General Knowledge & Current Affairs- 01 Oct 2016 @Daily GK

1. Arundhati Bhattacharya gets a year’s extension as SBI chief

  • SBI Chairman Arundhati Bhattacharya will remain the chairperson of SBI for one more year.
  • Her normal tenure was ending on  6th October 2016.
  • Recently, the Cabinet gave its approval for merger of State Bank of India (SBI), its associate Banks and Bharatiya Mahil (BMB) .
2  1st Oct celebrated as International day of Older Persons

  • 1st October is observed as the International Day of Older Persons on every year.
  • It is to appreciate the contributions that older people make to society.
  • The celebration theme of this year is “Take A Stand Against Ageism”.
3.   Fiscal deficit at 76.4% of Budget estimate in April-August

  • Government’s fiscal deficit during the first five months (April-August) of the current fiscal was around 4.1 lakh crore rupees,
  • It was 76.4 % of the budget estimates for the entire 2016-17 fiscal.
  • The fiscal deficit in previous year (April to August) had stood at 66.5% of the Budget estimates.
  • Fiscal deficit is the gap between expenditure and revenue for the entire current fiscal has been pegged at Rs 5.33 lakh crore (3.5% of GDP).
  • Total receipts of the government during the first five months of this fiscal were 27.3 % of the estimates for the current year.
  • The revenue deficit during these five months was 91.8 % of budget estimates
4.  Rani becomes 1st Indian woman to cross 60m in javelin

  •  Annu Rani broke her own national record to become the first Indian woman to cross the 60-metre mark in Javelin throw.
  • She has thrown 60.01 meters at the 56th Open National Athletics Championships in Lucknow (UP).
  • Earlier, her own national record of 59.87m which she made in July during the National Inter-State Championships in Hyderabad.
  • Annu is a bronze medal winner at the 2014 Incheon Asian Games.
5.  The new PTI Chairmann is Riyad Mathew 

  • Riyadh Mathew, Director of Malayala Manorama has been unanimously elected as the Chairman of Press Trust of India (PTI).
  • He replaced Hormusji N. Cama.
  • Mathew has a Master degree in journalism from the University of Maryland and worked as a correspondent with Associated Press (AP) in Washington, USA.


  • Press Trust of India provides news coverage and information of the region in both English and Hindi. Its corporate office is located at Sansad Marg, New Delhi and registered office in D N Road, Mumbai.

Rs. 65,250 cr declared in Income Disclosure Scheme so far
  • Accordinng to Fiance Minister Sh. Arun Jaitley, 65,250 crore rupees have been declared in the Income Disclosure Scheme (IDS) so far.
  • Some disclosures have not been calculated yet and the figure could increase after the final calculation.
  • The scheme was announced by the government in June this year with an aim to bring out black money from the domestic economy.
  • Those disclosing assets under the IDS will have to pay 45% tax with penalty.
  • The payments can be made in three installments till 30 September 2017.

India beats Bangladesh & wins men’s U-18 Asia Cup Hockey Trophy
  • India won the 4th men’s Under-18 Asia Cup hockey trophy by smashing Bangladesh in the finals in Dhaka(Bangladesh).
  • India scored a goal in the last minute against Bangladesh@ 5-4 in the final of the U-18 Men’s Asia Cup hockey.
  • Hardik Singh (India) was selected Man of the Match, while Pankaj Kumar Rajak (India) was selected the Best Goalkeeper of the tournament.
8.  Pakistan postpones SAARC Summit because of boycott by participating countries

  • Pakistan has officially postponed the 19th SAARC Summit which was to be held in November this year in Islamad.
  • Pakistan’s decision to postpone the SAARC meet has come in the wake of five South Asian countries, including India, expressing their inability to participate in the summit concerning over support terrorism .
  • India, Bangladesh, Bhutan, Afghanistan and Sri Lanka had already pulled out of the SAARC summit indirectly blaming Pakistan for creating an environment which is not right for the successful holding of the meet.


October 2016

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