DAILY G.A UPDATE : 22-10-2016
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.
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. Sudarshan Patnaik is brand ambassador for International Sand
Renowned sand artist Sudarsan Pattnaik has been declared as the brand ambassador for the 5th International Sand Art Festival to be held at Konark by the tourism department of Odisha.
International Sand Art Festival is a popular annual event organised by Odisha Tourism from December 1 to 5 at Konark in Puri.
Several sand artists from India and abroad will participate in the festival.
As the festival would coincide with the Make in Odisha Conclave, a large number of visitors are expected to turn up to witness the international event, said Pattnaik, expressing happiness for once again being made brand ambassador of the event.
Odisha tourism has been organising this festival for last four years.
So far, Sudarsan has participated in more than 50 international sand art festivals and competition around the world and won many prizes for the country.
2. Government, World Bank sign $650 million pact for eastern corridor project
Multilateral lending agency World Bank and India signed a USD 650-million loan agreement for the Eastern Dedicated Freight Corridor (EDFC).
"The project will benefit industries of Northern and Eastern India, which rely on railway network for transportation of material inputs and exports that would accelerate creation of jobs in the northern and eastern regions of the country," the World Bank said in a statement.
This the third loan agreement that the World Bank has signed for the Eastern Corridor, which is 1,840 km long and extends from Ludhiana to Kolkata.
The World Bank is supporting EDFC as a series of projects in which three sections with a total route length of 1,193 km will be delivered sequentially, but with considerable overlap in their construction schedules, the statement said.
EDFC 3, approved by the World Bank on June 30, 2016, will build the 401 km Ludhiana-Khurja section which goes through Punjab, Haryana and Uttar Pradesh.
The first loan of USD 975 million for the 343 km Khurja-Kanpur section in the EDFC programme was approved by the World Bank in May 2011 and is already under implementation.
3. 'Mumbai among 15 global cities in terms of total wealth held'
India's financial hub Mumbai has been named among top 15 cities globally in terms of total wealth held, while London topped the list, says a report.
According to New World Wealth, the wealthiest cities in the world are London with USD 2.7 trillion of total wealth, followed by New York City (USD 2.6 trillion) and Tokyo (USD 2.2 trillion) in the second and third place respectively.
Mumbai featured on the 14th place in the list with a total wealth held in the city worth USD 820 billion.
"Home to 45,000 millionaires and 28 billionaires, Mumbai is the economic hub of India. It is also home to the Bombay Stock Exchange (BSE)," the report said.
The report further noted that among the 15 cities, Beijing, Shanghai, Mumbai and Sydney were the fastest growing in terms of wealth over the past decade (2006-2016).
"Going forward, Mumbai is expected to be the fastest growing city (in terms of wealth growth over the next 10 years)," the report added.
Others in the list include San Francisco Bay area at the fourth place with a total wealth of USD 1.9 trillion; Beijing (5th, USD 1.8 trillion); Shanghai (6th, USD 1.6 trillion); Los Angeles (7th, USD 1.2 trillion); Hong Kong (8th, USD 1.1 trillion); Singapore (9th, USD 870 billion) and Chicago (10th, USD 860 billion).
Sydney at 11th place has a total wealth of USD 850 billion; Toronto (12th, USD 850 billion); Frankfurt (13th, USD 830 billion) and Paris (15th, USD 800 billion).
Meanwhile, total wealth held worldwide amounts to USD 185 trillion (as of June 2016). Globally, there are 13,300,000 millionaires and 1,940 billionaires in total, the report said.
'Total wealth' refers to the private wealth held by all individuals in a country.
It includes all their assets (property, cash, equities, business interests) less any liabilities. Government funds are from the figures.
4. Pakistan to supply 10 trainer aircraft to Nigeria
Pakistan signed an agreement for sale of ten Super Mushshak Aircraft to Nigerian Air Force, Pakistan Air Forces (PAF) announced.
“The contract signing ceremony was held at Abuja (Nigeria), where Air Vice Marshal Iya Ahmed Abdullahi and Air Marshal Arshad Malik, Chairman Pakistan Aeronautical Complex (PAC) signed the contract,” PAF Spokesman Air Commodore Syed Muhammad Ali said.
The contract also includes operational training and technical support and assistance to Nigerian Air Force. Pakistan Air Force would completely establish this facility in the shortest possible time, he said.
This contract would not only open new avenues for export of aviation equipment to foreign countries but also help in generating revenue for the country.
The Aircraft is already in service with Saudi Arabia, Oman, Iran and South Africa.
The deal further strengthens PAC’s status as a world class aviation industry producing the supersonic JF-17 Thunder and Super Mushshak trainer aircraft.
5. Esha named Goodwill Ambassador for children's free heart surgeries
Bollywood actress Esha Gupta has been named as the Goodwill Ambassador for the free heart surgeries for children under 16.
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