27 September 2015 Current Affairs

Prime Minister Modi boots up ‘Digital India’ in Silicon Valley

The heads of the top tech firms in Silicon Valley supplied a bounty of investment and development plans. In response to Modi’s ‘Digital India’ road show, the committments made include a 150 million dollars investments by Qualcomm into a fund for Indian Startups, an ambitious project to let Google users be able to type in 10 Indian languages, Microsoft’s promise to open up cloud computing services out of Indian Data centres and critical proposals from Tesla and Apple for long term solutions in Solar energy and the app economy.

Fourteenth World Billiards Championship Title for Pankaj AdvaniĀ 

India’s most successful cueist Pankaj Advani won the IBSF World Billiards Championship on 27 September. This is the fourteenth world title for Advani. He won the title by demolishing Singapore’s Peter Gilchrist by 1168 points.

Forward Markets Commission (FMC) merged with SEBI

Over 60 years old FMC (Forward Markets Commission) has been merged with the younger, but much bigger capital markets regulator , Securities and Exchange Board of India (SEBI) to create a unified regulatory body. SEBI was set up in 1988 as a non-statutory body for regulating the securities markets, became autonomous body in 1992. FMC has been regulating commodities market since 1953, but lack of powers remaining untamed in this market segment. This is the first major case of two regulators being merged. FMC’s merger with the market regulartor was aimed at streamlining the regulations and curb wild speculations in commodities market. While facilitating further growth of the market.

An expert committee to review Civil Services exam pattern

An expert committee has been formed by the Government to examine various issues related to age relaxation, eligibility, syllabus and pattern of the civil services examination to select the IAS and IPS officers. Based on the report of the committee, further changes in the civil services exam pattern would be considered. The panel would be headed by the former Chhattisgarh cadre IAS officer B.S. Baswan and consists of leading academicians, technocrats and senior bureaucrats.

One Response to “27 September 2015 Current Affairs”

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