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Current Affairs for IAS Exams – 26 October 2015

:: National ::

A government panel has recommended revisiting the Companies Act, granting more bank licences and ushering in labour reforms to promote innovation and entrepreneurship.
A report of a high-powered expert committee under Niti Aayog said the Companies Act should be so amended to ensure that regulation of listed companies is left in the hands of stock exchanges and market regulator Sebi.
To improve access to capital for entrepreneurs, the panel has favoured granting more bank licences, deepening the corporate bond market, giving a level playing field for offshore and onshore private equity and venture capital, and a stable and transparent regulatory and taxation regime.

As Morocco’s King Mohammed VI became the first Head of State to arrive on Sunday for the four-day India-Africa Forum Summit, Prime Minister Narendra Modi said it was for the first time that India was hosting an event of such huge scale.
“From Oct 26 to 29, India Africa Forum Summit is being held here. On Indian soil, it is for the first time that an event of such a big scale is being held.
Leaders of 54 African countries have been invited. Outside Africa, this is the biggest convention,” he said during his monthly radio programme ‘Mann Ki Baat’
Taking about the historic ties between India and Africa, he said: “It is said that thousands of years ago, this (India and Africa) was a single land mass.
Later, due to the Indian Ocean, it split into two… There are a lot of similarities between us… Around 27 lakh Indians have been living in Africa for a long time.”
He said while India and Africa had economic and political ties, the most notable factor of the relationship was education provided by India to African youth. Over 25,000 African students have got education in India, he said.

West Indies Women trounced Pakistan Women by six wickets in the final one-day international cricket match on Saturday night to clinch the four-match series 3-1 and join Australia at the top of the International Cricket Council (ICC) Women's Championship.
Chasing a modest 183 for victory at the Beausejour Cricket Stadium, the hosts cantered home in the 43rd over with their inspirational captain, Stafanie Taylor, stroking an attractive unbeaten 87 from 107 deliveries, to pick up the Player-of-the-Match award.
The win was the Windies Women's third on the trot after losing the opening game two Fridays ago and more importantly, saw them sweep the contests designated as ICC Championship games and grab the six vital points required to move to the top of the points table alongside the Aussies on 16 points.
A qualifying tournament for the 2017 Women's World Cup, the top four sides from the Championship will gain automatic qualification for the event scheduled for England.