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October Current Affairs for October 2014: IBPS-Clerk IV and IBPS-Specialist officer exam

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 31 October- Union Cabinet approved proposal to amend Foreign Direct Investment (FDI) policy in construction and real estate sectors. 29 October- India-Saudi agreed to cooperate in areas of strategic reserves, petrochemical conservation, refineries and energy efficiency programmes. The areas include strategic reserves, petrochemical conservation, research and development, refineries and energy efficiency programmes. 28 October- Telecom giant SoftBank announced to make an investment of 10 billion US dollars in India’s IT and Communications sector in coming years. SoftBank is aiming at telecom space and e-commerce sector in India. 28 October- The Union Finance Ministry scrapped the current selection process for the posts of Chairman and Managing Director (CMD) and Executive Director (ED) of Public Sector Banks (PSBs). 28 October- The Kamarajar Port Ltd (KPL) on 28 October 2014 announced to set up a Free Trade and Warehousing Zone (FTWZ) on 100 acres, adjacent to its premises. 27 October- The Union Finance Ministry on 27 October 2014 cancelled the current selection process for the posts of CMD and Executive Director (ED) of Public Sector Banks (PSBs) 27 October- World Bank report titled, India Development Update that claims India’s GDP to grow by 5.6 percent in Current Fiscal Year. 27 October- The Union Government launched a dedicated website for Pradhan Mantri Jan-Dhan Yojana available both in English and Hindi versions. The website, launched by Secretary, Department of Financial Services (DFS), GS Sandhu in New Delhi. 17 October- RBI signed a pact with the Central Bank of Kenya for Supervisory Cooperation and Exchange of Supervisory Information. 16 October- Union Government for the first time decided to import potatoes to augment domestic availability and check rising prices of the kitchen staple. 15 October- India’s exports increased 2.73 percent in September 2014 worth of 28.90 billion US dollar from 28.13 billion US dollar in September2014.LIKE US ON- 15 October- Switzerland agreed to examine Indian requests for banking information on a priority basis and provide requested details in a time-bound manner. 14 October- Union Finance Ministry on 14 October 2014 approved 25 FDI proposals with total investment of 1546 crore rupees. 12 October- Union Finance Minister on 12 October 2014 gave the green signal for the much awaited reforms in the monetary policy framework. 13 October- Consumer Price Index (CPI) inflation or retail inflation of September 2014 stood at 6.46 percent as compared to the 7.3 percent in August 2014. 10 October- JP Morgan on 10 October 2014 cut its India GDP growth projection for 2014-15 to 5.1 percent from 5.3 percent. 8 October- Data released by Railway Ministry said that during April to September 2014, Railways revenue earnings have gone up by over 12 percent. 7 October- Shipping Corporation of India Limited launched India Myanmar Service (IMS) Container service. The service will link South and East India to Myanmar via Chennai, Krishnapatnam, Yangoon, Colombo port rotation. First week- The Department of Industrial Policy and Promotion (DIPP) in first week of October 2014 approved 33 defence proposals. Of these 33 proposals, 19 are related to the foreign direct investment that aims to boost the manufacturing in defence sector. 1 October – The Reserve Bank of India released fourth Bi-Monthly Monetary Policy Statement. Policy rates were kept unchanged in this announcement.NATIONAL NEWS 30 October- Union Government on 30 October 2014 announced to amend the Lokpal and Lokayuktas Act, 2013 and to include the Leader of Opposition. 30 October- Supreme Court of India said that a minority government can be formed in Delhi with outside support of a political outfit. 30 October- Union Government announced compensation of 5 lakh rupees for kin of 3325 people who were killed during the 1984 anti-Sikh riots. 29 October- Union Government submitted a list of 627 Indians holding black money abroad in a sealed cover. 28 October- Union Ministry of Tribal Affairs on 28 October 2014 launched Vanbandhu Kalyan Yojana (VKY) for welfare of Tribal people. The scheme was launched on pilot basis in one block each of the States of Andhra Pradesh, Madhya Pradesh, Himachal Pradesh, Telangana, Orissa, Jharkhand, Chhattisgarh, Rajasthan, Maharashtra and Gujarat. 28 October- Union Ministry of Health and Family Welfare on 28 October 2014 announced TB-Mission 2020 to eliminate Tuberculosis (TB) from India. The announcement was made at WHO’s Global TB Symposium titled Moving out of the box
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