Current Affairs 16 October

Current Affairs
   16 October 2016 Current Affairs
 
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Bank of Baroda has appointed brand ambassador PV Sindhu and Srikanth

India's second largest public sector bank, Bank of Baroda appointed brand ambassador PV Sindhu and Srikanth. Shuttler PV Sindhu won the silver medal at the Olympics in Rio. Srikanth in badminton men's players.
In 2005, the bank right-handed batsman Rahul Dravid was appointed as its brand ambassador.
Mayank Mehta, executive director of the bank account of the great achievements PV Sindhu and Srikanth's name is familiar to every household. The inclusion of both the board of the bank is very excited and optimistic for the future is a strong relationship and fruitful collaboration.
According to Srikanth generous support of Bank of Baroda for young budding players in the game on the world stage will improve the country's record.

Bank of Baroda:

Baroda Maharaja Sayajirao Gaikvadh third set July 20, 1908 the Bank of Baroda Indian State of Gujarat.
The Bank's other 13 major commercial banks, 19 July 1969, was nationalized by the Government.
Bank of Baroda, India's public sector bank.
SBI and Punjab National Bank is the third largest bank in the region.
Bank of Baroda Baroda has total assets of Rs 1785 billion. Bank of Baroda has 3,000 branches and offices of the mechanism.
Almost a thousand ATMs.
Its banking services ranging from banking and financial services is to provide services to companies and retailers.

 

Ajay Kumar Bhalla appointed Director General of Foreign Trade

The government of the Indian Administrative Service officer Ajay Kumar Bhalla, Director General of Foreign Trade (DGFT) has appointed. His appointment has been made by order of the Department of Personnel and Training.
Assam-Meghalaya cadre IAS officer of 1984 Bhalla currently Additional Secretary of the Ministry of Commerce. Anup Wadhawan has been appointed in place. Additional Secretary in the Ministry of Commerce has made Mr. Wadhawan.

Ajay Kumar Bhalla about:

• In the center of many important positions including Meghalaya government has already given his services.
• the Ministry of Steel, MMTC, government and government PSUs including Eastern Coalfields long service experience.
• Bhalla from Delhi attended college.
• the service of the government encouraged development projects.

The Directorate General of Foreign Trade (DGFT) about:

• The Directorate General of Foreign Trade (DGFT) is an attached office of the Ministry of Commerce and Industry, and is headed by Director General of Foreign Trade.
• responsibility with the main objective to promote the export of Indian foreign trade policy is designed to apply.
• It also gives the right to export to exporters and monitors their obligations. Indore extension counters it with a network of 36 regional offices.

 

The Union Cabinet approved a new ethanol policy

The Cabinet also revised the prices of sugar cane-based ethanol, the new law is approved. After the cabinet decision ethanol price at Rs 42 per liter from Rs 39 per liter will be. The use of ethanol in gasoline mixtures as is. The government's move toward free market framework increases. The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi.
 
According to rules set by the government, the oil companies to blend ethanol into gasoline is essentially 10 percent. Oil Minister Dharmendra Pradhan price of ethanol, according to the value of the sugar in the open market and will be fixed on the basis of the demand-supply situation.

Key Facts:

Oil marketing companies charge as decided in the case of excise duty, VAT or GST, and transportation will be paid to ethanol suppliers.
Current economic conditions and other relevant factors, the price of ethanol will be reviewed appropriately. At any time during the term ethanol supply price will be revised by the government.
Ethanol, ethanol suppliers for price revision of price stability and the government will facilitate in providing remunerative prices.

Ethanol Blended Petrol (EBP) Programme:

The central government in 2003 to promote the use of alternative and environment friendly fuel ethanol blended petrol (EBP) program launched.
The program also needs energy to reduce dependence on imports sought.
The decision to increase the supply of ethanol
. Which included government tax and transportation charges.

The effect of the decision:

This decision will help improve the supply of ethanol.
67.4 million liters in 2014-15 to increase the supply of ethanol.
Supplies for 2015-16 is estimated at around 120 million liters of ethanol.
Committee (CCEA) Other decisions
AIIMS Cabinet also approved Reedevlpment residential colony. The project has to NBCC.
The total cost of the project is Rs 4441 crore. Which includes 30 years of maintenance costs.
AIIMS residential colony would be built on the basis of self-financing.
The government will not pay for it but the cost of the project will be removed from the sale of commercial space.

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