1. Jack Ma’s Ant Financial names new CEO ahead of 2017
• Chinese e-commerce major Alibaba’s financial affiliate Ant Financial has appointed its President Eric Jing as its new Chief Executive Officer.it prepares for a highly anticipated 2017 initial public offering.
• Notably, Ant Financial, which is worth at least $75 billion (₹5 lakh crore), is China’s largest online financial services company.
2. Lt Gen A K Sharma takes over as GoC of 16 Corps
• Lieutenant General AK Sharma assumed command of the White Knight Corps (16 Corps) from Lieutenant General RR Nimbhorkar.
• He was commissioned in 1980 into 2 SIKH, a unit which he later commanded on the line of control and during Operation Parakram.
• The General officer has been decorated with YSM, SM and COAS Commendation Card.
3. Moroccan king reappoints Abdelilah Benkirane as PM
• Abdelilah Benkirane, leader of Morocco’s Islamic Justice and Development Party, has been appointed for another term as the country’s prime minister.
• Mohammed VI, the king of Morocco, made this announcement after Benkirane’s party, the PJD, emerged with the most number of seats in the 395-seat lower house of parliament.
Awards & Honours
1. Nobel Prize in Economics 2016 awarded to Oliver Hart and Bengt Holmstrom
• Two U.S.-based professors won the Nobel Prize in economics for studying how to best design contracts, work that sheds light on when it makes sense to give a CEO a bonus or privatize public services like schools, hospitals and prisons. British-born Oliver Hart of Harvard University and Finnish economist Bengt Holmstrom of the Massachusetts Institute of Technology Finland will share the 8 million kronor ($930,000) award for their contributions to contract theory.
• That’s a field of research that deals with incentives and risks involved in contracts drawn up between companies and employees, banks and lenders or insurance agents and their customers.
2. Rekha won a National Award for ‘Umrao Jaan’
• With Rekha as the female lead, heroes could never be assured of their stardom. It’s true that Rekha was limited to some insignificant films such as Sawan Bhaadon (1970) and Rampur Ka Lakshman (1972) early in her career, but the ultimate diva started to carve a niche for herself once she got established in the Hindi film industry.
• To mark her 62nd birthday we revisit five films in which Rekha proved that she is the most adored heroine Bollywood has ever seen.
3. Pune NGO wins UN Climate change award
• Pune-based organisation Swayam Shikshan Prayog (SSP) is one of the 13 winners of the 2016 UNFCCC Momentum for Change Award for its work on Rural Community Women Leaders Combating Climate Change.
• Momentum for Change is an initiative spearheaded by the UN Climate Change secretariat to recognize innovative and transformative solutions that address both climate change and wider economic, social and environmental challenges. Under SSP’s award-winning initiative, rural women are involved as entrepreneurs in propagating clean, green practices in sustainable agriculture, protecting natural resources and adopting renewable energy solutions.
1. HDFC Realty mulls helping banks dispose of defaulter assets
• Real estate advisory firm HDFC Realty is considering helping banks sell properties of defaulters and recover loans.
• Market regulator had appointed HDFC Realty and SBI Capital Markets to e-auction properties of Sahara and PACL, which had defaulted on payments.
Books & Authors
1. PM to launch works dedicated to Deen Dayal Upadhyay’s philosophy
• Prime Minister Narendra Modi launch a series of works dedicated to the philosophy of Pandit Deendayal Upadhyay. in New Delhi on October 9 2016
• The 15-volume work highlights key events in the life of Upadhyay, the journey of the Jana Sangh and of the country – including the watershed events of the 1965 Indo-Pakistan war, Tashkent Agreement, and Goa’s Liberation.
1. Aegon Life to invest Rs 200 cr in IT to push online sales
• Aegon Life plans to invest Rs 200 crore in digital technology in the next two to three years as it looks to tap growing online retail channel as part of its strategy to become a ‘direct-to-consumers’ company.
• Aegon Life Insurance has also changed its strategy to become a “direct-to-consumers” company and exited the agency channel in August .
2. DoCoMo sues Tata Sons in US court
• Japanese telecom major NTT DoCoMo has filed an application in a US court seeking $1.17 billion from Tata Sons.
• The suit has been filed in the US District Court for the Southern District of New York. The move is aimed at enforcing the penalty awarded by the London Court of Arbitration (LCIA) against Tata.
1. US lifts economic sanctions on Myanmar
• The U.S lifted sanctions against Myanmar that have been in place for nearly two decades.
• The move came after President Barack Obama’s announcement that the US was ready to lift sanctions on the Asian country during Myanmar State Counsellor Aung San Suu Kyi’s visit to Washington.
1. India’s first international arbitration centre inaugrated by Devendra Fadnavis.
• Chief Minister Devendra Fadnavis inaugurated the Mumbai Centre for International Arbitration (MCIA).
• It will be governed by a 17-member governing council.
2. Vizag Steel ropes in PV Sindhu as brand ambassador.
• Rashtriya Ispat Nigam Limited, the corporate entity of Vizag Steel has roped in badminton champion and Rio silver medallist P V Sindhu as its brand ambassador.
• Sindhu, currently amongst the top 10 ranked players in the world, became the first Indian female athlete to win an Olympic silver medal at Rio.
3. All villages in the country to be electrified by May 2017, says Power Minister.
• All the villages in the country would get electricity connection by May 2017, a year before the 1000-day deadline set by the NDA government ends.
• The Union Minister of State (Independent Charge) for Power, Coal, New & Renewable Energy and Mines also announced soft loans to states for providing electricity connection to every household in the country.
4. Assam CM inaugurated the first Model Skill Development Centre in Guwahati.
• Chief Minister Sarbananda Sonowal inaugurated Assam’s first Model Skill Development Centre “Pradhan Mantri Kaushal Kendra” at Panjabari, Guwahati in a bid to transform the skill landscape of the State
• The Centre will provide training to the unemployed youths in 13 job roles. Speaking on the occasion.
Person in News
1. P.V. Sindhu brand ambassador of Vizag Steel
• The Visakhapatnam Steel Plant has made Rio Olympics badminton silver medallist P.V. Sindhu as its brand ambassador. This was announced by Chairman and Managing Director of the Rashtriya Ispat Nigam Limited, corporate entity of the VSP, P. Madhusudhan.
• Sindhu, currently amongst the top 10 ranked players in the world.
Seminars & Meetings
1. The 6th BRICS Science & Technology SOM Meeting was organized at Jaipur.
• the 6th BRICS Science & Technology Senior Official Meeting (SOM) was organized at Jaipur, Rajasthan For providing an overarching vision and setting priorities for cooperation & joint action amongst BRICS country in the fields of Science, Technology and Innovation.
• Enterprise model like product development, exploring of market for sustainable development goals, High Performance Computing (HPC), cyber security, nanotechnology, energy, affordable medicine and technology based startups were among the key topics which were given attention at the meet.
1. Harika Dronavalli Beats Hou Yifan At International Chess Meet
• Indias Harika Dronavalli defeated World No. 1 Hou Yifan to be at joint fourth position in the Isle of Man international chess tournament.
• Harika was at her best as she manoeuvred past a determined Yifan to pull off her fourth win in the championship.
• The captivating 45 move game slowly started devolving the Indian Grand Master’s way and she held on to her nerve for her first ever victory over the Chinese star.
2. Wrestler Bajrang Punia wins Mayor’s Trophy gold for India
• Freestyle wrestler Bajrang gave India the first gold medal of the Pune Mayor’s Trophy International Invitational Wrestling competition by beating Mongolia’s Batchuluun Batmagnai 6-4 in the Men’s 65-kg category final.
• The competition was held at the Late Rajaram Bhiku Pathare Primary School’s Vithoba Maruti Pathare Indoor Stadium.
3. Virat Kohli becomes first India captain to score two double hundreds in Tests
• Virat Kohli once again achieved the feat of scoring a double hundred and hence becoming the first Indian captain to score two double centuries in Test matches. He scored the second double against New Zealand in the third Test in Indore, leading India to big total in first innings.
• Kohli now has 13 Test centuries and 12 half-centuries in his 48 Test matches. Kohli also crosses the 3500 run mark in Tests during his innings.
4. Mercedes’ Rosberg wins Japanese Grand Prix
• Mercedes driver Nico Rosberg capitalized on a slow start by teammate Lewis Hamilton to win the Japanese Grand Prix and widen his lead in the Formula One drivers’ championship. Rosberg, who started from pole position, controlled the race throughout and finished 4.9 seconds ahead of Red Bull driver Max Verstappen, who held off Hamilton in close racing over the final few laps.
• With four races remaining Rosberg holds a 33 point lead over Hamilton. The result clinched the constructors’ championship for Mercedes for the third year running.
1. Bathukamma Event Enters Guinness Book of World Records.
• Telangana state festival ‘Bathukamma’ entered the Guinness Book of World Records as 9,292 women participated in the ceremony at L.B. Stadium, Hyderabd.
• The event, attended by about ten thousand women, found a place in the Guinness Book of World Records. The women sang and danced around the tastefully arranged flowers during the event.
• The Telangana government has declared ‘Bathukamma’ as a state festival.
1. One in every 5 person in India has chronic disease: study
• Every fifth person in India suffers from a chronic disease and more than 6 out of 10 people die from non-communicable diseases (NCD), a new study by the Partnership to Fight Chronic Disease released.
• The advocacy paper NCDs in the Development Agenda which was done with technical support from the National Health Systems Resource Centre (NHSRC) notes that NCDs account for 53 per cent of the disease burden