DAILY CURRENT
AFFAIRS: 28TH OCT 2016
(Daily News India)
1. INDIA-SRI LANKA JOINT MILITARY EXERCISE MITRA SHAKTI 2016
BEGINS
i. India-Sri Lanka Joint
Military Exercise ‘MITRA SHAKTI 2016’ started
at Sinha Regimental Centre in Ambepussa, Sri Lanka.
ii. The main focus of this edition of joint exercise is to enhance
inter-operability while carrying out Counter Terrorism and Counter Insurgency operations
under the UN Mandate.
2. PAUL
BEATTY WINS 2016 MAN BOOKER PRIZE
i. Paul
Beatty has won the 2016 Man Booker
Prize.
ii. He
becomes the first US author to win this prestigious literary award.
iii. He was
bestowed with this award for his racial satirical novel ‘The Sellout’ at a
ceremony held in London’s Guildhall.
3.28
OCTOBER OBSERVED AS NATIONAL AYURVEDA DAY
i. The first
National Ayurveda Day was observed on 28 October on the occasion of Dhanwantari
Jayanti.
ii. The
theme for this year is ‘Ayurveda for Prevention and Control of Diabetes‘.
iii.
Ayurveda is the traditional Hindu system of medicine based on the idea of
balance in bodily systems and uses diet, herbal treatment, and yogic
breathing.
4. RBI ALLOWS STARTUPS TO
RAISE $3 MILLION VIA ECBS ANNUALLY
i. The
Reserve Bank of India has permitted
startups to raise external commercial borrowings of up to $3 million in a financial year for
three year tenure .
ii. The new
rules issued by RBI aims at boosting innovation and promoting job creation in
the country.
iii. It will
apply to startups looking to raise foreign borrowings and restrictions on such
funds will be kept minimum.
iv. External
Commercial Borrowings is any money
borrowed from foreign sources for financing the commercial activities in India
are called ECBs.