Monthly Current Affairs Quiz - October, 2017

Notes:
The 2017 Nobel Prize in Physics has been jointly awarded to three US scientists – Rainer Weiss, Kip S. Thorne and Barry C. Barish – for the detection of gravitational waves. The ripples were predicted by Albert Einstein and are a fundamental consequence of his General Theory of Relativity. The winners are members of the Ligo-Virgo observatories, which were responsible for the breakthrough. The winners join a prestigious list of 204 other Physics laureates recognised since 1901. The trio will share the prize sum of nine million kronor prize. Prof Weiss gets half of the prize money, while Barish and Thorne will share the other half. Gravitational waves describe the stretching and squeezing of space-time that occurs when massive objects accelerate.

Notes:
Prime Minister Narendra Modi has inaugurated the Golden Jubilee Year Celebrations of the Institute of Company Secretaries of India (ICSI) in New Delhi on October 4, 2017. The event assumes significance as it comes close on the heels of the government action of de-registering over 2.1 lakh dormant, shell companies and disqualifying over one lakh directors as part of a clean up of the corporate system and tackling the menace of shell companies. Originally, the ICSI was set up as not-for-profit organisation on 4th October 1968. In 1980, the institute was converted into a statutory professional body under an Act of Parliament, ‘The Company Secretaries Act 1980’. The headquarters of ICSI is located in New Delhi. 

Notes:
The 8th Conference of the Association of SAARC Speakers and Parliamentarians has started in Colombo, Sri Lanka from October 4, 2017, which is inaugurated by Sri Lankan President Maithripala Sirisena. In the 3-day conference, Lok Sabha Speaker Sumitra Mahajan is leading the Indian delegation. She delivered the lead speech on the topic Association of the SAARC Speakers and Parliamentarians, a platform for the Parliamentarians of South Asia to work together to reach the 2030 agenda for Sustainable Development. She is accompanied by a delegation of MPs and senior officials of Lok Sabha.

Notes:
The World Animal Day (WAD) is observed every year on October 4 to raise the status of animals in order to improve welfare standards around the globe. It is done by encouraging individuals, animal welfare organisations, community groups, youth and children’s clubs and businesses to organise events in celebration of this day.

Notes:
The Union government has set up a high-level committee for proper management of water resources in the North-Eastern region. The Committee will be headed by NITI Aayog Vice Chairman Rajiv Kumar. It will facilitate optimising benefits of appropriate water management in the form of hydro-electric power, agriculture, bio-diversity conservation, reduced flood damage erosion, inland water transport, forestry, fishery and eco tourism. The committee is also tasked with spelling out actionable steps for optimizing water resources in the region and chalking out an action plan for dovetailing of Central schemes. The high-level committee will submit its report by June 2018.

Notes:
The World Teachers’ Day (WTD) is observed every year on October 5 to 1994 to commemorate the anniversary of the signing of the 1966 UNESCO/ILO Recommendation concerning the Status of Teachers. The day also aims to mobilize support for teachers and to ensure that the needs of future generations will continue to be met by teachers. The 2017 theme is “Teaching in Freedom, Empowering Teachers”.

Notes:
Bangladesh has signed $4.5 billion third line of credit (LoC) agreement with India for its infrastructure and social sector development on October 4, 2017. The new Indian line of credit will be used to fund 17 major projects in Bangladesh, which include electricity, railroads, roads, shipping and ports. As with previous LoC agreements, Bangladesh will pay an interest rate of 1 % a year. It will have 20 years to pay back the loans, with a grace period of five years. Under the agreement, Bangladesh would have to purchase 65 to 75% of the services, goods or works from the Indian market with the money to be provided under the third LoC following the precedence of the previous two nearly identical agreements. Bangladesh has two other LoCs open with India: the first one was signed in 2010, and the second one in 2016. These LOCs are collectively worth Tk3.06 billion, but till last year, Bangladesh government has been able to use only USD 576 million.

Notes:
The HDFC Life Insurance Company has launched ‘Neo’, that uses artificial intelligence for customer service. This is the second bot put in operation by HDFC Life, after the launch of SPOK, which was an email bot to answer customer queries. The Neo bot will be available 24/7 and has the capability to authenticate customers and give frequently sought details, like fund value, sum assured and premium amount.

Notes:
Banwarilal Purohit, a veteran political leader from Vidarbha district of Maharashtra, has been sworn-in as the new Governor of Tamil Nadu in a function held at Raj Bhavan in Chennai on October 6, 2017. Mr Purohit was sworn in as the State’s 20th Governor. The Madras High Court Chief Justice Indira Banerjee administered the oath of office and secrecy to him.

Notes:
The World Space Week (WSW) is an international celebration of science and technology, and their contribution to the betterment of the human condition, which is held every year from October 4-10. The 2017 theme “Exploring New Worlds In Space” is an outward facing theme that serves to inspire the world.