Sunday, 29 October 2017

Daily Update On Current Affairs - October 29, 2017

current affairs

Here's your daily summary of Current Affairs.


Chandrababu Naidu receives Golden Peacock Award in London

Andhra Pradesh Chief Minister N Chandrababu Naidu has received the Golden Peacock Award under the category 'Global Leadership in Public Service and Economic Transformation' at a convention in London at 17th London Global Convention. Mr. Naidu received the award for his excellence in public service. In the 1st quarter of 2017-18, Andhra Pradesh has registered a growth rate of 11.72 percent double the country's average. The Golden Peacock Award is instituted by the Institute of Directors (IOD) of India in 1991.

Burundi becomes first nation to leave International Criminal Court

Burundi became the first nation ever to leave the International Criminal Court (ICC), set up 15 years ago to prosecute those behind the world’s worst atrocities. Burundi is the only one of three African nations to go ahead with its withdrawal after making moves last year to leave amid accusations that the court focuses too much on the continent. The ICC was established in 2002. It is based in The Hague, the Netherlands. Bujumbura is the capital of Burundi and Burundian franc is its currency.

Jeff Bezoz surpasses Bill Gates as the world’s richest person

According to Forbes magazine, Jeff Bezos surpassed Bill Gates as the richest person in the world. The fortune of Amazon's founder reached some $90.6 billion, compared with the $90.1 billion that the online edition of the magazine attributes to Gates. This is not the first time that Bezos has outpaced Gates - it previously happened in July 2017 when Amazon shares hit a historic high, though Gates took back the lead hours later. Jeff Bezos has been on the Forbes list of the richest billionaires since 1998, a year after his e-commerce giant went public.

India becomes the second largest market for smartphones in the world   

India overtook the US to become the world’s second-largest smartphone market, trailing only China, according to a new report by analyst firm Canalys. In the second quarter of 2017, India’s smartphone market recovered quickly with shipments growing 23% year-on-year in the third quarter to reach just over 40 million units. Low smartphone penetration and the explosion of LTE (long-term evolution, or 4G) are the main drivers behind this. The top five vendors Samsung Electronics, Xiaomi Inc., Vivo Electronics Corp., Oppo Electronics Corp. and Lenovo Mobile Communication Technology Ltd now account for 75% of total shipments in India. Samsung and Xiaomi accounted for almost half of the total market in Q3 2017.

Reliance Industries first Indian Company to cross Rs 6 trillion market  capitalization

Reliance Industries Ltd (RIL) became the first Indian company to cross Rs 6 trillion market capitalization after its shares surged over 75% so far this year and hit a fresh lifetime high. Currently, its market cap is at Rs 6.02 trillion. The recent rally in the stock was due to tariff hike by its telecom arm Reliance Jio which, analysts expect, will improve the company’s profitability. Jio increased its tariff by 15% for its popular 84-day plan at Rs 459, under which subscribers get 1GB 4G data at high speed per day. Mukesh Ambani is the CEO of Reliance Industries Limited.

Asia has more billionaires than the US for the first time 
    
For the first time, Asia has more billionaires than the US. In 2016, the combined wealth of the world’s billionaires increased 17%. The number of Asian Billionaires went up to 637, while the US had only 563.



Amanpreet Singh claims bronze medal in ISSF World Cup Final 

India's Amanpreet Singh clinched a bronze medal in his maiden appearance in an ISSF World Cup Final, in New Delhi. Jitu Rai fizzled out to finish seventh on the fourth day of competition. World Cup silver medallist Amanpreet shot 202.2 to win the bronze in the final of men's 50m pistol. Rai could manage only 123.2 to finish last in the seven- man final. This was India's first individual medal in the ongoing edition of the prestigious tournament. Jitu Rai and Heena Sidhu have won the gold in 10m mixed air pistol on an opening day.

England beats Spain to win first FIFA under 17 title

England scripted a dramatic turnaround in Kolkata to win the 2017 FIFA U17 World Cup for the very first time after a 5-2 win over European U17 champions Spain. Spain appeared to throw in the towel after letting slip a commanding lead, and their woe was compounded by further strikes from Marc Guehi and Foden to round off a comprehensive 5-2 victory. Brazil came third, with a win over last year’s runner-up Mali.

Patna Pirates clinch third Pro Kabbadi Title  

Pardeep Narwal scored incredible 24 points to steer Patna Pirates to third consecutive Pro Kabaddi title. Pardeep, who had scored 76 points in three playoffs, helped Patna come from behind and thump Gujarat Fortune grants 55-38 in the summit clash of Pro Kabaddi season 5. Gujarat’s Sachin Tawar was the only player who had managed to break through Patna defence and scored 11 points. The 20-year old raider finishes the 2017 edition as the highest raider with 369 raid points and 19 Super 10s.

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