16 Oct 2014 Current Affairs

• IRNSS 1C successfully launched; India is just 4 satellites away from having its own GPS.  
  Science and Technology

  
  
 
• Cigarette companies will have to devote at least 85 percent area of cigarette packets on both sides to statutory warning, from April 1, 2015.  
  • 60% coverage will go to picture while the rest 25% to the text.
  • The current rule covers just 40% of the front surface in form of pictorial warning.
  Current Affairs

  
  
 
• Centre constitutes BN Talukar committee to probe the inordinate delay in oil and gas generation in ONGC's Krishna Godavari basin KG-D5 block.  
  • The panel is expected to submit its report by the end of October 2014.
  • The KG-D5 was allotted to ONGC at the same time as the neighbouring KG-D6 block was given to Reliance Industries (RIL).
  • While RIL has started oil and gas production beginning 2009; ONGC is just in the discovery-phase.
  • As per ONGC estimate, the KG-D5 block will produce up to 90000 barrels per day starting 2019.
  National

  
  
 
• Kotak Mahindra Bank rolls out Facebook-based money transfer platform KayPay.  
  
  
  How it works 
  • Both the party, sender and receiver. should first register their account on Kaypay.
  • The whole transaction will be free of any surplus charges.
  • One can transfer upto 2500 rupees per transaction whereas there is a maximum limit of 25000 rupees a month for sending.
  National

  
  
 
• Canada offers ‘wooden multi-storey housing technology’ for ‘Housing for all by 2022’ scheme.  
  • Canada is also willing to help us in building the proposed 100 smart cities.
  • Its noteworthy that three Canadian cities namely Toronto, Vancouver and Calgary figure among the top 10 smart cities of the world. 
  International Relations
 
• Indian policewoman 'Shakti Devi' is honoured with the 'International Female Police Peacekeeper Award 2014' by the UN.  
  • She, a police inspector in the Jammu and Kashmir Police, is recognized for her significant  efforts in helping victims of sexual and gender-based violence in Afghanistan where she is a part of UN Assistance Mission in Afghanistan (UNAMA).
  Person in News

  
  
 
• RBI governor Raghuram Rajan bags the Best Central Bank Governor award for 2014by Euromoney magazine.  
  • He is appreciated for his role in steering the deficit-ridden Indian economy out to safety.Other achievement
  • He is also the recipient of the inaugural Fischer Black Prize (2003) for the best finance researcher under the age of 40 (given by American Finance Association).
  Current Affairs