Daily Current Affairs 7 October 2017: Your guide for daily General Knowledge Preparation

Dear Readers,

This post contains important current affairs of 7 October 2017. It includes all Major National, International, Business and Sports related current affairs of 7 October 2017. A brief explanation of every current affair is provided to further enhance your general knowledge. Once you have gone through these current affairs we would recommend to you to try 7 October 2017 Current affairs test.

National News

1. Modi to inaugurate projects in Gujarat

  • PM will inaugurate development projects worth Rs.5,295 crore during his visit to poll-bound Gujarat.
  • He will lay the foundation stone for a greenfield airport located near Rajkot.

2. India to get its first marine police training institute

  • The institute will be set up at Gujarat’s Devbhumi Dwarka district.
  • The police will be trained to provide security within a 5-km boundary along the coastline.

3. Fuel tank burning for 20 hrs

  • A major fire broke out at a fuel tank farm of the Mumbai Port Trust located at Butcher Island off Mumbai coast.
  • The fire that was brought under control reignited because of the excessive heat.

International News

1. Pope denounces gender changing technology

  • Pope Francis denounced the new technologies saying that the advancements are a risk to the creation of new life.

2. Moscow receives 130 fake bomb calls

  • It prompted the evacuation of 1 lakh people.
  • It is believed to be the most massive flurry of fake bomb threats since a wave of bomb hoaxes began in September.

3. US approves sale of THAAD missiles to Saudi

  • The US State Department has approved the sale of missile system worth over $15 billion to Saudi Arabia.
  • The deal includes 44 THAAD launchers and 360 missiles along with five control stations and radars.

Business News

1. Govt reduces GST rates on 27 products and services

  • The govt introduced a 0.1% GST rate for merchant exporters, offering relief from the full-applicable GST rates.
  • GST on products like sliced dried mangoes and services like zari work is reduced from 12% to 5%.

2. Plans to reduce public-sector banks

  • The Centre is planning to bring down public sector banks from 21 to 10-15 by merging some of the banks.
  • The govt revealed that it would take care of bad loan problems before merging the banks.

3. Zee Entertainment acquires 9X Media, INX Music

  • Zee Entertainment has acquired 100% stake in a Rs.160-crore cash deal.
  • 9X Media’s Bollywood news portal SpotboyE will also be a part of this transaction.

Sports News
1. India lose FIFA U-17 World Cup opener

  • India lost against USA with 0-3.
  • India will next face Colombia on Monday.

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