Current Affairs Today October 4 2017

Current affairs today October 4 2017 resenting all updates. current affairs of October 4 section is to help you to get high marks in competitive exams you are going to attempt.

Zafar Mahmood Abbasi will be new Chief of the Naval Staff of Pakistan

Vice of Pakistan Navy Admiral Zafar Mahmood Abbasi is going to become new Chief of the Naval Staff of Pakistan. Mahmood Abbasi will succeed Admiral Mohammad Zakaullah. The promotion of Zafar Mahmood Abbasi was approved on Tuesday by President of Pakistan Mamnoon Hussain. Mohammad Zakaullah is going to complete his tenure on 6 October 2017.

HSBC Fined by US for $175m for ‘unsound’ FX trading

US Federal Reserve has put a fine on HSBC for doing “unsafe and unsound practices” for foreign exchange trading business. US $175m is amount of fine imposed on HSBC by US Federal Reserve.

As per the statements issued by the Fed, Fed has said that bank didn’t stop its traders from misusing secret information of the customers and for telling competitors about their own trading positions.

Turtle sanctuary to be established at Allahabad

A Turtle sanctuary will be established at Allahabad at River Biodiversity Park at Sangam. The approval to establish Turtle sanctuary was given by Union Ministry of Water Resources. The purpose to establish is to save the rich aquatic biodiversity of river Ganga from escalating anthropogenic pressures.

Kandla Port Will Be Renamed as Deendayal Port

Kandla Port will be getting a new name soon. Government approved that the Kandla Port will be renamed to Deendayal Port to honour Pandit Deendayal Upadhyay and to remember his great contribution

Satya Pal Malik – New Governor of Bihar

Bihar got its new Governor as Satya Pal Malik has sworn in as the new Governor of Bihar state.  Oath of office to him was administered by Rajendra Menon – Chief Justice of Patna High Court in the presence of Chief minister Nitish kumar and Deputy Chief Minister Sushil Kumar.

Repo rate Kept unchanged at 6% By RBI

In its fourth bi monthly policy review in financial year 2017-2018, RBI has kept Repo rate unchanged at 6% under liquidity adjustment facility.

Here are the RBI Policy rates:

Repo rate: 6%

Reverse Repo Rate:5.75%

Marginal Standing Facility (MSF) Rate:6.25%

Bank Rate: 6.25%
Cash Reserve Ratio (CRR): 4%

Statutory Liquidity Ratio (SLR): 20%…

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