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Weekly Current Affairs October 2018: 1st week

Published on October 09, 2018

Banking and Financial Awareness:

  • Reserve Bank of India (RBI) has allowed state-owned oil companies to borrow long-term working capital from overseas up to 10 billion US dollar.
    Weekly Current Affairs October 2018: 1st week
  • Small Industries Development Bank of India (SIDBI), had launched Udyam Abhilasha, a National Level Entrepreneurship Awareness Campaign, in 115 Aspirational Districts identified by NITI Aayog.
  • State Bank of India has slashed the daily withdrawal limit on its classic debit card from Rs 40,000 to Rs 20,000 effective from October 31st 2018.


  • World Federation of Exchanges (WFE) Appoints Vikram Limaye as Chairman of Working Committee.
  • Sanjay Verma Appointed India’s Ambassador to Spain.
  • Ranjan Gogoi has sworn-in as 46th Chief Justice of India.
  • Rangachari Sridharan Appointed Chairperson of National Financial Reporting Authority (NFRA).
  • Gita Gopinath, India-born Harvard University professor has been appointed as the Chief Economist of the International Monetary Fund (IMF)

Honour, Awards and Ranks

Winners of Nobel Prize

Winner Field description
Denis Mukwege (Congo) and Nadia Murad (Iraq) Peace efforts to end the use of sexual violence as a weapon of war and armed conflict
James P Allison (USA) and Tasaku Honjo (Japan) Physiology or Medicine discovery of cancer therapy by inhibition of negative immune regulation

  • William D. Nordhaus (USA)
  • Paul M. Romer (USA)
Economic Sciences
  • integrating climate change into long-run macroeconomic analysis
  • integrating technological innovations into long-run macroeconomic analysis.
Arthur Ashkin (USA), Gerard Mourou (France)
and Donna Strickland (Canada)
Physics for ground-breaking inventions in the field of laser physics
(a) one half to Frances H. Arnold (USA)
(b) other half jointly to George P. Smith (USA) and Sir Gregory P. Winter (UK)
Chemistry (a) for the directed evolution of enzymes
(b) for the phage display of peptides and antibodies
  • Employees’ State Insurance Corporation (ESIC) has won the ‘ISSA Good Practice Award’ for Administrative Solution for Coverage Extension at the “Regional Social Security Forum for Asia and the Pacific.


  • Renowned harmonium player Pandit Tulsidas Borkar passed away

Important Dates

  • Air Force Day- 8th October
  • World Teachers' Day- 5th October, theme for this year's WTD is “The right to education means the right to a qualified teacher,”
  • World Animal Day – 4th October
  • World Habitat Day 2018 – 1st October
  • International Coffee Day – 1st October, theme 'Women in Coffee'.

MOU’s, Agreement and Summits

  • Indian Railways Signed Agreements with Government of Russian Federation for development of cooperation in transport education.
  • For coherent implementation of the environmental dimension of sustainable development, Confederation of Indian Industry (CII) signed an MoU with the UN Environment.
  • For promoting innovative cooperation between students of India and Russia, an MoU was exchanged between India’s Atal Innovation Mission (AIM) and the Russian Federation’s SIRIUS Educational Foundation
  • To finance the upgrade of 2,800 kilometers all-weather rural roads in the State of Madhya Pradesh, the government of India and Asian Development Bank (ADB) signed a $110 million loan under the Prime Minister's Rural Roads Program (PMGSY).
    • MoUs signed Between India and Russia
    • in the field of Human Spaceflight Programme.
    • for Prioritization and Implementation of Cooperation Areas in the Nuclear Field.
    • Cooperation in the field of Micro, Small and Medium Enterprises.
    • Cooperation Agreement in the Fertilizers Sector
    • on Bilateral Cooperation in the Road Transport and Road Industry
  • To Boost Defence and Military-Technical Cooperation, India and Kazakhstan signed an Agreement.
  • To establish a Global Skills Park (GSP) in Madhya Pradesh, Asian Development Bank (ADB) and the Government of India signed a $150 million Loan Agreement in New Delhi.
  • for providing safe and sustainable drinking water to about 1.65 million people in three districts of the state of West Bengal affected by arsenic, fluoride, and salinity, the government of India and the Asian Development Bank (ADB) signed $240 million loan.

Important news – world

  • Aung San Suu Kyi, Myanmar leader became the first person to be stripped of the honorary Canadian citizenship for her role in gross human rights violations against the Rohingya people. 
  • Canada agreed to sign a trade deal with the United States and Mexico, revamping the North American Free Trade Agreement (NAFTA), the new deal named as the United States-Mexico-Canada Agreement (USMCA).
  • To disseminate authentic information about AYUSH system of medicine and encourage Ayurveda practice in Romania, Ministry of AYUSH has set up an AYUSH Information Cell at the premises of the Indian Embassy in Romania.

Important News- India

  • To develop an action plan to address skills gaps in India and make Indian workforce ready for jobs of future, Union Ministry of Skill Development and Entrepreneurship has launched the "Closing the Skills Gap Task Force" in India in collaboration with World Economic (WEF).
  • Union Ministry of Civil Aviation has released a policy on biometric based digital processing of passengers at airports called Digi Yatra, operational by the end of February, 2019 at Bengaluru and Hyderabad airports.
  • 4th India International Science Festival-2018 held in Lucknow, theme is "Science for Transformation".
  • National Dolphin Research Centre (NDRC) will be set up on the banks of the Ganga river in Patna, Bihar.
  • To provide assistance to earthquake and tsunami victims in Indonesia, India has launched a massive humanitarian operation "Samudra Maitri".
  • Chennai based Geographical Indication Registry and Intellectual Property India has granted Alphonso Mango, better known as 'Hapus' in Maharashtra from 5 districts of Maharashtra- Geographical Indication (GI) tag.
  • Kolkata Municipal Corporation (KMC) launched India’s first comprehensive city-level a Flood Forecasting and Early Warning System (FFEWS) for Kolkata City, Asian Development Bank (ADB) funded $1 million technical assistance to KMC.
  • 36th National Games will be held in Goa next year from March 30 to April 14.
  • India's 1st 'Methanol Cooking Fuel Program' Launched In Assam, inaugurated by Dr V K Saraswat, Member, NITI Aayog and Chairman at Namrup.
  • Country's biggest skill competition, India Skills 2018 has concluded in New Delhi and the winners were awarded by Minister of State for Skill Development and Entrepreneurship Anant Kumar Hegde.
  • For providing financial assistance to the children of the construction workers for their technical education, Odisha Chief Minister Naveen Patnaik launched 'Nirman Kusuma' programme.
  • To help entrepreneurs from SC/ST Communities, Karnataka Government has unveiled 'Unnati Scheme'.
  • To examine modalities for revenue mobilisation in case of natural calamities and disasters, Government constituted a seven-member ministerial panel headed by Bihar Deputy Chief Minister Sushil Modi 


  • sixth edition of IBSAMAR, a joint Multi-National Maritime Exercise between the Indian, Brazilian and South African Navies, is being held at Simons Town, South Africa.

Sports News

  • India’s Keerthana Pandian has won the girls’ title in the IBSF World Under-16 Snooker Championships in St Petersburg, Russia.
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