09 October 2017 Current Affairs

India slips to 8th among most valuable brands

India is ranked the eighth most valuable nation brand while the United States retained its top position and China took the second spot in the league of nations according to Brand Finance’s Nation Brands 2017. India went down one spot over the previous year, the report said, because the economy grew at its slowest pace.

Nobel Prize 2017 in Economic Sciences announced

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2017 was awarded to Richard H. Thaler for his contributions to behavioral economics. In 1968, Sveriges Riksbank (Sweden’s central bank) established the Prize in Economic Sciences in Memory of Alfred Nobel, founder of the Nobel Prize.

Rajesh Nath gets Germany’s Highest Civilian Honour

Rajesh Nath, Managing Director of VDMA India, has been conferred the ‘Cross of the Order of Merit’, the highest civilian honour awarded to individuals for their services to Germany. The award, also known as Bundesverdienstkreuz or Federal Cross of Merit was instituted in 1951 and is Germany’s only honour that is awarded to both Germans and foreigners for achievements in the economic, social, political or intellectual realms.

Andhra CM Naidu inaugurates Blockchain Business Conference

Andhra Pradesh Chief Minister N. Chandrababu Naidu inaugurated a two-day International Blockchain Business Conference, which will also have sessions on Blockchain in banking, insurance and capital markets. Blockchain is the latest technology in the field of cyber space that is generating huge interest globally.

Rafael Nadal wins China Open title

World number one Rafael Nadal (Spain) won his China Open Title that is sixth title of this year. He defeated Nick Kyrgios (Australia) at the China Open 2017. He won a 16-time Grand Slam winner and came to the Chinese capital Beijing on the back of winning his third US Open.

PNB MetLife appoints Ashish Srivastava as MD & CEO

PNB MetLife India Insurance Company Ltd (PNB MetLife), a life insurer, has appointed Ashish Srivastava as a new Managing Director & Chief Executive Officer of the company. Prior to this elevation, Srivastava was an interim CEO at PNB MetLife. Srivastava joined PNB MetLife in 2013 as the Head of HR for the India business.

Manipur celebrates ‘Mera Houchongba’ festival

Manipur’s traditional Mera Houchongba festival which endeavors to promote brotherhood and unity among indigenous communities, was celebrated at the Manipur Royal palace (Sana Konung) in Imphal in the presence of titular monarch Leishemba Sanajaoba recently. The royal palace, which usually is deserted, was filled with a riot of colours as hundreds of people, both from the hills and the valley, took part in the festivities attired in their traditional colourful dresses.

RBI to soon launch Financial Literacy Drive in 9 States

The Reserve Bank of India (RBI) is to launch a financial literacy drive in 80 blocks in nine states on the pilot basis to educate people on e-transactions, formal sector borrowings, and insurance purchases. According to RBI, it commissions 9 states of Maharashtra, Chhattisgarh, Bihar, Odisha, Karnataka, Telangana, Andhra Pradesh, Haryana and Uttar Pradesh by the 6 NGOs in collaboration with the sponsor Banks. The main aim is to inculcate the habit of making a household budget and recording financial transactions, encourage transactions in savings accounts, and active saving by depositing in banks through fixed deposits and recurring deposits.

Tyrrell Hatton retains Dunhill Links Championship title

Tyrrell Hatton became the first man to retain the Alfred Dunhill Links Championship title. He won by three shots after a six-under-par final round. It is the second year in a row that Fisher had finished second at the Dunhill Links.

Noted Journalist Bismoy Kumar Mohanty dies

Noted journalist Bismoy Kumar Mohanty has died following a heart attack at Puri. he was 62. Owner and Editor of Odia daily “Ajikali” published from Balasore, Mohanty was the president of Odisha Small and Medium Newspaper Organisation. He was also associated with a number of social and cultural organisations. His wife Bijay Laxmi Mohanty is also publisher and editor of language daily “Sambad Bahika”.

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