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Current affairs : October 5, 2016 for all competetive exams


World Teachers’ Day: 5 October
The World Teachers’ Day (WTD) 2016 is being observed across the world on 5th October. 
  • The theme for the World Teachers’ Day 2016 is Valuing Teachers, Improving their Status.


Sagar Port Project
The Central Government has given in principle approval to a grant of Rs. 515 crores to make the development of the proposed Sagar Port project in West Bengal financially viable.
  • A Special Purpose Vehicle, Bhor Sagar Port Limited (BSPL) has been incorporated for the implementation of the project, with Kolkata Port Trust holding 74% equity and the Government of West Bengal holding 26% equity.


Indian Bridge Management System
The Indian Bridge Management System (IBMS) has been launched.
  • IBMS is being developed to create an inventory of all bridges in the country and rate their structural condition so that timely repair and rehabilitation work can be carried out based on the criticality of the structure.
  • IBMS is the largest platform in the world owned by a single owner, with database that could exceed 1,50,000 bridge structures. So far 1,15,000 bridges have been inventorized, of which 85,000 are culverts and the rest are bridges.


India, Singapore sign three agreements
India and Singapore have signed 3 agreements, including two in the area of skill development, following delegation-level talks headed by Prime Minister Narendra Modi and Singapore Premier Lee Hsien Loong. 
  • A third MoU was signed in the field of industrial property cooperation.


IMF revises India's economic growth upwards to 7.6% for FY17 and 18
The International Monetary Fund has raised projections for India's economic growth by 0.2 percentage points to 7.6% for 2016-17 and 2017-18.
  • The IMF is an international organization headquartered in Washington, D.C.


Maharashtra to be on the crest of science
Maharashtra State Cabinet has decided to hand over 40.68 hectare government land to the Atomic Energy Department to build the Laser Interferometer Gravitational Wave Observatory Project (LIGO India Project) at Dudhala village in Hingoli district.

  • In April this year, India and United States had signed an MoU to set up the LIGO Observatory that recently proved the existence of gravitational waves envisaged by Albert Einstein nearly a century ago.
  • With this project, India will join an elite league of countries that support research on gravitational waves. Besides the U.S, U.K, Italy, Germany and Japan have ongoing research in the area.


Certificates of Appreciation to the Ministries/ Departments for their performance in CPGRAMS
Certificates of Appreciation were recently awarded to the Ministries/Departments based on their performance in the Centralized Public Grievance Redress and Monitoring System (CPGRAMS).
  • From each category one Ministry/Department is selected for issue of Certificate of Appreciation based on the parameters of percentage of disposal and quality of disposal.
  • A three member Committee evaluates the performance for each quarter.


Nobel prize Physics- 2016:
Three physicists have been awarded the Nobel Prize in Physics for rewriting our understanding of exotic quantum states on the surfaces of materials. Their work explains the behavior of superconductors and superfluids by connecting these systems to topology, the mathematical study of spatial properties including surfaces.
  • Half of the prize goes to David J. Thouless, a physicist at the University of Washington in Seattle, while the other half will be split between J. Michael Kosterlitz, a physicist at Brown University, and F. Duncan M. Haldane, a physicist at Princeton University.


Powerful typhoon Chaba to hit Japan
Powerful typhoon Chaba barrelled toward Japan after it hit a South Korean resort island causing flight cancellations and flooding streets.




Sushil Chandra appointed CBDT Chairman
The Government has appointed Indian Revenue Service officer Sushil Chandra as the next chairman of the Central Board of Direct Taxes.
  • He will take over from the current CBDT Chairperson Rani Singh Nair, who will retire on October 31. Chandra is currently posted as Member, CBDT.


Mohan Reddy appointed Hon. Consul of Germany
Germany has appointed former Nasscom Chairman B V R Mohan Reddy as an Honourary Consul of that country in Hyderabad. 
  • Mohan Reddy will be the Consul for Germany in Telangana and Hyderabad.

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