Current Affairs – October, 2016

Latest Current Affairs October, 2016 with Current Affairs, news summary on current events of National and International importance of October, 2016 for Banking, SSC, CLAT, UPSC, State PCS, IBPS, Railways and other Competitive Examinations.

PDF Compilation of these updates can be downloaded from This Link

PM Narendra Modi inaugurates first National Tribal Carnival

Prime Minister Narendra Modi inaugurated the first National Tribal Carnival in New Delhi to promote a sense of inclusiveness among the tribals.

The main purpose of this four-day carnival is to promote a sense of inclusiveness among the tribals. It will also showcase and promote various facets of tribal culture on a large scale.

Key Facts

  • In this carnival around 1,600 tribal artists and around 8,000 tribal delegates from across the country are taking part.
  • Besides, eminent tribal personalities who have excelled in various fields like arts and culture, literature, sports, academics and medicine will also participate.
  • The idea behind the carnival is to preserve and promote various facets of the tribal life relating to culture, tradition, customs and their skills.
  • Besides it also seeks to expose it to the general public with a view to utilise the potential for overall holistic development of the Scheduled Tribes.
  • The carnival will host activities like displaying documents on traditional socio-culture aspects, exhibition of art/artifacts, cultural performances. It will also demonstration of skills like paintings, traditional healing practices, sports, etc.
  • It will also host workshops on issues like implementation of Panchayats (Extension to the Scheduled Areas) Act, 1996 (PESA), Forest Rights Act (FRA), 2006.

Cyrus Mistry removed as Chairman of Tata Group

The board of India’s largest conglomerate Tata Sons Ltd has removed Cyrus Pallonji Mistry (48) as Chairman. However he will remain a director of the individual companies.

The board has replaced him with his predecessor Ratan Tata as interim chairman for four months. Mistry had shortest tenure as Chairman so far at the group.

Mistry had replaced Ratan Tata as chairman in December 2012. He was only the sixth group Chairman in nearly 15 decades and the first from outside the Tata family to be appointed to top most post of Tata group.

Besides, the board also named a five-member search committee to choose a successor within four months. It has given time of four months to choose a successor.

About Cyrus Pallonji Mistry

  • Cyrus Pallonji Mistry is son of the billionaire Pallonji Shapoorji Mistry.
  • Prior to his appointment as chairman he was deputy chairman of Tata Sons. He had remained the director of Tata Sons since 2006.
  • Billionaire Pallonji Mistry, along with his sons, Shapoor Mistry and Cyrus Mistry are owners of 18.5% stake in Tata group. They are largest shareholders on individual basis of group.
  • He also had served as chairman of Tata Motors, Tata Chemicals, Tata Steel and Tata Global Beverages.