Current Affairs Update for 16 October

Published on Thursday, October 16, 2014
Current Affairs Updates for today

Business and Economy

  • Kotak Mahindra Bank launched the scheme KayPay, the Facebook based funds transfer platform. The scheme is valid only for Facebook users. 
  • IndiGo, the largest airline company of India signed an agreement with Airbus, the European aircraft to buy 250 planes. 

Awards and Books 

  • Untold Story of the Indian Public Sector, a book written by Dr. U.D. Choubey, released by the Vice-President of India M. Hamid Ansari. 


  • On 15th October 2014, Global Hand-washing Day observed in all over the World under the theme of ‘Clean Hands Save Lives’. 
  • Raghuram Rajan conferred with the Best Central Bank Governor Award. Earlier in the year 2003, Raghuram Rajan also awarded with Fischer Black Prize for the best finance researcher. 
  • Prime Minister of India Shri Narendra Modi will launch ‘Pt. Deendayal Upadhyay Shramav Jayate Karyakaram’ which is organized by the Ministry of Labour. 

Science and Technology

  • Indian Regional Navigational Satellite System-1C (IRNSS-1C) launched by Indian Space Research Organization (ISRO) on 16th October 2014 at Satish Dhawan Space Centre, Sriharikota from the rocket of Polar Satellite Launch Vehicle-C26 (PSLV-C26).

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