Daily Update On Current Affairs – October 23, 2017

current affairs

Here’s your daily summary of Current Affairs.

The first phase of Ferry Service in Gujarat inaugurated

Prime Minister Narendra Modi has inaugurated the first phase of ambitious Ghogha-Dahej, Roll-on, Roll-off ferry service at Ghogha in Bhavnagar district, Gujarat. With the opening of this 615-cores rupees ferry service, the distance between Saurashtra and South Gujarat regions could be covered in less than an hour via-sea route. This passenger movement service reduced the distance between the Ghogha and Dahej from 310 kilometres by road to just 30 kilometres, which can be covered in one hour.
Shinzo Abe returns to power with big margin   
Japanese Prime Minister Shinzo Abe swept to a resounding victory in a snap election Sunday and immediately vowed to “deal firmly” with threats from North Korea that dominated the campaign. Mr. Abe’s conservative coalition was on track to win 311 seats in the 465-seat parliament, according to a projection from private broadcaster TBS, putting the nationalist premier on course to become Japan’s longest-serving leader. The resounding election win is likely to stiffen Mr. Abe’s resolve to tackle North Korea’s nuclear threat, as the key US regional ally seeks to exert maximum pressure on Pyongyang after it fired two missiles over Japan in the space of a month.
Honda Motorcycle becomes No.2 in two-wheeler sales in India  

Honda Motorcycle and Scooter India (HMSI) has raced past Bajaj Auto to become the second biggest bike seller in India during the first half of the ongoing fiscal. Market leader Hero Moto Corp continued its hold on the segment selling 33,44,292 units in the first half of the fiscal as against 30,34,504 units in the year-ago period, a growth of 10.2 percent. During the April-September period this fiscal, HMSI sold a total of 10,48,143 motorcycles in the domestic market registering a growth of 19.8 percent. On the other hand, Bajaj Auto sold 10,10,559 units witnessing a decline of 10.45 percent, according to the latest data from Society of Indian Automobile Manufacturers (SIAM). In the comparable period last fiscal, HMSI sold 8,74,852 units as against Bajaj Auto’s 11,28,425 units.
Mandatory for Banks to match originals with photocopies  
The Government has made it mandatory for banks and financial institutions to check the original identification documents of individuals dealing in cash above the prescribed threshold, to weed out the use of forged or fake copies. The Department of Revenue in the Finance Ministry has issued a gazette notification making an amendment to the Prevention of Money-laundering (Maintenance of Records) Rules. Money Laundering Act (PMLA) forms the core of the legal framework put in place by India to combat money laundering and generation of black money. The PMLA and its rules impose the obligation on reporting entities like banks, financial institutions and intermediaries to verify the identity of clients, maintain records and furnish information to Financial Intelligence Unit of India (FIU-IND). Biometric identification number Aadhaar and other official documents are required to be obtained by the reporting entities from anyone opening a bank account as well as for any financial transaction of Rs 50,000 and above.
India wins third Asia Cup title in Hockey    
On 22nd October 2017, India became the Asia Cup Hockey champion after defeating Malaysia 2-1 in Dhaka. India started strongly and scored the first goal through Ramandeep Singh in the first quarter and the second goal was scored by Lalit in the second quarter. The victory came to India under massive pressure from Malaysia. India had reached the final after defeating Pakistan 4-nil in the semi-finals in Dhaka.
Virat Kohli beats Ricky Ponting’s record in ODI cricket     
Virat Kohli has surpassed the legendary Ricky Pointing to become the second highest century-maker in ODIs, enroute his 31st hundred during the opening match against New Zealand in Mumbai yesterday. Kohli, who scored 121, got to a double milestone by scoring a hundred on his 200th ODI, a feat only achieved by Ab de Villiers of South Africa. Kohli is now only behind Sachin Tendulkar, who amassed 49 ODI hundreds besides a staggering 51 centuries in Tests. The Indian captain has 17 hundred to his name in the five-day format.
Indian Boxers win eight gold medals in Youth International Championship   

Indian pugilists have returned with an impressive haul of eight medals, including four gold medals, from the third Youth International Championships Balkan Open 2017 at Sofia, Bulgaria. Besides four gold medals, the Indian Youth women boxers won one silver and three bronze medals while Indian women youth team was also adjudged as the best team in the championship. Nitu, Sakshi, Shashi and Neha won the gold medals, while silver went to Ankushita Boro. The bronze medals were won by Joy Kumari, Sapna and Anupama.

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