Current Affairs& GK for Banking/SSC Exams- 11th October 2016

Dear Readers, we are presenting Daily Current Affairs for All Exams- 11th October 2016.

 Daily Current Affairs
Current Affairs& GK for Banking/SSC Exams

1. Telangana to have 21 new districts from today
1. A little over two years after its formation, Telangana is in for a major revamp of its revenue administration. Beginning Dasara Day today, the number of districts in the state goes up to 31 from 10.
2. All the ministers have been asked to be present at the headquarters of the 21 newly formed districts.
3. Chief Minister K Chandrasekhara Rao, who has been toying with the idea of creating more districts, will himself be present at Siddipet, which has been severed from Medak district.
4. The final list has been drawn up following a six-month long hectic exercise that witnessed several additions and deletions to the final list. The original plan was to create about 17 more districts but the government was forced to add four more -- Gadwal, Janagaon, Sircilla and Asifabad -- following strong agitations there.

2. Socialite, philanthropist Parmeshwar Godrej dead
1. Well-known Indian socialite and philanthropist Parmeshwar Godrej, wife of Godrej Group Chairman Adi Godrej, passed away.
2. Parmeshwar was renowned for her work in combating AIDS through the Heroes Project which she launched in 2004 along with Hollywood actor Richard Gere and supported by the Bill & Melinda Gates Foundation and the Clinton Global Initiative.

3. India donates Rs. 9.3 million to Mandela Foundation
1. India today donated Rs. 9.3 million (ZAR 2 million) to the Nelson Mandela Foundation to help it in its welfare work for the people of South Africa.
2. Announcing the donation at the offices of the Foundation here, Indian High Commissioner Ruchi Ghanashyam said the donation was a direct result of the recent visit by Prime Minister Narendra Modi.
3. The Nelson Mandela Foundation was established in 1999 after the then President Nelson Mandela stepped down as the President of South Africa.

4. ONGC signs pact to buy stake in KG basin
1. State-owned Oil and Natural Gas Corp (ONGC) has signed a preliminary agreement to take an operating stake in Gujarat government firm GSPC’s KG basin gas block.
2. The pact, signed last week, has a dispute resolution mechanism set out wherein any differences over issues like valuation or natural gas reserves would be referred to a three-member committee of outside experts.
3. Gujarat State Petroleum Corp (GPSC) is keen to get ONGC on board to help tide over its difficulties in producing gas from the Deen Dayal fields, which a decade back were touted as the biggest discovery in India.