Current Affairs : September 24, 2011

Perfomax”: Composite herbal formulation by DRDO

• DRDO launched a composite herbal formulation “Perfomax” which assists in ameliorating physical and mental performance at Higher Altitudes and Hypoxic Conditions
  
• The formulation is rich in antioxidants and other bioactive compounds and will assist better the performance of defence people working at elevated altitudes
  
• The new herbal solution helps enhance the performance of brain, heart, kidney and lungs and also improves blood circulation
  

   
   

Shourya missile successfully Test Fired by INDIA

• India effectively test-fired hypersonic missile – Shourya
  
  
• The nuclear able missile was test fired from the launch complex of Integrated Test Range at Chandipore near Balasore off Odisha coast
  
• The hypersonic missile can bear usual warheads up to 1 tonne and can fly at 6-7 times the speed of sound at low altitudes
  
• It is the land-variant of underwater-launched missile K-15 being fitted into nuclear-powered submarine Arihant. K-15 is already under production
  
• It is the second developmental trial of the missile. Shourya was earlier launched successfully on November 12, 2008
  
• The missile will be inducted into the Indian Army soon
  
• The missile’s manoeuvrability makes it less susceptible to the present-day anti-missile defence systems
  

“Martyr of Peace” conferred on Burhanuddin Rabbani

• Title “Martyr of Peace” posthumously conferred on Burhanuddin Rabbani , Former Afghan President and the High Peace Council chief
  
• Afghan President Hamid Karzai declared the same at the funeral ceremony of Burhanuddin Rabbani
  
• Prof. Rabbani, President of Afghanistan from 1992 to 1996, was killed by a suicide bomber
  

   

“Act now and act together: IMF

• Christine Lagarde, IMF chief called for nations to “act now and act together” to keep on the path to economic recovery
  
• Ms Lagarde was giving speech following one more week of instability on the world’s share markets
  

Over the trading loss, UBS Chief resigns

• Oswald Gruebel, The chief executive of Swiss bank UBS resigned over an alleged $ 2.3 bn rogue-trading loss
  
• Gruebel felt that it was his duty to take responsibility for the recent unauthorized trading incident
  
• UBS’ Europe chief Sergio P Ermotti to take over as interim chief executive
  

India Rail Engines to be rented to Pakistan Railway

• Pakistan Railways will rent engines from India
  
• The engines to be rented to Pakistan in order to enhance the Pakistan’s Railway’s performance
  
• In the initial phase some 50 engines will be hired from INDIA