12-13 October 2017 Current Affairs

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13 Oct, 2017

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1) What is India’s rank in the 2017 Global Hunger Index (GHI) report that was released by International Food Policy Research Institute (IFPRI) on 12 October 2017? – 100

Explanation: With a Global Hunger Index (GHI) score of 31.4, India was placed at a lowly 100th place out of 119 developing countries in the 2017 GHI Report. India has thus declined three places from 2016 when it was ranked 97th. The report was released by Washington-based International Food Policy Research Institute (IFPRI) on 12 October 2017.

The GHI score is a multidimensional index composed of four indicators – proportion of undernourished in the population, prevalence of child mortality, child stunting and child wasting.

Data from the report showed that India’s rank (100) was lower than all its neighbours -Nepal (72), Myanmar (77), Bangladesh (88), Sri Lanka (84) and China (29) – except Pakistan (106). Even North Korea (93) and Iraq (78) fared better in hunger parameters and GHI rankings.

According to the report, more than one-fifth of Indian children under five weigh too little for their height and over a third are too short for their age. India is at the high end of the “serious” category given that three quarters of South Asia’s population reside in India.

While countries like Chile, Cuba and Turkey have a GHI score of less than 5 and ranked the best among developing nations, nations like Chad and Central African Republic fare the worst with a score of 43.5 and 50.9, respectively.

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2) The largest ever public issue by an insurance company in India (worth $1.7 billion) opened on 11 October 2017. Which general insurance company brought this IPO? – General Insurance Corporation of India (GIC)

Explanation: General Insurance Corporation of India (GIC)’s initial public offering worth almost Rs. 11,000 crore opened on 11 October 2017. It is the largest ever public issue by an insurance company in India. GIC intends to utilise net proceeds of the fresh issue towards augmenting the capital base to support growth of business and to maintain current solvency levels; and general corporate purposes.

GIC is the largest reinsurance company in India in terms of gross premiums accepted in fiscal 2017, and accounted for approximately 60% of the premiums ceded by Indian insurers to reinsurers during fiscal 2017.

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3) The United States (USA) announced its withdrawal from prominent UN agency on 12 October 2017 accusing it of “continuing anti-Israel bias”? – UNESCO

Explanation: The United States on 12 October 2017 announced its withdrawal from the U.N. Educational, Scientific and Cultural Organisation (UNESCO), accusing it of “continuing anti-Israel bias”. The U.S. withdrawal will take effect on 31 December 2018 and until then it will remain a full member of the body.

UNESCO is the first U.N. agency that has admitted Palestine as a full member, in 2011. U.S. laws bar funding to any U.N. agency that recognises the Palestinian state.

The U.S. had earlier once withdrawn from the UNESCO, in 1984, under President Ronald Regan who accused it of favoring the Soviet Union. Under President George W. Bush, Washington rejoined the organisation in 2002.

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4) Which telecom entity will acquire Tata’s consumer mobile business (Tata Teleservices Limited) as was announced on 12 October 2017? – Bharti Airtel

Explanation: Bharti Airtel will acquire the Tata Teleservices Limited, the entity that constitutes Tata Sons’ consumer mobile business. Tata had earlier announced that it is quitting the telecom business due to continuous losses.

The deal will be done on a “debt-free cash-free” basis. As part of the deal, Tata’s mobile customers in 19 service areas will move to Bharti Airtel along with airwaves that Tata had purchased. The deal will thus give Airtel a major subscriber base boost for virtually free and stem the bleed for Tata Group from a loss-making venture.

Tata Teleservices and Tata Teleservices (Maharashtra) Ltd. have more than 40 million subscribers and rank ninth in India’s telecom market, which had a total of 1.2 billion mobile subscriptions at the end of July 2017.

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5) Who was appointed the new Chairman of Pune-based Film and Television Institute of India (FTII) by the Union Government on 11 October 2017? – Anupam Kher

Explanation: Noted actor Anupam Kher was appointed the new Chairman of Film and Television Institute of India (FTII), Pune on 11 October 2017. Kher replaces Gajendra Chauhan, who had a controversial tenure as head of the institute.

Chauhan’s appointment was met with strident opposition from students, faculty and many in the film fraternity as they felt that he lacked the credentials for the post.

Kher who has appeared in over 500 films is a recipient of the Padma Shri in 2004 and the Padma Bhushan in 2016 for his contribution in the field of cinema and arts. The veteran star has won many national and international awards including two National Film Awards of Govt. of India.

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The Swedish newspaper was recently asked it to delete the reference made by President Pranab Mukherjee to the Bofors scam in an interview to it, as a claim protested by the Indian Government on 27 May 2015. India has expressed disappointment over the disrespect shown to the President, the newspaper has defended its right to publish what was said during the interview.

Know, who is Vijay Kelkar and what is PPP !

Vijay Kelkar is a renowned economist and a former Finance Secretary. He was appointed head of newly constituted committee to give recommendations to recast the model of Public-Private-Partnership (PPP) model in India. India is one of the largest PPP market with over 900 projects. The Kelkar committee will review the PPP policy, suggest a better risk-sharing mechanism between private developers and the government after analysing such projects.

Know, who is Yaduveer Krishnadatta Chamaraja Wadiyar !

Yaduveer Krishnadatta Chamaraja Wadiyar was crowned as the new Maharaja of of Mysuru (Mysore) royal family. He is the 23-year old grandson of Princess Gayathri Devi, who was the eldest daughter of the last Maharaja of Mysore, Sri Jayachamarajendra Wadiyar. The coronation was held at Mysuru’s famous Amba Vilas Palace, which was decked up for the occasion.

Know about Sepp Blatter!

Swpp Blatter, was re-elected as FIFA president for a fifth term at the 65th Annual Congress of FIFA held at Zurich for four year term.

Prince Ali bin al-Hussein of Jordan stood against Blatter in this election. It is worth mentioning that FIFA is going through a major controversy regarding corruption in the organisation with two FIFA vice presidents and a recently elected FIFA executive committee member still in custody.

 


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