Daily Dose of GK : 12th October, 2015

Daily Dose of  GK : 12th October, 2015

1.Mission Abaas launched in Odisha to provide affordable houses to urban poor.

The Odisha Government on 11 October 2015 launched Mission Abaas, state’s urban housing mission, to provide affordable houses to Economically Weaker Sections (EWS), Low Income Groups (LIG) and slum dwellers. The scheme aims at fulfilling the promise of protection and welfare of slum dwellers by providing affordable housing along with basic amenities such as piped water supply, electricity, concrete roads, drainage and community centre. As notified in August 2015, Abaas will be the nodal agency to execute the Policy for Housing for All in Urban areas.

2. K P Sharma Oli of CPN-UML elected as the new Prime Minister of Nepal.

Khadga Prasad Sharma Oli of Communist Party of Nepal (Unified Marxist-Leninist)-CPN-UML was elected as new Prime Minister of Nepal. With this victory, he became first Prime Minister of Nepal under the newly adopted secular, republic and federal Constitution of Himalayan country. It was adopted in 20 September 2015. Born on 22 February 1952 in Terhathum District of Nepal. Commonly known as K P Oli. Earlier had served as Nepal’s Deputy Prime Minister and Minister for Foreign Affairs in the Girija Prasad Koirala-led interim government formed in 2006.

3. YES Bank gets RBI nod for mutual fund, AMC and Trustee Company.

Private sector lender YES Bank on Monday said it has got the RBI's approval to set up a mutual fund, asset management company (AMC) and a trustee company. In a regulatory filing, YES Bank said it "has received an approval from the RBI to sponsor a mutual fund, and to set up an asset management company and a trustee company."Asset management companies and trustee companies will be wholly owned subsidiaries of YES Bank.

4. The 2015 Nobel Prize in Economics awarded to Angus Deaton

Angus Deaton, a British economist, has won the 2015 Nobel Prize in Economics “for his analysis of consumption, poverty, and welfare.”By linking detailed individual choices and aggregate outcomes, his research has helped transform the fields of microeconomics, macroeconomics, and development economics,” the Royal Swedish Academy of Sciences said.

Angus Deaton is a professor in the Economics Department at Princeton University, where he looks at the determinants of health in rich and poor countries, as well as on the measurement of poverty in India and around the world.

The award was established by Sweden’s central bank, Sveriges Riksbank, in 1968 in memory of Alfred Nobel.