdam, Russia. This was the 19th title for Russia. Winners of 2015 Women's European Volleyball Championship :-

    1. Gold: Russia
    2. Silver: Netherlands
    3. Bronze: Serbia

    Individual Awards at 2015 Women's European Volleyball Championship  :-

    1. Most valuable player: Tatiana Kosheleva of Russia
    2. Best outside Spikers: Tatiana Kosheleva (Russia) and Anne Buijs (Netherlands) 
    3. Best opposite Spiker: Lonneke Sloetjes (Netherlands)
    4. Best Setter: Maja Ognjenovic (Serbia)
    5. Best Middle Blockers: Irina Zaryazhko (Russia) and Eda Erdem Dündar (Turkey)
    6. Best Libero: Anna Malova (Russia)
    7. Fair Play Award: Hans Nieukerke (Netherlands)

    The 2015 Women's European Volleyball Championship was the 29th edition of the tournament and hosted by Netherlands and Belgium from 26 September to 4 October 2015. The championship managers were the Dutch Olympic gold volleyball medalist Peter Blange and the former Belgian volleyball player Virginie De Carne

  • Dena Bank ties up with


    Dena Bank ties up with


    • Dena Bank has entered into a tie-up with online financial product aggregator for capturing retail loan business through the firm’s online platform.
    • The tie up with for retail loans such as housing, car, used car loans and savings account will further strengthen the banks online presence and significantly support its growing retail portfolio in line with the Digital India initiative.
    • MoU was signed between K.C.Chhipa, GM – Dena Bankand Mr. Adhil Shetty, CEO. at Dena Bank Head Office, BKC, Mumbai.
    • The tie up with highlights the bank strategy to augment its Retail Loan portfolio by leveraging digital channels and increasing its presence in the digital/online space.
    • Recently Dena Bank has launched a Home Happiness campaign for Home loans wherein attractive interest rates with Nil Process Fee is being offered to customers.
    • During this campaign period, bank is also offering concessional interest rates for Home loan with Car loan and Home loan with Furniture Fixture loan combo offers.

    Facts about Dena Bank :-

    • Dena Bank was founded on May 26, 1938 by the family of Devkaran Nanjee under the name Devkaran Nanjee Banking Company Ltd
    • It became a Public Ltd. Company in December 1939 and later the name was changed to Dena Bank Ltd. Dena Bank is amongst the first nationalised banks to enter equity market in November 1996.
    • It offers the entire gamut of banking services including Retail Banking, Corporate Banking, International Banking, Services, Priority SME Banking amongst others. The Bank is the first public sector bank to introduce Tele-Banking facilities for its customers at selected metropolitan centers.
    • During the quarter ended December 2014, Dena Bank posted net profit of Rs. 76.56 crore and Total Income of Rs. 2,868 crore. Total Business of the Bank as on December 31, 2014, was Rs. 1,82,263 crore.
    • As of January 2015, the number of branches is 1,670 branches through 27 zonal offices; 646 rural branches including 78 satellite branches; 338 semi-urban branches; 316 urban branches; and 370 metro branches. Bank has provided 1,432 on-site ATMs and 123 off-site ATMs.
  • The Nobel Prize 2015 in Literature went to 67-year-old Belarusian author Svetlana Alexievich


    The Nobel Prize 2015 in Literature went to 67-year-old Belarusian author Svetlana Alexievich


    • The Swedish Academy has selected Svetlana "for her polyphonic writings, a monument to suffering and courage in our time". She is the first writer from Belarus to receive the award.
    • Alexievich's work, chronicles the lives of Soviet women during World War Two as well as the consequences of the 1986 nuclear disaster in Chernobyl and the Soviet military adventure in Afghanistan.
    • Ms. Alexievich used the skills of a journalist to create literature chronicling the great tragedies of the Soviet Union and its collapse- World War II, the Soviet war in Afghanistan, the 1986 Chernobyl nuclear disaster and the suicides that ensued from the death of Communism.
    • A total of 112 individuals have won it between 1901 and 2015. The prize was suspended several times during the first and second world wars. She is the 14th woman to win the Nobel Prize for Literature in its history.

    About Ms. Alexievich :-

    • She was born in Ukraine in 1948, to a Belarusian father and a Ukrainian mother, Alexievich grew up in Belarus. She had studied journalism at the University of Minsk between 1967 and 1972.
    • After graduation, she worked as a journalist for several years before publishing her first book, War's Unwomanly Face, in 1985.
    • She lived in exile for many years because of her criticism of the Belarussian government and after returning home four years ago she has kept a low profile, staying out of politics.

    Other popular works of Svetlana Alexievich:-

    • Voices from Chernobyl (2005)
    • Zinky Boys: Soviet Voices from the Afghanistan War (1992)

    Awards:-  Alexievich has previously won the Swedish PEN prize for her "courage and dignity as a writer".

    The Nobel announcements continue with the Nobel Peace Prize on Friday and the economics award on Monday.


2nd Aug

Exam Date : 02-08-2016

Exam Time : 07:15:00

Ques/Time : 6/5 min


Exam Date : 01-08-2016

Exam Time : 06:00:00

Ques/Time : 8/5 min

Todays test

Exam Date : 22-07-2016

Exam Time : 05:10:00

Ques/Time : 3/5 min