Daily GK Update: 05th October, 2016 For All The Upcoming Exams

World Teachers’ Day: 5 October
i. The World Teachers’ Day (WTD) 2016 is being observed across the world on 5th October. 
ii. The theme for the World Teachers’ Day 2016 is Valuing Teachers, Improving their Status.

Important Union Cabinet approvals
i. Cabinet approves India-EU MoU on water cooperation
ii. Cabinet approves amendments to HIV/AIDS bill
iii. Cabinet approves setting up of country’s first Medipark
iv. Cabinet approves rural development MoU with African-Asian Rural Development Organisation
v. CCEA gives a nod to the acquisition of 11% stake in Russian oil company.

Tiny machines win chemistry Nobel prize
i. The Nobel Prize in Chemistry for 2016 has been awarded to Jean-Pierre Sauvage, Sir J. Fraser Stoddart and Bernard L. Feringa for developing the molecular machine.
ii. The three scientists will equally share the prize of 8 million Swedish kronor, or about $930,000.

India, Singapore sign three agreements
i. India and Singapore have signed 3 agreements, including two in the area of skill development, following delegation-level talks headed by Prime Minister Narendra Modi and Singapore Premier Lee Hsien Loong. 
ii. A third MoU was signed in the field of industrial property cooperation.

IMF revises India's economic growth upwards to 7.6% for FY17 and 18
i. The International Monetary Fund has raised projections for India's economic growth by 0.2 percentage points to 7.6% for 2016-17 and 2017-18.
ii. The International Monetary Fund is an international organization headquartered in Washington, D.C.

Sushil Chandra appointed CBDT Chairman
i. The Government has appointed Indian Revenue Service officer Sushil Chandra as the next chairman of the Central Board of Direct Taxes.ii. He will take over from the current CBDT Chairperson Rani Singh Nair, who will retire on October 31. Chandra is currently posted as Member, CBDT.

Powerful typhoon Chaba to hit Japan
i. Powerful typhoon Chaba barrelled toward Japan after it hit a South Korean resort island causing flight cancellations and flooding streets.

Mohan Reddy appointed Hon. Consul of Germany
i. Germany has appointed former Nasscom Chairman B V R Mohan Reddy as an Honourary Consul of that country in Hyderabad. 
ii. Mohan Reddy will be the Consul for Germany in Telangana and Hyderabad.