DAILY G.A UPDATE : 10-10-2016
In this competitive age, everyone needs to be updated with the current affairs. So, here is the important news for your upcoming exams like IBPS PO, IBPS CLERK, RRB and many more.
1. Chinese President appoints new envoy to India
Chinese President Xi Jinping has appointed Luo Zhaohui as China's new ambassador to India.
Prior to the Indian assignment Luo, 54, was China's ambassador to Canada from 2014 to 2016.
Before that, Luo served as director general of the Department of Asian Affairs of the Ministry of Foreign Affairs from 2011 to 2014, according to the website of the Chinese Embassy in New Delhi.
Former Chinese ambassador to India Le Yucheng left New Delhi in April, according to the website.
2. Sprinter Srabani Nanda wins Ekalavya Award
Sprinter Srabani Nanda has bagged the 24th Ekalavya Award for the year 2016 in recognition of her sporting excellence.
She will get a cash award of Rs 5 lakh along with a citation at the Ekalavya Award function.
Srabani won gold in 200m, silver in 100m and 4x100m relay in 12th South Asian Games held in Guwahati in February. She had also won bronze in 100m and 4x100m relay in Asian Grand Prix Athletics in Thailand in June 2015.
Besides Srabani, hockey players Deep Grace Ekka and Dipsan Tirkey will also receive a cash prize of Rs 50,000, the release said adding that the date for Ekalavya Award function will be announced later.
Ekalavya Award, instituted by Indian Metals Public Charitable Trust (IMPaCT), is given every year to young sportspersons of Odisha in recognition of their outstanding performance in the preceding two years.
Athlete Dutee Chand won the award last year.
3. 5 Indian-Americans among America’s richest people: Forbes
Five Indian-Americans are among the richest in the US, according to a Forbes list of 400 people which has been topped by Microsoft’s co-founder Bill Gates for the 23rd year in a row.
Symphony Technology founder Romesh Wadhwani, co-founder of outsourcing firm Syntel Bharat Neerja Desai, Airline veteran Rakesh Gangwal, entrepreneur John Kapoor and Silicon Valley angel investor Kavitark Ram Shriram have featured in Forbes The Richest People In America 2016 list.
The list has been topped by 60-year-old Gates who has a net worth of 81 billion dollars.
Wadhwani, 69, has been ranked 222nd on the list with a net worth of three billion dollars.
The IIT Mumbai and Carnegie Mellon alumnus is the chairman and CEO of Symphony Technology Group, an empire of 17 data, technology, healthcare and analytics companies that together take in more than USD 2.8 billion in annual revenue, Forbes said.
Last year, Wadhwani announced that he planned to commit up to USD 1 billion to fund entrepreneurship initiatives in India.
Desai ranks 274th on the list with a net worth of 2.5 billion dollars.
Gangwal is ranked 321 on the list with a net worth of 2.2 billion dollars.
4. P V Sindhu new brand ambassador of Vizag Steel
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.
R Ramakrishnan, Director and Co-founder Baseline Ventures, said the deal will see Vizag Steel become the major partner of the athlete.
The company will have its brand logo on Sindhu's playing jersey in international and domestic tournaments under the aegis of Badminton World Federation (BWF) and Badminton Association of India.
5. Agnieszka Radwanska wins 2016 China Open Women's Singles
Poland’s Agnieszka Radwanska won the 2016 China Open Women's Singles at the National Tennis Centre in Beijing, China.
Radwanska defeated Johanna Konta 6-4, 6-2 to grab the title.
About Agnieszka Radwanska
• Agnieszka Radwańska is a Polish professional tennis player.
• She achieved a career-high singles ranking of world No. 2 in July 2012 and is currently ranked world No. 3 by the Women's Tennis Association (WTA).
• She is the first Polish player in the Open Era to reach a Grand Slam singles final (the 2012 Wimbledon Championships), the first Polish to win the WTA Finals (in 2015), and the first Polish to claim a WTA singles title (the 2007 Nordea Nordic Light Open).
About China Open
• The China Open is an annual professional tennis tournament held in Beijing, China.
• The men's singles and doubles events were first held in 1993, as the ATP opened a series of new tournaments in Asia.
• In 1998, the tournament was dropped from the ATP tour calendar, but was reinstated in 2004.
• In 2006, the China Open became the first tournament outside of the United States to use the Hawk-Eye system in match play.
• Novak Djokovic is the only player to have won the title six times. He also holds the record for consecutive wins with four titles.
• In doubles, the Bryan Brothers are the only doubles pair to have won consecutive titles.
• Agnieszka Radwanska, Svetlana Kuznetsova and Serena Williams hold the record for most titles won in the women's tournament, with two titles each.
• Garbine Muguruza was the winner of the 2015 China Open Women's Singles.
6. Harvard’s Hart, MIT’s Holmstroem Win 2016 Nobel Economics Prize
Harvard University’s Oliver Hart and Bengt Holmstroem of the Massachusetts Institute of Technology were awarded the 2016 Nobel Prize in Economics for their work on contract theory and its role in shaping everything from executive pay to public sector privatizations.
Work by Holmstroem, 67, in the 1970s, and by the 68-year-old Hart in the 1980s, helped launch contract theory “as a fertile field of basic research,” the Royal Swedish Academy of Sciences said in a statement.
“Modern economies are held together by innumerable contracts,” the academy said. “The new theoretical tools created by Hart and Holmstroem are valuable to the understanding of real-life contracts and institutions, as well as potential pitfalls in contract design.”
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