Current Affairs For Bank, IBPS Exams - 13 October, 2015

Current Affairs for BANK, IBPS Exams

13 October 2015

:: National ::

Missile Complex in Hyderabad to be Named After Dr APJ Abdul Kalam

Defence Minister Manohar Parrikar will rename the country's key missile complex in Hyderabad after noted scientist and former president Dr APJ Abdul Kalam on his birth anniversary on October 15, an official statement said.
The event will take place at the Research Centre Imarat (RCI) in Hyderabad on Thursday, marking the 84th birth anniversary of Dr Kalam, who was popularly known as the country's "Missile Man".
Dr Kalam had joined the complex, which is under the Defence Research and Development Organisation, in 1982 and was part of it for nearly two decades.
It comprises the Advanced Systems Laboratory (ASL), Defence Research and Development Laboratory (DRDL) and Research Centre Imarat (RCI) which is considered to be the brain child of Dr Kalam.
As founder director, Dr Kalam conceived and steered RCI as a generator of critical missile technologies.

:: International ::

Iran parliament approves nuclear deal bill in victory for Rouhani

Iran's conservative-dominated parliament passed a bill on Tuesday approving its nuclear deal with world powers, signaling victory for the government over hardline opponents who worry the accord opens a door to wider rapprochement with the West.
Many conservative lawmakers opposed the Joint Comprehensive Plan of Action (JCPOA) that President Hassan Rouhani's government agreed with the six powers on July 14, and the vote -- which followed a bad-tempered, rowdy debate on Sunday -- lifts a significant hurdle to putting the deal into effect.
With strong parliamentary backing, the bill is likely to be ratified by a clerical body called the Guardian Council.
The exact stance of Supreme Leader Ayatollah Ali Khamenei, who has the last word on all matters of state, is not known. To date, he has neither approved nor rejected the agreement, but has commended the work of Rouhani's negotiating team.
Provided Khamenei does not openly oppose it, many expect Iran will begin shutting down parts of its nuclear program in coming weeks.
When completed, that process will result in most international sanctions, imposed on Iran since 2006 over concerns it was covertly seeking atomic bombs, being lifted.
The bill also calls on Iran's government to impose strict curbs on U.N. nuclear inspectors' access to military sites, leaving the possibility that disagreements could still arise.
The bill was adopted with 161 votes in favor, 59 against and 13 abstentions, the state news agency IRNA said. It had passed a preliminary vote on Sunday by a smaller margin, after a chaotic debate in the 290-seat chamber.
The bill will now be submitted to the Guardian Council, a clerical vetting body, that will either suggest amendments to the text or pass it into law.
She added that Khamenei was now likely to support Rouhani's government in carrying out the deal, while also highlighting parliament's insistence on limiting access to military sites for International Atomic Energy Agency inspectors.
The bill stipulates that inspectors from the IAEA, the U.N. nuclear watchdog, cannot visit such sites without approval from a top Iranian security organ.

ADOPTION DAY

Under the July 14 deal with the United States, Britain, France, Germany, Russia and China, Tehran accepted strict limitations on its uranium enrichment program in exchange for relief from the sanctions that have crippled its economy.
Iran is due to start implementing the deal on October 18 or 19, known as Adoption Day under the terms of the JCPOA. Iranian technicians will decommission thousands of the centrifuges that refine uranium, fill the Arak heavy water reactor with concrete and ship most of Iran's stockpile of enriched uranium abroad.
Once the IAEA is satisfied Iran has met its obligations, which Tehran hopes to achieve by early 2016 but could take longer, the United States, United Nations and European Union will rescind nuclear-related sanctions.
Some U.S. sanctions not related to the nuclear file will remain in place, but that has not deterred foreign business delegations that have flocked to Tehran ahead of the expected opening of markets in the oil-rich nation of 80 million people.

China overtakes US, now has world's largest middle class

China's middle class has overtaken the United States to become the world's largest, Credit Suisse said Tuesday in its latest report on global wealth.
Asia will be the scene for the greatest expansion of the world's middle class, it predicted.
The Swiss bank said with 109 million adults "this year, the Chinese middle class for the first time outnumbered" that in the United States at 92 million.
While the number of middle class worldwide grew last year at a slower pace than the wealthy, it "will continue to expand in emerging economies overall, with a lion's share of that growth to occur in Asia," Credit Suisse chief executive Tidjane Thiam said in a statement accompanying the bank's annual Global Wealth Report.
The report said size and wealth of the middle class was a key factor in economic development, and the middle class was often at the heart of political movements and new consumption trends.
The report used a floor for the middle class as having wealth double the annual medium income for their country.

:: Miscellaneous ::

One in 13 cancer patients in the world is Indian: US study

The National Cancer Institute (NCI), a unit of US Department of Health and Human Services (USDHHS), has observed that India shares a large proportion of the global cancer burden, with rising mortality rates.
The situation can improve with dissemination of useful and scientific information among the general populace, claimed NCI officials.
India has around 1.8 million people suffering from cancer, with patients of breast, cervical and oral cancers topping the list.
Every 13th new cancer patient in the world is an Indian. The NCI has organized a two-day international workshop for scientific journalism, aimed at media professionals, in association with Public Health Foundation of India and Institute of Cytology and Preventive Oncology (ICPO), Noida, Sector 39 between October 12-13.
This is NCI's first such workshop in South Asia. Earlier, the institute had organised similar workshops in Brazil (2010), Mexico (2011), China (2012), Argentina (2012) and Puerto Rico (2013).

:: Sports ::

India thrashed 3-0 by Oman,World Cup Qualifier:

Indian football team's abject humilation continued as they slumped to their fifth consecutive defeat in the 2018 FIFA World Cup qualifying round, losing 0-3 to Oman in an away game on Tuesday.
For the hosts, Ahmed Kano Mubarak scored in the 55th minute while Abdul Aziz Al Muqbali scored in the 67th and 85th minute to round off the tally. Oman had won the first leg encounter in Bengaluru 2-1.
India thus stay at the bottom of the heap having conceded as many as 12 goals in their five games, managing to score only thrice.qualifying football match against Oman. AFP
At the Sultan Qaboos sports Complex, the Indian team barely managed to hold fort during the first 45 minutes as it ended with Oman failing to break the deadlock.
However, the repeated raids and the relentless pressure on the defence meant that scoring the first goal was only a matter of time.
Stephen Constantine's boys were defending with eight to nine men in their defensive third at one point of time.