Current Affairs Global - 16 October 2013

1. The World Food Day is being observed across the world today (16th October). The theme for this year is "Sustainable Food Systems for Food Security and Nutrition.- Established by the Food and Agriculture Organization of United Nations in 1979, the World Food Day was first observed in the year 1981. The main objective of the day is to strengthen national and international solidarity in the struggle against hunger, malnutrition and poverty and draw attention to achievements in food security and agricultural development.


2. Eleanor Catton won the 2013 Man Booker prize for English fiction yesterday for her novel "The Luminaries" to become the youngest winner in the award's 45-year history. The 28-year-old New Zealand novelist won the award because her novel is -awesome in its structural complexity; addictive in its story-telling; and magical in its conjuring of a world of greed and gold," as per Chair of judges Robert Macfarlane. Indian-American novelist Jhumpa Lahiri lost the Man Booker Prize for her novel -The Lowland-.


3. The United States has overtaken Saudi Arabia to become the world's biggest oil producer due to the jump in output from shale gas finds in US. According to the latest report by the leading US energy consultancy PIRA, US output, which includes natural gas liquids and biofuels, has gone up to 3.2 million barrels per day since 2009. The United States still lagged both Saudi Arabia and Russia in production of just crude oil by about 3 million barrels per day. They are followed by China, Canada, UAE, Iran, Iraq, Kuwait, and Mexico.


4. Global credit rating agency, Fitch has put the United States on a -watch negative- list citing its failure in raising the debt ceiling in a timely manner. Fitch yesterday said it has placed the United States of America-s -AAA- Long-term foreign and local currency Issuer Default Ratings (IDRs) on Rating Watch Negative (RWN), citing the possibility the Treasury could default on its obligations after October 17 if the ceiling is not raised. The US Treasury Secretary has said that extraordinary measures will be exhausted by October 17, leaving cash reserves of just USD 30 billion.