CA October CA 2013

Current
Affairs
October
2013

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2
October Current Affairs 2013
Banking Industry
1. The Reserve Bank of India (RBI) on 30
September, 2013 came up with a report titled A
Profile of Banks: 2012-13, which among other
data, reported statistics pertaining to net non-
performing assets (NPA) of the banking sector.
What are the important NPA figures mentioned in
this report?
The net NPA of all banks increased to 1.68%
of the total loan at the end of 2012-13 (The net
NPA of all banks was 1.28% at the end of 2011-
12. Increase in net NPA reflects deterioration in
economic activities)
Net NPA of the 26 public sector banks,
including State Bank of India (SBI), rose to
2.02% during the year as compared to 1.53% in
the previous fiscal
SBI and its five associates recorded a net NPA
of 2.04% against 1.76% in the comparable
period
Net NPA of new private sector bank rose
marginally to 0.45% as compared to 0.42%
Tight liquidity situation resulted in increase in
cost of funds of all commercial banks to 6.12%
as against 5.90% in 2011-12
The cost of funds for state-owned banks rose
to 6.27% from 6.06% in 2011-12

2. Levy of 3% service-tax on all non-unit-linked
products of LIC (Life Insurance Corporation of
India) added as per IRDA guideline. LIC is the
largest life-insurance provider in India with a
market share of around 83%. [1st Oct]

3. Bharat Petroleum Corporation Limited (BPCL)
[1st Oct]

4. SEBI (Securities Exchange Board of India)
approved Jet-Etihad deal. [1st Oct]

5. 12.13 crore is the per employee business
generation average of all Indian banks for 2012-
13 according to the latest data on Indian banking
sector released by the RBI recently. The business
per employee of Indias largest bank SBI was Rs.
9.43 crore, which is much below the aggregate of
all banks

6. World Bank cuts India growth forecast to 4.7
per cent from 6.1 percent for the current fiscal
year. [16
th
Oct]

7. Reserve Bank of India (RBI) Governor
Raghuram Rajan on 29 October, 2013 hiked the
repo rate by 25 basis points in the October
monetary policy review. The repo rate is now at
7.75%. Increase in inflation during the past few
months was the main reason for increasing the
repo rate

8. Indias Current Account Deficit (CAD) for the
April-June quarter of the current fiscal as
declared by the Reserve Bank of India (RBI) on
30 September, 2013 is $21.8 billion (CAD is the
difference between inflow and outflow of foreign
exchange)
Other important facts pertaining to CAD during
April-June quarter of 2013
CAD for the quarter was 4.9% of the GDP
(CAD was 4.4% or $16.9 billion in the same
quarter of last fiscal, 2012-13)
High imports of gold and oil were the main
reasons responsible for pushing up the CAD. Gold
imports increased by $7.3 billion in the first
quarter of current fiscal. Excluding the increase in
gold imports of $7.3 billion in Q1 of 2013-14 over
the corresponding quarter of the preceding year,
CAD would work out to $14.5 billion, which
translates into 3.2% cent of GDP
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CAD had declined to 3.6% in the January-
March quarter after touching a record high of
6.5% in the October-December quarter
The government plans to bring down CAD to
3.7% or $70 billion in the 2013-14 fiscal, from
4.8% or $88.2 billion in 2012-13

9. Ashok Reddy Nukala was recently appointed as
new Chairman of Karnataka Vikas Grameena
Bank (KVGB), a regional rural bank. KVGB is
sponsored by which public-sector bank?
Syndicate Bank

October, 2013 set up a four-member committee
under former Governor Bimal Jalan to scrutinize
applications for new bank licences. These licenses
are expected to be awarded by January, 2014.
Who are the other three members of this
committee? Usha Thorat (former RBI Deputy
Governor), C B Bhave (former SEBI
Chairman) and Nachiket Mor (financial
sector expert)

October, 2013 eased more money into the
system to help banks offer affordable lending
options to retail customers. For this, two steps
were taken by the RBI are:
Marginal Standing Facility (MSF) was brought
down to 9% by cutting it down by 50 basis points
from 9.5% (MSF is the rate at which banks
borrow funds overnight from RBI against
approved government securities)
Banks were allowed to borrow money from RBI
for one-week and two-weeks (This new offer of
extended period loans is also expected to further
ease liquidity in the system)

12. SR Bansal took over as the new Chairman &
Managing Director (CMD) of Corporation Bank
during October, 2013. Bansal was Executive
Director of Punjab National Bank (PNB).
13. Foreign Portfolio Investor (FPIs) is the new
class of investors, which was announced by
Indian capital market regulator SEBI during
October, 2013 and which would encompass all
FIIs (Foreign Institutional Investors), their sub-
accounts and Qualified Foreign Investors (QFIs).

14. HDFC Bank, Indias third largest bank, posted
a 27.1% increase in profit to Rs. 1,982 crore for
the quarter ended September 2013,
announcement about which was made on 15
October, 2013. This was HDFC Banks slowest
quarterly growth in a decade and it was for the
first time in a decade that banks profit growth
fell below 30%

15. Under Financial drive the Finance Ministry
had asked that the public sector banks, which
were required to install onsite ATMs at 34,668
branches by March 31, 2013 had set up 5,726
ATMs at the end of August 2013. Hence In the
remaining days of the financial year, the 26
public sector banks will together have to set up
28,942 ATMs, or an average of 137 every day to
achieve the target of ATM at every branch by 31
March, 2014

16. Bank Internasional Indonesia BII is the
name of the Indonesian bank whose first branch
in India was opened on 21 October, 2013 at
Mumbai

17. The Finance Ministry on 23 October, 2013
finalised the bank-wise capital allocation, which is
part of the capital infusion plan for 20 public
sector banks which altogether will get Rs 14,000
crore. Rs. 2000 crore capital will be infused into
the State Bank of India (SBI

Important Days
October 1 - International Day for the Elderly
October 2 - International Non-violence Day; World
Wetlands Day
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October 3 - World Habitat Day
October 4 - World Animal Welfare Day
October 8 - Indian Air Force Day
October 9 - World Postal Day
October 10 - National Postal Day
October 10 - World Mental Health Day
October 12 - World Sight Day
October 16 - World Food Day
October 17 - International Poverty Eradication Day
October 24 - United Nations Day
October 30 - World Thrift Day

18. National Voluntary Blood Donation Day
observed. [1st Oct]

19. The Air Force Day was celebrated across the
establishments of the Indian Air Force (IAF) on 8
October, 2013. IAF completed 81 years of its
establishment on this day. IAF was established
on 8 October, 1932 with formation of the No.1
Squadron.

Famous Personality
20. S. Varadarajan took over as the new
Chairman & Managing Director of Bharat
Petroleum Corporation Limited (BPCL) [1st Oct]

21. Ranjan Mathai was recently appointed as
Indias new High Commissioner to the United
Kingdom (UK). Mathai will succeed Jaimini
Bhagwati and will take his charge soon. Mathai is
the former Foreign Secretary and he retired on
31 July, 2013)

22. Arundhati Bhattacharya appointed as SBI's
first woman chairperson. [7
th
Oct]

23. Arunendra Kumar was appointed as the new
Chairman of the Railway Board on 16 October,
2013 by the Indian Railways. Kumar was the
acting chairman of Railway Board and was
overlooking this charge after the retirement of
Vinay Mittal on 30 June, 2013
24. Union Government appoints Air Marshal Arup
Raha as the next Chief of the Air Staff who will
replace Air Chief Marshal NAK Browne. [29
th
Oct]

25. Mukesh Ambani becomes India's richest for
6th year in a row in Forbes' list with a net worth
of $ 21 billion. [29
th
Oct]

26. The 24th and first woman chairperson of SBI
is Arundhati Bhattacharya

27. Janet Yellen is the first woman to head the
US Federal Reserve, which is the central bank of
the United States

28. Air Marshal Arup Raha will be the new Chief
of Indian Air Force (IAF) as announced by the
Union Govt. on 29 October, 2013. Raha is
presently Vice-Chief of Air Staff and he will take
over after Air Chief Marshal N.A.K Browne retires
on 31 December, 2013.

News from India
29. Indian Election Commission announced
election dates for five states - Madhya Pradesh,
Chhattisgarh, Rajasthan, Mizoram and Delhi. The
Polls in the five states will be start from 11th Dec
to 4th of December and the counting will be on
8th December. [4th Oct]

30. Government hike railway fares by two per
cent for all classes because of a rise in the prices
of diesel and power. Railways had earlier hiked
the freight rate by 5.7 per cent on 1 April, 2013
while linking the FAC with goods tariff. [7
th
Oct]

31. Supreme Court on 8 October, 2013 directed
the Central Govt. to reserve 3% of govt. jobs for
disabled persons

32. India on 10 October, 2013 signed
Memorandums of Understanding (MoUs) with
Seven countries for the ambitious Nalanda
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University project being built near the ruins of
the ancient academic institution. These seven
countries are Australia, Cambodia, Singapore,
Brunei, New Zealand, Lao PDR and Myanmar.

33. INS Sunayna inducted into Indian Navys
service which is the largest offshore patrol vessel
(OPV). [16
th
Oct]

34. Indias tallest air traffic control (ATC) tower
with 84-metre structure inaugurated in
Chhatrapati Shivaji International Airport,
Mumbai. [19
th
Oct]

35. Rashtriya Janata Dal (RJD) chief Lalu Prasad
Yadav and JD (U) MP Jagdish Sharma disqualified
from the Lok Sabha as both are convicted in the
Bihar fodder scam. [22
nd
Oct]

36. The Supreme Court directed the Sahara
Group to hand over title deeds of property worth
Rs. 20,000 crore to market regulator Securities
and Exchange Board of India (SEBI) within three
weeks.

37. According to the newly released census data
of Census 2011 pertaining to slum dwellers, 65
million Indians live in slums in 2011. In the
Census of 2001 the total population of slum
dwellers stood at 52 million.

38. The Gujarat State Assembly on 1 October,
2013 for the second time passed the Gujarat
Lokayukta Aayog Bill, 2013, which was returned
by Governor Dr. Beniwal. In September, 2013 Dr.
Beniwal had returned the Bill, which was passed
by the State Assembly on 2 April. The new bill
empowers the State government with regard to
the appointment of the Lokayukta by doing away
with the role of the High Court Chief Justice. This
bill seeks to replace The Gujarat Lokayukta
Act, 1986 (The State had a Lokayukta till 2003
when the last incumbent retired High Court
judge, S.M. Soni, stepped down from his position.
Unlike the act in force at present, the Gujarat
Lokayukta Aayog Bill, 2013 provides primacy to
the Chief Minister, over the Gujarat High Court
Chief Justice, in appointing the lokayukta)

39. Which five Indian universities/institutes made
to the prestigious Times Higher Education World
University Rankings 2013-14 of the top 400
universities of the World, which was released
recently? Panjab University (Chandigarh),
IIT Delhi, IIT Kanpur, IIT Kharagpur and IIT
Roorkee(There were only two Indian universities
(IIT Kharagpur and IIT Roorkee) listed in the
rankings for year 2012-13)

40. Which state would become the first in the
country to have the provision of negative voting
for its electorate, as announced by the Election
Commission on 4 October, 2013?
Chhattisgarh (The Assembly elections in
Chhattisgarh will be conducted in two phases on
11 and 19 November, 2013. It will therefore
become the first state where the option of
negative voting will be introduced. Under this
option a voter can opt to give his/her vote to
none of the candidates featuring in the poll.)

41. The Gorakhpur railway station comes under
North-Eastern Railway (NER) division got the title
of worlds longest platform on 6 October, 2013 as
the remodelled Gorakhpur yard was inaugurated
on this day. This platform measures 1366.33
metres with ramp and it pushed West Bengals
Kharagpur to second spot.

42. Indian Army on 8 October, 2013 wrapped-up
its 15-day-long major operation along the Line of
Control (LoC) in Jammu & Kashmir to foil a
massive infiltration bid by terrorists backed by
suspected Pakistani special forces. This bid was
the biggest infiltration bid after the 1999 Kargil
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confrontation. This incident took place at Keran
Sectors Shaalbhati village in Kashmir

43. Cyclone Phailin became the strongest
cyclone to hit India over a decade when it struck
two states of Orissa and Andhra Pradesh on the
evening of 12 October, 2013 with speeds of over
200 km per hour. This cyclonic storm struck the
coastal districts of Ganjam, Puri, Khurda,
Jagatsinghpur in Odisha and Srikakulam in
Andhra Pradesh. Over 20 deaths were reported
due to devastation caused by Phailin.

44. India ranks 63
rd
in the 2013 Global Hunger
Index (GHI), which was released by the
International Food Policy Research Institute on
14 October, 2013, with a hunger score of 21.3
(Indias rank in last years GHI was 67. The
report terms the situation in India as alarming,
even as its hunger score improved from 32.6 in
1990 to 24 in 2005 and 21.3 in 2013. This report
ranks 120 developing countries of the world
according to their hunger scores. China was 6
th
in
this list whereas Indias neighbours Sri Lanka
(rank 43), Pakistan (rank 57) and Bangladesh
(rank 58) have been placed above India in this
index)

45. MV Seaman Guard Ohio is the name of an
American ship which was detained for carrying
arms and buying diesel in an unauthorized
manner near Tuticorin, Tamil Nadu on 12
October, 2013

46. Indian Railways on 23 October, 2013
announced its decision to increase the speed of
the superfast trains to 160-200 km. With this
decision the existing superfast trains of India like
Rajdhani, Shatabdi and Duronto Expresses will
get an increase in the speed. The fastest train of
India is the Bhopal Shatabdi with the top speed
of 150 kmph.
47. Bhakra dam completed 50 years of its
establishment on 24 October, 2013. Bhakra dam
started its operations from 24 October, 1963. It
was one of the tallest straight gravity dams in the
world when its construction was completed in
1963 and it cost Rs. 245 crore. The Bhakra-
Nangal dam complex houses the largest base of
hydro power in India with production capacity of
2900 MW and it shows the cheapest model of
electricity production in India.

48. Patna witnessed maximum unemployment
rate during the five year period ending 2009-10,
as stated in the latest NSSO report released on
26 October, 2013. Patna witnessed
unemployment rate of 13.2% during this period
and it was followed by Kanpur which witnessed
7.7% unemployment

International News
49. The United States government went into a
shutdown from the mid-night of 30 September,
2013. This meant that an estimated 800,000
federal workers faced furloughs (leave without
payment) and most of the space agency and
other government operations remained closed.
What was the reason for this shutdown?
Collusion between Republicans and
Democrats over the flagship healthcare
programme of President Barack Obama in
the US Congress which led to an
interruption in Federal funding

50. The Prime Ministers of Bangladesh and India
inaugurated a joint power transmission plant
through which Bangladesh will receive up to 500
megawatts (MW) of electricity.

51. C.V. Wigneswaran took over as the first Chief
Minister of Sri Lankas Northern Province on 7
October, 2013
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52. Turkey lifted a ban on women wearing the
Islamic head scarf in state institutions on 8
October, 2013

53. Syed Ibne Abbas was appointed as the new
Pakistan High Commissioner to India on 9
October, 2013. Abbas will replace Salman Bashir.

54. Former Pakistan President Pervez Musharraf
granted bail and free to leave Pakistan after a
decision by a court in Islamabad. [9
th
Oct]

55. An Italian court ruled that former Italian
Prime Minister Silvio Berlusconi should be barred
from holding public office for two years following
a conviction for tax fraud. [19
th
Oct]

56. India ending an eight year ban on military
supplies to Nepal with the supplies of vehicles
and arms. [24
th
Oct]

57. According to the latest data pertaining to visa
acceptance of various countries released by
Henley & Partners Visa Restriction Index, citizens
of Great Britain enjoy the widest range of visa-
free travel in the world. British citizens enjoy the
widest range of visa-free travel in the world,
being able to visit 173 countries with just a
passport. India figures 74th on the list, while
Afghanistan comes at the bottom of the table,
with only 28 countries available for entry without
visa. Iraqi passport holders can go to 31
countries while Pakistan and Somalia are tied at
the third from the bottom with 32

58. China has overtaken the United States to
become the biggest net importer of oil in the
world, according to the latest data released by
the Energy Information Administration (EIA).

59. The Republic of Ireland recently announced
its decision to exit the international bailout
programme by December 2013 and seek funds
from other outside sources.

60. Canada on 17 October, 2013 announced
honorary citizenship for Pakistani teenage activist
Malala Yousafzai, who will become sixth person to
have been granted this honour. Canada has
granted honorary citizenship to five persons till
now Nelson Mandela, Aung San Suu Kyi, the
Dalai Lama, Aga Khan and Raoul Wallenburg
(Swedish diplomat)

61. On 18 October, 2013 Jeh Johnson was
nominated by US President Barack Obama to
head the Department of Homeland Security. He is
a former top lawyer of the Pentagon

62. Protection of Pakistan Ordinance, 2013: a
new ordinance that was passed by the Pakistani
President on 22 October, 2013 which gives more
teeth to fight terror.
Visits:

63. Prime Minister Manmohan Singh arrived in
Moscow to strengthen bilateral strategic
partnership. [20
th
Oct]

64. India and China signed Border Defence
Cooperation Agreement (BDCA) to soothing
tension on their contested border.

65. The 14th Annual India-Russia Summit was
held on 21 October, 2013 on the occasion of
Prime Minister Manmohan Singhs official two-day
visit to Russia. Five bilateral agreements were
signed between the two countries in this summit.
These agreements were signed on varying
subjects including transfer of sentenced persons,
understanding in the field of energy efficiency,
understanding on standards bureau, cooperation
in the field of science and technology and
cooperation in the field of biotechnology)

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Science and Technology
66. India test-fired its indigenously developed
nuclear-capable Prithvi-II missile with a strike
range of 350 km from Balasore, Odisha. [7
th
Oct]

67. India started pumping electricity for the first
time from Kudankulam nuclear power plant,
Tamil Nadu with an initial output of 160 MW.
[22
nd
Oct]

68. Astronomers have found the most distant
galaxy yet, designated by scientists as
z8_GND_5296, took about 13.1 billion years to
reach the orbiting Hubble Space Telescope and
the Keck Observatory in Hawaii, both of which
detected the galaxy in infrared light. [24
th
Oct]

69. India has developed a new tactical surface-
to-surface missile 'Pragati' with a range between
60-170 km. [29
th
Oct]

70. Bheem is the Indias first 5,500 horse power
(HP) diesel locomotive that has been
manufactured by Diesel Locomotive Works
(DLW), Varanasi. It is known as WDG-5 in
railway nomenclature. Bheem has been designed
by Research Designs and Standards Organisation
(RDSO), Lucknow

71. JENVAC is the name of Indias first
indigenous vaccine to protect children from
Japanese encephalitis (JE) which was launched
on 4 October, 2013. JENVAC is being
manufactured in the public-private partnership
mode between the Indian Council of Medical
Research (ICMR) and Bharat Biotech

72. India on 7 October, 2013 successfully test-
fired indigenously developed nuclear-capable
Prithvi-II missile from a test range at Chandipur
in Orissa. Prithvi-II is capable of carrying 500 kg
to 1000 kg of warheads and is thrusted by liquid
propulsion twine engines. strike range of this
missile is 350 km.

73. Juno is the spacecraft launched by NASA in
2011 and is to reach Jupiter in 2016. Using Earth
as a gravitational slingshot is a common trick
since there isnt a rocket thats powerful enough
to catapult a spacecraft directly to the outer solar
system. Juno which on 9 October, 2013 swung by
Earth to get the boost it needs to reach the giant
planet in 2016 and it is scheduled to arrive at
Jupiter on 4 July, 2016 after journeying 1.7
billion miles.

74. Scientists from China recently announced
development of the new Li-Fi (Light Fidelity)
technology, which is a new and cheaper way of
getting connected to the internet through light
bulbs instead of radio frequencies. Scientists of
Shanghais Fudan University developed the Li-Fi
technology as an alternative to the very popular
Wi-Fi (Wireless Fidelity) technology

75. West Bengal has the highest proportion of
Visitor Location Register (VLR) subscribers in
India according to the latest telecom subscription
data (as on 31st July 2013) released by the
Telecom Regulatory Authority of India (TRAI)
recently. Which had 88.74% VLR subscribers as
on 31 July, 2013 (West Bengal was followed by
Maharashtra (88.22%) and Madhya Pradesh
(87.64%). On the other hand Tamil Nadu had the
lowest proportion of VLR subscribers (73.33%)
and it includes subscribers of Chennai. A VLR is a
database that contains information about the
subscribers roaming within a mobile switching
centers (MSCs) location area. The primary role
of the VLR is to minimize the number of queries
that MSCs have to make to the home location
register (HLR), which holds permanent data
regarding the cellular networks subscribers)

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76. Opportunity, the Mars rover of US space
agency NASA recently began its expedition to
scale the tallest mountain (Solander Point) it has
yet encountered in nearly 10 years of its
exploration of the red planet. Solander Point is at
the north end of the western-southwestern
ridgeline of Endeavour crater on Mars

Awards and Honours
77. France on 25 October awarded its highest civilian
award Chevalier de la Legion dHonneur to Anjali
Gopalan for her work on transgenders and HIV positive
patients.She was awarded at a function, by Najat
Vallaud-Belkacem, the French Cabinet Minister for
Womens Right.Anjali Gopalan is an Indian Human
Rights and Animals Rights Activist.She started the Naz
Foundation (India) Trust as its executive director, which
further changed the lives of the HIV Positive,
transgenders and homosexuals .

78. Malala Yousafzai, 16-year-old education
activist from Pakistan wins European Union's
Sakharov human rights award. [10
th
Oct]

79. M S Swaminathan (renowned agricultural
scientist) will be conferred the Indira Gandhi
Award for National Integration for year 2012 as
announced on 10 October, 2013 by the award
committee. Swaminathan is also known as The
Father of Green Revolution. He has served as
Director of the Indian Agricultural Research
Institute, New Delhi (1966-72), Director General
of the Indian Council of Agricultural Research and
Secretary to the Government of India,
Department of Agricultural Research and
Education (1972-79))

80. New Zealand author Eleanor Catton wins Man
Booker prize for her book "The Luminaries". She
becomes the youngest novelist to win the man
booker prize at the age of 28 years. Also the
book has set a new record for the longest
winning novel with 852 pages. [16
th
Oct]
81. Lata Mangeshkar presented with the first
national Yash Chopra Memorial Award in Mumbai.
[20
th
Oct]

82. Amitabh Bachchan received the 3rd
Hridayanath Mangeshkar Award for his
contribution to the film industry. [27
th
Oct]

83. New York Mayor Michael Bloomberg was
announced as the first winner of Israels $1
million Genesis Prize, an award popularly dubbed
the Jewish Nobel Prize.. The Genesis Prize
Foundation on 21 October, 2013 said Mr.
Bloomberg was honoured as the first winner for
his long record of public service and philanthropy

84. The First National Award For Senior Citizens -
Vayoshreshtha Samman, 2013 were given by the
President Pranab Mukherjee in the following
categories:
National Award for Best Institution for providing
services to senior citizens and Awareness
Generation
National Award for Best State in implementing
the Maintenance and Welfare of Parents and
Senior Citizens (MWPSC) Act, 2007, & providing
services and facilities to senior citizens
National Award for Centenarian Senior Citizen
National Award for Iconic Mother
National Award for Lifetime Achievement
National Award for Creative Art
National Award for Sports & Adventure Award
(Male)
National Award for Sports and Adventure
(Female)

85. Noble Prize 2013:
Americans James Rothman and Randy
Schekman and German-born researcher
Thomas Suedhof were on 7 October
announced as the winners of the 2013 Nobel
Prize in medicine. They have been awarded
this prize for Discoveries on how hormones,
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enzymes and other key substances are
transported within cells discovery done by
them.
The 2013 Nobel Prize for Physics was
shared among Peter Higgs of Britain and
Francois Englert of Belgium as announced on
8 October, 2013. They were given this prize
for The theoretical discovery of the origin of
mass of subatomic particles, also called the
Boson Theory
Three American scientists Martin Karplus,
Arieh Warshel and Michael Levitt were on 9
October announced as the winners of the
2013 Nobel Prize in Chemistry. They have
been awarded this prize for the development
of multi-scale models for complex chemical
systems contribution in the field of Chemistry
2013 Nobel Prize for Literature was
awarded to Canadas Alice Munro. The
Swedish Academy made this announcement
on 10 October, 2013. With this Munro became
the 13th women to be awarded this
prestigious prize. She is also the first
Canadian to win the prestigious honour. She
was acclaimed as the master of the
contemporary story by the Swedish
Academy. Her important works include Dance
of the Happy Shades (1968), Girls and
Women (1971) andThe Beggar Maid: Stories
of Flo and Rose (1978))
The Organization for the Prohibition of
Chemical Weapons (OPCW) was awarded the
Nobel Peace Prize for 2013 as announced
on 12 October, 2013. This award was given to
the organization for its extensive efforts to rid
the world of chemical arsenals. The 189-
member OPCW has its headquarters in The
Hague, the Netherlands
Three American economists Eugene Fama,
Lars Peter Hansen (both with the University of
Chicago) and Robert Shiller (Yale University)
won the 2013 Nobel Prize for Economics.
This announcement was made by the Royal
Swedish Academy of Sciences on 14 October,
2013. These three economists were awarded
for developing new methods to study trends
in asset markets.

85.A) Eleanor Catton for her novel The
Luminaries won the Man Booker Prize 2013 as
announced on 15 October, 2013

Business News
86. Wal-Mart Stores Inc and Bharti Enterprises
breaking up their Indian joint venture. Now Wal-
Mart will independently own and operate
separate businesses in the country. [9
th
Oct]

87. India's industrial production growth slowed to
0.6 percent in August from an upwardly revised
2.75 percent pace in July. [11
th
Oct]

88. $ 1 billion is the proposed IPO (initial public
offering) of social-media company Twitter Inc.,
which was revealed by the company on 3
October, 2013

89. 6.46% was the wholesale price index (WPI)-
based inflation during September, 2013 as
announced by the govt. on 14 October, 2013. It
is higher than the 6.1% recorded in the previous
month (August, 2013)

90. Reliance Industries Limited (RIL) corporate
company on 14 October, 2013 became the first
Indian corporate to achieve sales of more than Rs
1,00,000 crore in a quarter. RILs turnover or
sales soared 14.2% to Rs 1,06,523 crore during
the second quarter (July-September) of 2013-14.
Companys net profit for the quarter stood at Rs.
Rs 5,490 crore, up 1.5% from Rs. 5,409 crore a
year earlier.

Sports News
91. Afghanistan qualified for its maiden ICC
World Cup after defeating Kenya by seven
R.A.C.E

11
wickets to finish second in the World Cricket
League Championship in Sharjah. [4th Oct]

92. Sania Mirza and Cara Black wins the
Womens Doubles in China Open tennis
championship trophy. [6th Oct]

93. Mumbai Indians wins the Champions League
Twenty20 for the second time after beating
Rajasthan Royals by 33 runs in the final at the
Ferozeshah Kotla. It is the last Twenty20 match
for both Sachin Tendulkar and Rahul Dravid. [6th
Oct]

94. 2014 Commonwealth Games are to be
hosted at? Glasgow, Scotland

95. Red Bull driver Sebastian Vettel won the
Japanese Grand Prix.

96. Supreme Court lifted the restraints it put on
N Srinivasan from assuming charge as the
elected chief of the Indian cricket board (BCCI).
[8
th
Oct]

97. Sachin Tendulkar announces retirement from
Test cricket after playing 200th game which is to
be held in Mumbai from November 14. Mumbais
Wankhede Stadium will host the farewell Test for
Sachin Tendulkar. [10
th
Oct]

98. Virat Kohli scores the fastest century by an
Indian batsman in ODI with 52 balls against
Australia. [16
th
Oct]

99. Australian batsman set a new world record
with their top five compiling individual half
centuries while scoring 359 runs against India in
Jaipur. [16
th
Oct]

100. EPL club Liverpool launched a residential
football academy in Pune. [16
th
Oct]
101. Terry Walsh of Australia was appointed as
the new Chief Coach of Indian national hockey
team during October, 2013. [17
th
Oct]

102. The Board of Control for Cricket in India
(BCCI) has banned Kolkata Knight Riders pacer
Pradeep Sangwan for 18 months after he was
found violating the board's anti-doping
regulations in IPL 2013. [19
th
Oct]

103. Indian squash player Dipika Pallikal
defeated former World number one Rachael
Grinham of Australia to clinch the Macau Open
title. [20
th
Oct]

104. BCCI terminated Sahara-owned franchise
Pune Warriors from the IPL after defaulted on its
payments and refused to furnish the bank
guarantee for the next season. [26
th
Oct]

105. Germany's Sebastian Vettel became
Formula One's youngest four-times world
champion on Sunday after winning the Indian
Grand Prix for Red Bull. [27
th
Oct]

106. Afghanistan made its maiden entry into the
cricket world cup and will play in the 2015 ICC
World Cup to be jointly hosted by Australia and
New Zealand. Ireland was the first qualifier team
to qualify for this event.

107. Bosnia-Herzegovina qualified for the 2014
FIFA World Cup recently and with it earned its
first berth as an independent nation

108. A newly-released coffee table book on the
great Brazilian footballer Pele, which weighs 15
kg and is worth $1,700 is named 1283 (This
500-page limited edition book about the player,
widely regarded as the greatest ever, is titled
1283, the number of goals Pele scored in his
career, and comprises 1283 texts)
R.A.C.E

12
109. Ding Junhui of China won the title of the
Indian Open Snooker 2013, final of which was
held on 19 October, 2013

110. South African test team on 26 October,
2013 achieved its 100th Test match victory since
the formation of a unified national cricket body.
This milestone was achieved in the 207th win
since the United Cricket Board of South Africa
(UCBSA) came into existence in 1991.

Scams
111. A special CBI court at Ranchi on 30
September, 2013 convicted former Bihar Chief
Minster and RJD leader Lalu Prasad and 44 others
(including former Chief Minister Jagannath
Mishra) in the in the multi-crore fodder scam
case of 1990s. The court will pronounce the
quantum of sentence to the convicts on 3
October, 2013.
He was convicted in which case?
Fraudulent withdrawal of Rs 37.7 crore from
Chaibasa treasury of Jharkhand (The RJD
chief will face immediate disqualification as a Lok
Sabha member as per a Supreme Court order
that an MP or legislator would stand disqualified
immediately if convicted by a court for crimes
with punishment of two years or more)

112. Congress Rajya Sabha MP Rasheed Masood
was on 1 October, 2013 sentenced to four years
in jail by a Special CBI Court at New Delhi. What
was the charge against Masood?
Fraudulently nominating undeserving
candidates from across the country to MBBS
seats allotted to Tripura medical colleges
from the central pool in 1990-91 (This case
pertains to the time when he was Union Health
Minister during the National Front Govt. in 1990.
With this Masood became the first MP to lose his
seat after a recent Supreme Court order on
immediate disqualification of convicted
lawmakers)
Abbreviation
113. IGMDP - Integrated Guided Missile
Development Programme

114. ULFA - United Liberation Front of Assam

115. IDRBT - Institute for Development and
Research in Banking Technology

116. NDMA - National Disaster Management
Authority

117. IRDA - Insurance Regulatory and
Development Authority

118. Customs, Excise and Service Tax Appellate
Tribunal (CESTAT

119. Real Time Gross Settlement (RTGS)

120. Tax Administration Reforms Commission
(TARC

121. Trans-Border River Agreement TBRA

Passed away
122. U.S. master writer and master of spy thriller
novels Tom Clancy dies at 66. [2nd Oct]

123. The legendary singer Manna Dey died of
cardiac arrest at the age of 94 in Bangalore
hospital where was treated for respiratory illness.
[24
th
Oct]

124. Pioneer of Nayi Kahani movement and
renowned Hindi writer Rajendra Yadav dies at 84
in New Delhi. [29
th
Oct]

125. Uttam Chandarana, who passed away on 2
October, 2013, was a sportsman of yesteryears.
He was associated with which sport? Table
Tennis (He won mens singles title in 1943
(Hyderabad), in 1948 (Colombo), in 1949
R.A.C.E

13
(Hyderabad) and in 1954 (Baroda). He, however,
also excelled in tennis, athletics, billiards and
snooker and cricket)

126. Senior socialist leader Mohan Dhariya, who
was last of the three Young Turks of the 70s,
passed away on 14 October, 2013 at Pune.
Dhariya was a former Union Minister and deputy
chairman of Planning Commission.
Krishnakant (former Vice-President) and
Chandrashekhar (former Prime Minister) was the
two other Young Turks, who were known for
their radical political thoughts during 70s.

127. Dr. Ravuri Bharadwaja, who passed away
on 18 October, 2013, was a renowned
personality associated with Literature field. Dr.
Ravuri Bharadwaja was a noted Telugu writer and
was conferred the Gnanpith Award for 2012,
which is widely perceived as Indias highest
literary award, for his Telugu novel Paakudu
Raallu

128. Legendary playback singer Manna Dey
(Prabodh Chandra Dey) passed away at the age
of 94 on 24 October, 2013 at Bangalore. Known
for his golden voice and incredible command over
classical singing, he sang in many Indian
languages including Hindi, Bengali, Assamese,
Marathi, Malayalam, Kannada, Gujarati, Punjabi
and Bhojpuri.

CA October CA 2013

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