Current Affairs, News & Facts of 16 Oct 2014

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  • IRNSS 1C successfully launched; India is just 4 satellites away from having its own GPS. - read more cat
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  • Cigarette companies will have to devote at least 85 percent area of cigarette packets on both sides to statutory warning, from April 1, 2015.  
    • 60% coverage will go to picture while the rest 25% to the text.
    • The current rule covers just 40% of the front surface in form of pictorial warning.
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  • Centre constitutes BN Talukar committee to probe the inordinate delay in oil and gas generation in ONGC's Krishna Godavari basin KG-D5 block.  
    • The panel is expected to submit its report by the end of October 2014.
    • The KG-D5 was allotted to ONGC at the same time as the neighbouring KG-D6 block was given to Reliance Industries (RIL).
    • While RIL has started oil and gas production beginning 2009; ONGC is just in the discovery-phase.
    • As per ONGC estimate, the KG-D5 block will produce up to 90000 barrels per day starting 2019.
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  • Kotak Mahindra Bank rolls out Facebook-based money transfer platform KayPay.  

     

    How it works 

    • Both the party, sender and receiver. should first register their account on Kaypay.
    • The whole transaction will be free of any surplus charges.
    • One can transfer upto 2500 rupees per transaction whereas there is a maximum limit of 25000 rupees a month for sending.
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  • Canada offers ‘wooden multi-storey housing technology’ for ‘Housing for all by 2022’ scheme.  
    • Canada is also willing to help us in building the proposed 100 smart cities.
    • Its noteworthy that three Canadian cities namely Toronto, Vancouver and Calgary figure among the top 10 smart cities of the world. 
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  • Indian policewoman 'Shakti Devi' is honoured with the 'International Female Police Peacekeeper Award 2014' by the UN.  
    • She, a police inspector in the Jammu and Kashmir Police, is recognized for her significant  efforts in helping victims of sexual and gender-based violence in Afghanistan where she is a part of UN Assistance Mission in Afghanistan (UNAMA).
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  • RBI governor Raghuram Rajan bags the Best Central Bank Governor award for 2014 by Euromoney magazine.  
    • He is appreciated for his role in steering the deficit-ridden Indian economy out to safety.Other achievement
    • He is also the recipient of the inaugural Fischer Black Prize (2003) for the best finance researcher under the age of 40 (given by American Finance Association).
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2nd Aug

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Sports

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