CURRENT AFFAIRS & GK FOR UPSC,SSC, PSC, IBPS,LIC,RAILWAY & ALL OTHER EXAMS
Thursday 13 October 2016
CURRENT UPDATE: THE NOBEL PRIZE IN LITERATURE 2016
LITERATURE 2016
The Nobel Prize in Literature for 2016 is awarded to
Bob Dylan "for having created new poetic expressions within the great
American song tradition".
BOB DYLAN
Born: 24 May
1941, Duluth, MN, USA
Prize motivation: "for
having created new poetic expressions within the great American song
tradition"
Prize share: 1/1
Monday 10 October 2016
CURRENT UPDATE:
THE NOBEL PRIZE IN ECONOMIC SCIENCES 2016
The Sveriges Riksbank Prize
in Economic Sciences in Memory of Alfred Nobel
2016 was awarded jointly to Oliver Hart and Bengt Holmström "for their contributions to contract theory"
OLIVER HART
Born: 1948,
London, United Kingdom
Affiliation at the time of the award: Harvard
University,
Cambridge, MA, USA
Prize motivation: "for
their contributions to contract theory"
Prize share: 1/2
BENGT HOLMSTRÖM
Born: 1949,
Helsinki, Finland
Affiliation at the time of the award: Massachusetts
Institute of Technology (MIT), Cambridge, MA, USA
Prize motivation: "for
their contributions to contract theory"
Prize share: ½
Saturday 8 October 2016
CURRENT UPDATE : THE NOBEL PEACE PRIZE 2016
NOBEL PEACE PRIZE
The Nobel Peace Prize 2016 was awarded to Juan Manuel Santos"for his resolute efforts to bring the country's more than 50-year-long
civil war to an end".
JUAN MANUEL SANTOS
Born: 1951,
Bogotá, Colombia
Prize motivation: "for
his resolute efforts to bring the country's more than 50-year-long civil war to
an end"
Role: President
of Colombia
Prize share: 1/1
The Norwegian Nobel
Committee has decided to award the Nobel Peace Prize for 2016 to Colombian
President Juan Manuel Santos for his resolute efforts to bring the
country's more than 50-year-long civil war to an end, a war that has cost the
lives of at least 220 000 Colombians and displaced close to six million people.
The award should also be seen as a tribute to the Colombian people who, despite
great hardships and abuses, have not given up hope of a just peace, and to all
the parties who have contributed to the peace process. This tribute is paid,
not least, to the representatives of the countless victims of the civil war.
President Santos
initiated the negotiations that culminated in the peace accord between the
Colombian government and the FARC guerrillas, and he has consistently sought to
move the peace process forward. Well knowing that the accord was controversial,
he was instrumental in ensuring that Colombian voters were able to voice their
opinion concerning the peace accord in a referendum. The outcome of the vote
was not what President Santos wanted: a narrow majority of the over 13 million
Colombians who cast their ballots said no to the accord. This result has
created great uncertainty as to the future of Colombia. There is a real danger
that the peace process will come to a halt and that civil war will flare up
again. This makes it even more important that the parties, headed by President
Santos and FARC guerrilla leader Rodrigo Londoño, continue to respect the
ceasefire.
The fact that a
majority of the voters said no to the peace accord does not necessarily mean
that the peace process is dead. The referendum was not a vote for or against
peace. What the "No" side rejected was not the desire for peace, but
a specific peace agreement. The Norwegian Nobel Committee emphasizes the
importance of the fact that President Santos is now inviting all parties to
participate in a broad-based national dialogue aimed at advancing the peace
process. Even those who opposed the peace accord have welcomed such a dialogue.
The Nobel Committee hopes that all parties will take their share of
responsibility and participate constructively in the upcoming peace talks.
Striking a balance
between the need for national reconciliation and ensuring justice for the
victims will be a particularly difficult challenge. There are no simple answers
to how this should be accomplished. An important feature of the Colombian peace
process so far has been the participation of representatives of civil war
victims. Witnessing the courage and will of the victims' representatives to
testify about atrocities, and to confront the perpetrators from every side of
the conflict, has made a profound impression.
By awarding this year's
Peace Prize to President Juan Manuel Santos, the Norwegian Nobel Committee
wishes to encourage all those who are striving to achieve peace, reconciliation
and justice in Colombia. The president himself has made it clear that he will
continue to work for peace right up until his very last day in office. The
Committee hopes that the Peace Prize will give him strength to succeed in this
demanding task. Furthermore, it is the Committee's hope that in the years to
come the Colombian people will reap the fruits of the ongoing peace and
reconciliation process. Only then will the country be able to address
effectively major challenges such as poverty, social injustice and drug-related
crime.
The civil war in
Colombia is one of the longest civil wars in modern times and the sole
remaining armed conflict in the Americas. It is the Norwegian Nobel Committee's
firm belief that President Santos, despite the "No" majority vote in
the referendum, has brought the bloody conflict significantly closer to a
peaceful solution, and that much of the groundwork has been laid for both the
verifiable disarmament of the FARC guerrillas and a historic process of
national fraternity and reconciliation. His endeavors to promote peace thus
fulfil the criteria and spirit of Alfred Nobel's will.
Wednesday 5 October 2016
CURRENT UPDATES :THE NOBEL PRIZE IN CHEMISTRY 2016
CHEMISTRY 2016
The Nobel Prize in Chemistry 2016 was awarded
jointly to Jean-Pierre Sauvage, Sir J. Fraser Stoddart and Bernard L. Feringa "for the design and synthesis of molecular
machines".
JEAN-PIERRE SAUVAGE
Born: 1944,
Paris, France
Affiliation at the time of the award: University
of Strasbourg, Strasbourg, France
Prize motivation: "for
the design and synthesis of molecular machines"
Prize share: 1/3
SIR J. FRASER STODDART
Born: 1942,
Edinburgh, United Kingdom
Affiliation at the time of the award: Northwestern
University, Evanston, IL, USA
Prize motivation: "for
the design and synthesis of molecular machines"
Prize share: 1/3
BERNARD L. FERINGA
Born: 1951,
Barger-Compascuum, the Netherlands
Affiliation at the time of the award: University
of Groningen, Groningen, the Netherlands
Prize motivation: "for
the design and synthesis of molecular machines"
Prize share: 1/3
CURRENT UPDATE : RBI- FOURTH BI-MONTHLY MONETARY POLICY STATEMENT
FOURTH BI-MONTHLY MONETARY POLICY STATEMENT, 2016-17
On the basis of an
assessment of the current and evolving macroeconomic situation at its meeting
today, the Monetary Policy Committee (MPC) decided to:
• reduce the policy
repo rate under the liquidity adjustment facility (LAF) by 25 basis points from
6.5 per cent to 6.25 per cent with immediate effect.
Consequently, the
reverse repo rate under the LAF stands adjusted to 5.75 per cent, and the
marginal standing facility (MSF) rate and the Bank Rate to 6.75 per cent.
The decision of the MPC
is consistent with an accommodative stance of monetary policy in consonance
with the objective of achieving consumer price index (CPI) inflation at 5 per
cent by Q4 of 2016-17 and the medium-term target of 4 per cent within a band of
+/- 2 per cent, while supporting growth.
|
CURRENT RATES
|
||
|
POLICY RATES
|
BANK RATE
|
6.75 %
|
|
REPO RATE
|
6.25 %
|
|
|
REVERSE REPO RATE
|
5.75 %
|
|
|
MARGINAL STANDING FACILITY RATE
|
6.75 %
|
|
|
RESERVE RATIO
|
CRR
|
4%
|
|
SLR
|
20.75 %
|
|
|
LENDING RATE
|
BASE RATE
|
9.30% - 9.70%
|
The next meeting of the
MPC is scheduled on December 6 and 7, 2016 and its resolution will be announced
on December 7, 2016.
CURRENT UPDATE :
THE NOBEL PRIZE IN PHYSICS 2016
The Nobel Prize in
Physics 2016 was divided, one half awarded to David
J. Thouless, the other half jointly to F.
Duncan M. Haldane and J. Michael
Kosterlitz "for theoretical
discoveries of topological phase transitions and topological phases of matter".
DAVID J. THOULESS
Born: 1934,
Bearsden, United Kingdom
Affiliation at the time of the award: University
of Washington, Seattle, WA, USA
Prize motivation: "for
theoretical discoveries of topological phase transitions and topological phases
of matter"
Prize share: ½
F. DUNCAN M. HALDANE
Born: 1951,
London, United Kingdom
Affiliation at the time of the award: Princeton
University, Princeton, NJ, USA
Prize motivation: "for
theoretical discoveries of topological phase transitions and topological phases
of matter"
Prize share: ¼
J. MICHAEL KOSTERLITZ
Born: 1942,
Aberdeen, United Kingdom
Affiliation at the time of the award: Brown
University, Providence, RI, USA
Prize motivation: "for
theoretical discoveries of topological phase transitions and topological phases
of matter"
Prize share: ¼
Monday 3 October 2016
CURRENT UPDATES : THE NOBEL PRIZE 2016
THE
NOBEL PRIZE IN PHYSIOLOGY OR MEDICINE 2016
The Nobel Prize in
Physiology or Medicine 2016 was awarded to Yoshinori Ohsumi "for his discoveries of mechanisms for autophagy".
Yoshinori Ohsumi
Born: 1945, Fukuoka, Japan
Affiliation at the time of the award: Tokyo
Institute of Technology, Tokyo, Japan
Prize motivation: "for his discoveries of
mechanisms for autophagy"
Prize share: 1/1
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