Daily Update On Current Affairs – October 19, 2017

current affairs

Here’s your daily summary of Current Affairs.

Foundation stone laid for aircraft museum in Vishakapatnam
On 17th October 2017, the Chief Minister of Andhra Pradesh laid the foundation stone for the TU 142M aircraft museum in Beach Road, Vishakapatnam. The TU142M aircraft was decommissioned at INS Rajali after 29 years of service. It has been decided to convert the aircraft into a museum.
IIT, Mumbai top-ranked Indian University in QS Rankings

According to the Quacquarelli Systems (QS) Rankings 2018, IIT Mumbai emerged as the top ranking Indian University. IIT Mumbai ranked 34th and is the only Indian University in the Top 100 as per the QS Asia Rankings. In the QS World Rankings, the IIT Mumbai was ranked 179th. Singapore’s Nanyang Technological University (NTU) was the No.1 Ranked University in Asia as per the QS report.
 George Saunders wins 2017 Man Booker Prize

US author George Saunders has won the 2017 Man Booker Prize. He became only the second American writer to win Britain’s renowned Prize, which was awarded for his first full-length novel “Lincoln in the Bardo”. The prize was announced at a ceremony in London. Judges for the prestigious English-language literary award praised the book as utterly original that chronicles the death of Abraham Lincoln’s 11-year-old son Willie using the accounts of hundreds of narrators. The 2016 Man Booker Prize went to ‘The Sellout’ by Paul Beatty.
India, Brazil and South Africa sign IBSA agreement

On 18th October 2017, India, Brazil and South Africa signed the IBSA Trust Fund agreement that aims to fight poverty in developing nations. This was done at 8th IBSA Trilateral meeting held in Durban South Africa. The IBSA fund was created in 2004 to support viable and replicable projects that contribute to the national priorities of developing nations.
North East Small Finance Bank commences operations  

The RBI has announced that the RGVN North East Small Finance Bank has commenced operations from October 1, 2017. The bank will be based out of Guwahati. Small Finance Banks have been set up to further financial inclusion amongst the poorer sections of the society.

Yes Bank commits Rs 150 Cr for Namami Gange Project 

Private Sector lender Yes Bank has announced that it is committing Rs 150 Cr fund for the Namami Gange Project. The fund will be used for the construction of the first Sewage Treatment Plant (STP) in Varanasi under the Project. Yes Bank has entered into an agreement with Essel Enterprises for the construction of the above STP under the Private- Public Equity model.
Javed Akhtar to be given Hridaynath Mangeshkar Award

Veteran writer and lyricist Javed Akhtar will be given the Hridaynath Mangeshkar Award for his contribution to music. It is part of the 75th year of the Music career of the legendary Lata Mangeshkar.

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