September 2018 Current Affairs Study Material
September 2018 Current Affairs Study Material
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INTERNATIONAL
$57.1 Billion loan disbursed to Argentina as the Biggest Loan in
IMF’s History The
International Monetary Fund staff and Argentina authorities have reached an
agreement on a 36-month Stand-By Arrangement (SBA) totaling to US$57.1 billion
through 2021 approved.
Nelson Mandela statue to be unveiled at UN headquarters A statue of Nelson
Mandela was unveiled at the UN headquarters to honour the South African
President’s 100th birth anniversary. A high-level meeting, the Mandala Peace
Summit, was scheduled at the UN for world leaders to renew their commitment to
global peace, conflict prevention, peacebuilding, promotion and protection of
human rights and long-term development initiatives.
Ibrahim Mohamed Solih won presidential election in Maldives Opposition leader
Ibrahim Mohamed Solih won the Maldives’ presidential election, a surprise defeat
for President Abdulla Yameen. Results released by the Elections Commission
showed Solih had secured 58.3% of the popular vote.
Germany launches world’s first hydrogen-powered train European railway
manufacturer Alstom has launched world’s first hydrogen fuel cell train.French
company said that the CoradiaiLint used fuel cells that turn hydrogen and
oxygen into electricity. In terms of speed, the new train can travel up to 140
kilometers per hour.
Nawaz Sharif & daughter released from Pakistan prison Pakistan’s former
Prime Minister Nawaz Sharif has been released from prison, two months after he
began a 10-year jail sentence for corruption. The release came hours after a
court suspended the sentences of Sharif and his daughter Maryam, who were
jailed shortly before July’s general election.
Moutaz Mousa Abdallah becomes Sudan’s new PM Moutaz Mousa Abdallah
has become the Sudan’s new Prime Minister. A 21-member cabinet was sworn in at
the presidential palace in Khartoum. He is also holding the finance portfolio
in a bid to revive the country’s ailing economy.
India ranks 130 in UN’s human development index India climbed one
spot to 130 among 189 countries in the latest human development index released
by the United Nations Development Programme. Within South Asia, India’s human
development index (HDI) value is above the average of 0.638 for the region,
with Bangladesh and Pakistan, countries with similar population size, being
ranked 136 and 150 respectively.
INDO-MONGOLIA joint exercise Nomadic Elephant-2018 Indo-Mongolia joint
exercise Nomadic Elephant-2018, commenced at Mongolian Armed Forces (MAF) Five
Hills Training Area, Ullanbaatar, Mongolia with a brief but impressive opening
ceremony. Exercise Nomadic Elephant is an annual, bilateral exercise since 2006
which is designed to strengthen the partnership between Indian Army and
Mongolian Armed Forces.
Arif Alvi elected Pakistan’s new President Pakistan
Tehreek-e-Insaf (PTI) candidate Arif-ur-Rehman Alvi was elected as the 13th
President of Pakistan, the result data from the Election Commission of Pakistan
(ECP) confirmed. The elections were held simultaneously at the Parliament House
and the four provincial assemblies, with 27 of the total votes cast being
annulled.
INDIA
& WORLD
India ranks 158th among 195 countries in health care investment India ranks 158th in
the world for its investments in education and healthcare, a survey of 195
countries has revealed. It ranks below countries like Sudan, Azerbaijan, China
and Bosnia Herzegovina. According to the survey, Finland tops the list of 195
countries in the two key sectors.
India ranks 3rd in family-owned businesses India rank 3rd
globally in terms of number of family-owned companies according to ‘Credit
Suisse Family 1000 in 2018’ report. The rating agency analysed over 1,000
family-owned, publicly-listed companies, and compared their 10-year
performance. India has a total of 111 companies with $839 bn total market
capitalisation. India closely follows China (159 companies) and the US (121
companies).
Iraq pipped Saudi Arabia as top oil supplier to India in August
2018 According
to Reuters, Iraq has replaced Saudi Arabia as India’s largest oil suppliers in
August 2018. Iran remained the third biggest oil suppliers to India in August
2018. Overall India;s monthly oil imports in August rose 3.1 percent.
87th Izmir International trade show India is the partner
Country in the 87th Izmir International Trade show was held in Turkey. In this
Turkey’s first, oldest and most comprehensive general trade fair, India was
also launch a mega business pavilion ‘source India’, hosting 75 Indian
Companies with the aim of tie ups in order to increase India’s exports to
Turkey and other neighbouring countries.
India and US hold 2 + 2 dialogue Minister of External
Affairs Sushma Swaraj and Minister of Defence Nirmala Sitharaman welcomed
Secretary of State Michael R. Pompeo and Secretary of Defense James N. Mattis
to India for the inaugural India-U.S. Ministerial 2+2 Dialogue.
India along with 23 other Nations participates in Tsunami Mock
Drill India
along with 23 other nations participated in a major Indian ocean-wide tsunami
mock drill which will involve evacuation of thousands of people from coastal
areas in over half a dozen coastal states. The exercise, known as ‘IOWave18′,
is being organised by the Intergovernmental Oceanographic Commission (IOC) of
UNESCO.
NATIONAL
Finland topped in ‘Human Capital’ score, India ranked 158th India ranks 158th in
the world for its investments in education and health care, according to the
first-ever scientific study ranking countries for their levels of human
capital. The nation is placed behind Sudan (ranked 157th) and ahead of Namibia
(ranked 159th) in the list.
Aadhaar linking must for PAN & filing income tax returns The Supreme Court
said that linking Aadhaar with bank accounts and mobile phone numbers is not
mandatory, but a must for Permanent Account Number (PAN). It pronounced a
landmark verdict on Aadhaar Card and said that Aadhaar identification is
unparalleled and it empowers the marginalised sections of the society.
Hyderabad Metro becomes India’s 2nd largest metro rail network After Andhra Pradesh
and Telangana Governor ESL Narasimhan flagged off the 16-km stretch of
Hyderabad Metro between Ameerpet and L B Nagar, Hyderabad Metro became the
second biggest rail network in India with a total of 46 km service, next only
to Delhi.
271 mn Indians moved out of poverty: UN Over 270 million
people in India moved out of poverty in the decade since 2005-06. It is
according to the 2018 global Multidimensional Poverty Index released by United
Nations. The Report stated that India’s poverty rate came down to 27.5% from
54.7% during the period.
India Signs Financing Loan Agreement with World Bank for UKWDP A Loan Agreement for
IBRD Credit of US$74 million equivalent for the Uttrakhand Workforce
Development Project (UKWDP) was signed between India and the World Bank. The
Project objective is to improve the quality and relevance of training at
priority Industrial Training Institutes (ITIs) and to increase the number of
labor-market-relevant workers through short-term training in Uttrakhand.
Hyderabad gets India’s first dog park Hyderabad is set to
get country’s first exclusive dog park. The park, which is spread over in 1.3
acres, has been developed by the Greater Hyderabad Municipal Corporation at
cost of Rs. 1.1 crore. The park also has dog training and exercise equipments.
Unemployment to stay at 3.5% in India The International
Labour Organisation (ILO) has predicted that India’s unemployment rate in 2018
will stay at 3.5 per while China’s would edge up from 4.7 per cent to 4.8 per
cent. However, a worrying 77 per cent of employment in India would remain “vulnerable”
against just 33 per cent in China.
Govt approves 100% electrification of Railways by 2021-22 The Union cabinet
approved a proposal for the complete electrification of Indian Railways by
2021-22, reducing dependence on imported fossil fuel and saving revenue for the
national carrier. The move will cost the government Rs12,134 crore. The
announcement was made by the Railways Minister, Mr Piyush Goyal.
India ranks 19th in ‘Theft Ranking’ India stands 19th in
the ‘Theft Ranking’ for countries with weapons-usable nuclear materials,
according to the Nuclear Security Index. The index was released by the US-based
Nuclear Threat Initiative (NTI), which is co-chaired by Sam Nunn and Ernest
Moni.
TCS crosses Rs 8 lakh crore in valuation Tata Consultancy
Services (TCS) became the second Indian company to attain a market valuation of
over Rs 8 lakh crore mark following surge in its share price. Earlier on August
23, 2018, Reliance Industries became the first Indian company to cross the Rs 8
lakh crore market capitalisation mark.
Mumbai airport renamed as Chhatrapati Shivaji ‘Maharaj’
International Airport Nearly
two years after a resolution was passed in the Maharashtra Assembly,
Chhatrapati Shivaji International Airport has finally been rechristened as
Chhatrapati Shivaji ‘Maharaj’ International Airport.
IWAI makes India’s 1st standardised modern ship design Inland Waterways
Authority of India (IWAI) made public 13 standardised state-of-the-art ship
designs suitable for large barge haulage on river Ganga (National Waterway-1).
This marks attaining a critical milestone in the growth of the country’s Inland
Water Transport (IWT) sector.
STATES
UP scored 1st place in Implementation of PMAY Uttar Pradesh Chief
Minister Yogi Adityanath announced that the state has scored the first position
in implementation of Pradhan Mantri Awas Yojana (PMAY) by providing houses to
11 lakh poor families.
AP, Odisha & MP are 3 Best Performing States in Ease of
Living Index Andhra
Pradesh has topped the charts among States in terms of ‘Ease of Living Index’
rankings launched by the Ministry of Housing and Urban Affairs (MoHUA). It was
followed by Odisha and Madhya Pradesh. The three States were awarded best
performing States at the National Dissemination Workshop on Ease of Living
Index, 2018.
Maharashtra Government to set up new Cyber University Maharashtra
Government is setting up new Cyber University dedicated to mitigating cyber
threats. It will train 3,000 professionals to fight online space cyber-attacks,
internet crimes and conduct cyber forensics.
Uttarakhand ranked best among states in PMGSY Uttarakhand has been
ranked the best among states in the country for the construction of maximum
number of roads under the PMGSY during 2017-2018. The state constructed a
maximum of 1,839 kilometre roads under the Pradhan Mantri Gram Sadak Yojana
against a target of 1,500 km set for the year 2017-18.
TN Government bans manufacture and sale of e-cigarettes Tamil Nadu Government
has issued order banning manufacture, sale and possession of Electronic
Nicotine Delivery Systems (ENDS) or e-Cigarettes with immediate effect in the
state. The ban covers distribution, trade, display, marketing, advertisement,
use, import and possession of e-cigarettes as well. The Tamil Nadu government
has already banned chewable tobacco products.
Puducherry bags top position in National Clean School Award Union Territory of
Puducherry has bagged top position in National Clean School Award after seven
schools from Puducherry were awarded for cleanliness. As many as 52 schools
from across the country were bestowed with National Clean School Award in
recognition of their efforts in carrying forward Swachh Bharat Abhiyan.
CONFERENCES
Commerce Ministers of India & Bangladesh Bilateral meeting A bilateral meeting
was held in Dhaka between Commerce Minister of Bangladesh, Tofail Ahmed, MP and
Commerce & Industry and Civil Aviation Minister of India, Suresh Prabhu.
Both Ministers noted the significant progress made in the bilateral
relationship under the leadership of Prime Minister Sheikh Hasina and Prime
Minister Narendra Modi.
21st Central Zonal Council meeting held in Lucknow The 21st Central
Zonal Council meeting was held in Lucknow, capital of Uttar Pradesh. It was
chaired by Union Home Minister r Rajnath Singh. It was attended by Chief
Ministers of Uttar Pradesh, Uttarakhand while representative ministers of
Madhya Pradesh and Chattisgarh.
7th UNWTO Global Summit on Urban Tourism The World Tourism
Organization (UNWTO) is organizing the 7th UNWTO Global Summit on Urban
Tourism: A 2030 Vision for Urban Tourism, in Seoul, Republic of Korea. The
Summit provides a unique platform to discuss the key issues shaping the future
of urban tourism in the context of the 2030 Urban Agenda.
India – Morocco Tourism Bilateral meeting held in New Delhi A bilateral meeting
on Tourism Cooperation between India and Morocco led by the Minister of
Tourism, Air Transport, Handicraft and Social Economy, Kingdom of Morocco, Mr.
Mohamed Sajid and the Minister of State for Tourism (IC), Government of India,
Shri. K. J. Alphons, held in New Delhi.
23rd Meeting of India-Russia Intergovernmental Commission External Affairs
Minister Sushma Swaraj led the Indian delegation at the 23rd meeting of
India-Russia Intergovernmental Commission (IRIGC-TEC) to discuss the expansion
of Russia-India relationship across all sectors. The meeting was chaired by
External Affairs Minister Sushma Swaraj and Russian Deputy Prime Minister Yuri
Borisov.
Regional Conference on Good Governance held in Bhopal Regional Conference
on Good Governance with Focus on Aspirational Districts was held in Bhopal,
capital of Madhya Pradesh. It was organized by Department of Administrative
Reforms and Public Grievances (DAR&PG), Ministry of Personnel, Public
Grievances and Pensions in association with Madhya Pradesh Govt.
WOSA-2018: 4th World Summit on Accreditation The World Summit on
Accreditation (WOSA-2018) was held New Delhi. It was inaugurated by Union
Minister for Human Resource Development (HRD) Prakash Javadekar. WOSA-2018 was
organized by National Board of Accreditation (NBA) with main focus (theme) on
‘Challenges and Opportunities in Outcome Based Accreditation’.
G-20 Labour & Employment Ministers’ meeting Union Minister of
State (Independent Charge) for Labour & Employment Shri Santosh Kumar
Gangwar, led a delegation to Mendoza, Argentina for the G-20 Labour&
Employment Ministers’ Meeting.
G20 Education Ministers’ and Joint Ministerial Meeting The Minister of State
for Human Resource Development, Dr. Satya Pal Singh lead a high level
delegation to the G-20 Education Ministers’ Meeting as well as Joint
Ministerial Meeting held at Mendoza, Argentina. It was the first ever meeting
of Education Ministers in the history of G-20.
31st meeting of Central Hindi Committee concluded 31st meeting of the
Central Hindi Committee was held in New Delhi under the chairmanship of Prime
Minister Shri Narendra Modi. In his address, the Prime Minister congratulated
all the members of the committee for creative and practical suggestions.
International Women Entrepreneurs Summit The International
Women Entrepreneurs Summit 2018 is being held in Kathmandu, Nepal. Vice
President of Nepal Nanda Bahadur Pun inaugurated the summit. He expressed
concern over increasing violence against women and highlighted the need for
public efforts to eliminate it.
International Aviation Summit International Aviation Summit was
held in New Delhi. The seminar has been jointly organised by the Airports
Authority of India, Ministry of Civil Aviation and International Air Transport
Association (IATA). There was an overwhelming response to the summit which was
attended by more than 700 delegates and leaders from global aviation
fraternity.
6th East Asia summit & 15th India-ASEAN Economic Ministers
meeting 6th
East Asia Summit – Economic Ministers meeting EAS-EMM) & 15th India-ASEAN
Economic Ministers Meeting (AEM) was held in Singapore. Commerce & Industry
Minister Suresh Prabhu participated in both the events representing India.
7th Meeting of National Medicinal Plants Board The Seventh meeting
of National Medicinal Plants Board (NMPB) of Ministry of AYUSH was held under
the chairpersonship of Minister of State for AYUSH, Shri Shripad Yesso Naik at
New Delhi. The Board meeting considered various Agenda Items placed before it
for consideration.
ICAR Organizes 2-Day Conference In order to meet the
challenge of providing sustainable livelihoods for a rapidly growing population
and to motivate and attract youth in agriculture, Dr. Trilochan Mohapatra,
Secretary (DARE) & Director General (ICAR), inaugurated a two-day
conference at NASC, New Delhi on Motivating and Attracting Youth in Agriculture
(MAYA).
4th BIMSTEC Summit 2018 The 4th BIMSTEC Summit began in Kathmandu, Nepal. The
two-day Summit will be held with the main focus on countering terrorism,
enhancing regional connectivity and boosting trade. The theme of the summit is
‘Towards a peaceful, prosperous and sustainable Bay of Bengal region’.
AWARDS & HONOURS
Pankaj Kapoor gets ‘Icons of Indian Cinema’ award Actor-director Pankaj
Kapur is honoured with ‘Icons of Indian Cinema’ Award at the closing ceremony
of the ninth edition of Jagran Film Festival in Mumbai. He is a three-time
National Award winner. Pankaj Kapoor’s most acclaimed films were Raakh (1989),
Ek Doctor Ki Maut (1991) Vishal Bhardwaj’s adaptation of Macbeth, Maqbool
(2003), all three films for which he received National Film Awards.
Maharashtra names Raam-Laxman for Lata Mangeshkar award The Maharashtra
government‘s prestigious ‘Lata Mangeshkar Award’ for 2018 will be conferred on
Vijay Patil, of the music director duo Raam-Laxman.The annual award is declared
on the birthday of the legendary singer, Bharat Ratna Lata Mangeshkar.
PV Sindhu only sportsperson in Forbes India’s Maiden List of 22 Badminton player and
Olympian PV Sindhu is the only sportsperson featuring in the Forbes India’s
maiden ‘tycoons of tomorrow’ list of 22 young achievers in the fields of
business, acting and sports.
Indian Origin teen wins Social Progress ‘Oscar’ Goalkeepers Global
Goals Awards also known as Oscar for Social Progress was given to three
individuals. Campaign Award: Amika George Cnangemaker Award: Nadia Murad
Progress Award: Dysmus Kisilu
Modi was awarded Champions of the Earth award Prime Minister
Narendra Modi has been awarded the United Nation’s highest environmental honour
‘Champions of the Earth’ for his leadership of the band pledge to eliminate
single-use plastic by 2022.
Croatia’s Luka Modric wins FIFA’s best player of the year award Luka Modrić, who led
Croatia to their first-ever FIFA World Cup final, won this year’s The Best FIFA
Men’s Player award, finishing ahead of Cristiano Ronaldo and Mo Salah. On the
other hand, Brazilian captain Marta won the award for FIFA Best Women’s Player
of the Year.
Lucknow Metro first from India to get this International award The Lucknow Metro
Rail Corporation (LMRC) has become the first ever metro rail corporation from
India to bag the International ‘Royal Society For The Prevention Of Accidents’
(RoSPA) Award. LMRC has been given the Silver Award for its Phase 1A
(North-South Corridor) in the Project/Infrastructure category for the year
2018.
Village Rockstars: Assamese movie is India’s official entry for
Oscars 2019 Assamese
movie ‘Village Rockstars’ was selected as India’s official entry to the Oscars
2019 (91st Academy Awards) under Foreign Language Film category. It was
selected by 12-member jury of Film Federation of India (FII), led by Kannada
producer-director SV Rajendra Singh Babu from 29 other films.
Anushka Sharma receives Smita Patil Memorial award Actor Anushka Sharma
received the Smita Patil Memorial Award at Priyadarshni Academy 34th
Anniversary Global Awards, in Mumbai. She was presented the award by Union
Minister for Road Transport & Highways, Shipping and Water Resources, River
Development & Ganga Rejuvenation Nitin Gadkari and Union Minister of
Railways and Coal Piyush Goyal.
Delhi airport gets top honour at ASQ Awards 2017 Delhi’s Indira Gandhi
International Airport (IGIA) has bagged the title of Best Airport to handle
over 40 million passengers per annum (MPPA) by the Airport Service Quality
(ASQ) Awards 2017. According to the statement, the Delhi airport is now the
seventh busiest airports in Asia and among the top 20 busiest airports across
the world.
INSV Tarini crew bestowed with Tenzing Norgay award All-women crew of
INSV Tarini has bagged the prestigious Tenzing Norgay National Adventure award
for beating the odds in water with their enduring skills and sailing across the
world for eight long months. The award is the highest national recognition for
outstanding achievements in the field of adventure on land, sea and air.
Dr. Raghupati Singhania conferred with highest civilian honour
of Mexico Dr.
Raghupati Singhania was awarded the ‘Mexican order of the Aztec Eagle’ by Her
Excellency Ms. Melba PrÃa, Ambassador of Mexico to India on the eve of 128th
National Day of Mexico. It is the highest honour given to non-nationals by the
Government of Mexico.
Virat Kohli, Mirabai Chanu recommended for 2018 Khel Ratna award India cricket captain
Virat Kohli and World champion weightlifter Mirabai Chanu were jointly
recommended for this year’s Rajiv Gandhi Khel Ratna award – the country’s
highest sporting honour. If approved by Sports Minister Rajyavardhan Singh
Rathore.
Kerala Tourism wins two Pacific Asia Travel Association gold
awards Kerala
Tourism has won two prestigious gold awards of Pacific Asia Travel Association
(PATA) for its innovative marketing campaigns. These awards were won by Kerala
Tourism’s Yalla Kerala print campaign and Live Inspired Posters under PATA’s
Travel Advertisement Print and Travel Poster categories respectively.
6 Indian airports get international awards Six airports of the
Airports Authority of India have been conferred with seven international
awards. The Airports Council International (ACI) presented the Airport Service
Quality (ASQ) Awards 2017 at Customer Excellence Global Summit at Halifax,
Canada.
‘Shilp Guru’ & National award to Master Craft Persons Union Minister of
Textiles Smriti Zubin Irani presented ‘Shilp Guru’ and National Award to Master
craft persons at a function held at Raipur, the capital of Chhattisgarh. Eight
‘Shilp guru’ and 25 National awards were presented for the year 2016.
Secondary Steel Sector awards given for contribution to National
Economy Ministry
of Steel presented Secondary Steel sector awards for the first time, to 26 mini
steel companies at an event in New Delhi. The mini steel companies were
honoured for their contribution to the national economy. The awards were
presented by Union Minister of Steel, Chaudhary Birender Singh.
Sawai Singh Shekhawat to be honoured with Meera Puruskar Jaipur-based poet and
writer Sawai Singh Shekhawat will be honoured with Meera Puruskar by Rajasthan
Sahitya Academy for his contribution to Hindi literature. President of the
academy Indushekhar Tatpurush informed that Shekhawat was selected for the
Meera award, which is the highest award of the academy.
Manoj Jhalani selected for UNIATF award Shri Manoj Jhalani,
Additional Secretary & Mission Director (NHM), Ministry of Health and
Family Welfare, has been conferred with the prestigious UN Interagency Task
Force (UNIATF) Award for his outstanding contribution towards prevention and
control of non-communicable diseases (NCDs) and related Sustainable Development
Goals.
India-born student Rajalakshmi Nandakumar to get 2018 ‘Young
Scholar’ award Rajalakshmi
Nandakumar, an India-born woman scholar in the US, has been chosen for a
prestigious award for her work to help detect potentially life-threatening
health issues using smartphones. She has been selected for the 2018 Marconi
Society Paul Baran Young Scholar award.
Bibek Debroy conferred ‘Honoris Causa’ by UEM in Kolkata Bibek Debroy,
Chairman, Economic Advisory Council to the Prime Minister, was conferred
‘Honoris Causa’ by the University of Engineering & Management (UEM) in
Kolkata. Bibek Debroy is also the Member of NITI Aayog. Apart from Bibek Debroy
two other corporate leaders were also conferred Honoris Causa.
‘Sarala Puraskar’ for poet Satrughna Pandav Noted Odia poet
Satrughna Pandav will be honoured with the prestigious ‘Sarala Puraskar’ for
his poetry collection ‘Misra Dhrupad’. The ‘Sarala Puraskar’, instituted by
eminent Odia industrialist late Dr Bansidhar Panda and late Ila Panda in 1979
and awarded by the Indian Metals Public Charitable Trust(IMPaCT) will be
presented to Pandav.
Anne Hathaway receive Human Rights award American actress Anne
Hathaway will be honoured with the Human Rights Campaign (HRC) National
Equality Award. The “Bride Wars” actress will receive the award for her
humanitarian work that she has done for the society, especially with women and
the LGBTQ community.
Aishwarya to receive Meryl Streep award for excellence Aishwarya Rai
Bachchan is all set to add another feather to her already loaded cap. The
former Miss World will be bestowed with the inaugural Meryl Streep Award for
Excellence at the first Women in Film and Television (WIFT) India Award.
Shabana Azmi, Nandita Das receive Bharatiya Manavata Vikas
Puraskar Actors
Shabana Azmi and Nandita Das were among 13 others who were awarded the
Bharatiya Manavata Vikas Puraskar for their contribution to the society and
championing the cause of equity, social justice and human welfare.
Mumbai neurosurgeon named for Dr B.C. Roy award Eminent neurosurgeon
Dr B.K. Misra has been named for this year’s prestigious Dr B.C. Roy National
Award as an Eminent Medical Person of the Year.
SPORTS & GAMES
Yuvraj Wadhwani lifts Asian Junior Squash title Yuvraj Wadhwani has
won the 25th Asian junior individual squash championship title. Yuvraj has
become the second Indian to win the Under-13 title after Veer Chotrani, who had
won the title in 2014 in Iran. In the Under 15 section, Arnav Sareen settled
for the runner-up spot. The Pune boy lost to Muhammad Hamza Khan of Pakistan in
the final.
Sharmila
won gold in women’s javelin’s throwRailways athlete Sharmila Kumari produced the first upset in the
58th National Open athletics championships by piping national record holder
Annu Rani to the gold medal in the women’s javelin throw.
Europe retained Laver cup tennis crown Roger Federar and
Alexander Zverev won clutch singles matches as team europe beat team world by
13-8 to retain the Laver cup 2018. In the individual match, Roger Federar
defeated American Jon Isner and Zverev defeated.
Indian women beat Sri Lanka by 51 runs to win T20 Indian women defeated
Sri Lankan women by 51 runs in the fifth and final T20 International and won
the series 4-0 at Katunayake, Sri Lanka.
Sinisuka Ginting & Carolina Marin won China open In Badminton,
Indonesia’s Anthony Sinisuka Ginting beat Japan’s Kento Momota to take the
Men’s singles China Open title in Changzhou. Spain’s Carolina Marin beat
China’s Chen Yufei to take the women’s singles title. The 3rd seed, Momota who
took the Japan Open title on home ground last week, was beaten by world number
13th Ginting.
MS Dhoni overtakes Dravid to become India’s 2nd most capped
cricketer Mahendra
Singh become the second most capped player for India in international cricket
as he played his 505th match for India in the Super Four of Asia Cup 2018
against Pakistan. Before Dhoni, Rahul Dravid was the second most capped player
for India with 504 caps in international cricket.
India settles for silver in Asian Team Snooker Championship in
Doha India
settled for the silver medal after losing to Pakistan 2-3 in the final of the
Asian Team Snooker Championship. Pankaj Advani and Malkeet Singh represented
India while Babar Masih and Mohammad Asif were from the Pakistani side.
India to host the women’s boxing world C’ships The Women’s Boxing
World Championships, to be hosted by India after more than a decade, will be
held from November 2018, in New Delhi. The teams will have to be in the
national capital by November 13, with the competition starting two days later.
The marquee tournament was last held in India in 2006 and remains the best for
the country in terms of performance. India had topped the medal tally with four
gold, three silver and one bronze medal.
Anshu Malik won bronze at the junior World wrestling
championship Anshu
Malik won bronze at the junior World wrestling championship in Trnava,
Slovakia. She beat Russia’s Alina Kazymova by 11-5. Anshu lost her semifinal to
Sae Nanjo of Japan. In the 57kg category, Mansi is to fight for a bronze in the
cham.
Lewis Hamilton won Singapore Grand Prix 2018 Lewis Hamilton won
the Singapore Grand Prix at Marina Bay Street Circuit, in Singapore. Mercedes’
Lewis Hamilton won the 1st position. He was followed by Red Bull’s Max
Verstappen in the 2nd spot. Ferrari’s Sebastian Vettel finished in the 3rd
place. With this victory, Lewis Hamilton has increased his chances of winning
this year’s Formula One World Championship.
Indian Boxers win 3 gold medals Simranjit Kaur
(64kg), Monika (48kg) and Bhagyabati Kachari (81kg) claimed gold medals as
Indian boxers notched up an impressive seven podium finishes at the Ahmet
Comert Tournament in Istanbul, Turkey. Simranjit, a former national medallist,
defeated Turkey’s Sema Caliskan to win the Gold. Bhagyabati was declared the
most scientific boxer of the tournament.
Kenya’s Kipchoge Smashes Marathon world record in Berlin Kenyan Eliud Kipchoge
set a new marathon world record in Berlin (Germany), smashing the previous best
as he clocked 2 hours 1 minute 39 second. Kipchoge has dominated marathon racing
since making his debut in Hamburg in 2013.
India’s 102-year-old female athlete wins gold medal at World
Masters Man
Kaur, a 102-year-old Chandigarh-based athlete, won the 200m race in the 100-104
age group category at the World Masters Athletics Championships in Spain. Last
year, Man Kaur won 100m gold at the World Masters Games at Auckland, New
Zealand. World Masters game is considered as an Olympics for senior citizens.
Udhayveer Singh wins gold in ISSF World Championship Sixteen-year-old
Udhayveer Singh has won an individual Gold Medal in Junior Men’s 25 metre
pistol event in the World Shooting Championships in South Korea. He also
spearheaded India to the team Gold. Singh shot a score of 587 in the individual
competition to grab the Gold ahead American Henry Leverett and Korean Lee
Jaekyoon.
Sardar Singh announces retirement from international hockey Former India Hockey
captain Sardar Singh has announced his retirement from international hockey
after an illustrious career spanning 12 years. The 32-year-old made over 350
international appearances for India and captained the national team for eight
long years from 2008 to 2016.
Murray, Mattek won US mixed doubles title Bethanie Mattek-Sands
and Jamie Murray won the US Open mixed doubles title. For Murray, it was a
second successive mixed title in New York has teamed up with Martina Hingis in
2017. Murray has now won four Grand Slam mixed doubles titles.
Arpinder first Indian to bag medal in IAAF Continental Cup Triple jumper
Arpinder Singh created history by becoming the first Indian to win a medal in
the IAAF Continental Cup as he clinched a bronze. He was representing the
Asia-Pacific team in the meet, held once every four years. No Indian has ever
won a medal in the Continental Cup which was known as the IAAF World Cup before
2010.
India Blue win Duleep Trophy India Blue thrashed defending
champion India Red by an innings and 187 runs in the final to win the Duleep
Trophy. The Duleep Trophy is a domestic first-class cricket competition played
in India. It is named after Kumar Shri Duleepsinhji.
Naomi Osaka beats Serena Williams to win U.S open Naomi Osaka became
the first Japanese woman to win a Grand Slam title after she registered an
emphatic win over Serena Williams in the finals of the U.S Open. Osaka got off
to an aggressive start in the first set, breaking the six-time U.S Open
champion twice.
Novak Djokovic wins men’s title in US open Tennis In the US Open
Tennis, Novak Djokovic of Serbia won the Men’s singles final. He defeated Juan
Martin del Potro of Argentina in straight sets. It was Djokovic’s 14th Grand
Slam title and the third US Open title. With this win, he has equalled Pete
Sampras’s mark of 14 Grand Slams.
Saurabh Chaudhary clinches gold in ISSF World C’ship Sixteen-year-old
shooter Saurabh Chaudhary, who recently bagged gold at Asian Games 2018, broke
his own junior world record to win the 10m Air Pistol Junior Men event at the
ISSF World Championship
Divyansh and Shreya won bronze in shooting Divyansh Singh Panwar
and Shreya Agarwal won bronze medal in the 10m air rifle mixed team junior
event at ISSF World Championships. The Italian pair of Sofia Benetti and Marco
Suppini won gold, while Iran’s Sadeghian Armina and Mohammed Amir Nekounam
claimed the silver in the event. The championship is the first qualifying event
for the 2020 Olympic Games in Tokyo.
RP Singh announces retirement from International Cricket Indian Pacer RP Singh
announced his retirement from International Cricket, exactly 13 years after
making his international debut. The 32-year-old, who was a part of India’s 2007
World T20-winning team, played 82 international matches and picked up over 100
wickets between 2005 and 2011.
England batsman Alastair Cook announces retirement England’s opener
Alastair Cook has announced his retirement from all formats of the cricket. He
will play his latest test against India. He has scored 12,254 runs and made 32
centuries in 160 Tests all England records.
Lewis Hamilton wins Italian Grand Prix Lewis Hamilton won
the Italian Grand Prix held at Autodromo Nazionale Monza track, in Italy.
Mercedes’ Lewis Hamilton finished in the first place and won the Italian Grand
Prix. He was followed Ferrari’s Kimi Raikkonen in the 2nd place.
Japan’s swimmer Ikee named Asian Games’ MVP Japan’s young swimmer
Rikako Ikee was named the 2018 Indonesia Asian Games’ Most Valuable Player
(MVP) after winning 6 gold and 2 silver medals. The 18-year-old Japanese won
the 50m and 100m freestyle, 50m and 100m butterfly as well as the 4x100m
freestyle and medley relays. The teenager is the first female winner of the
award, which has been presented at every Games since the 1998 edition in
Bangkok.
Anjum Moudgil won silver medal in shooting India’s Anjum Moudgil
won silver medal in the women’s 10m air rifle event at the ongoing ISSF
Shooting World Championships in Changwon, South Korea. Apurvi Chandela finished
fourth in the women’s 10m Air Rifle event of the ISSF World Championship. Anjum
and Apurvi became the first Indian shooters to win a quota for the 2020 Tokyo
Olympics.
Asian Games 2018 concludes – complete list of medals India’s final tally
at the 18th Asian Games in Jakarta and Palembang, Indonesia read 69 medals – 15
gold, 24 silver and 30 bronze to surpass the medal count from 2010 Games in
Guangzhou, China and match the gold medal tally from the first-ever Asian Games
in 1951. The games saw India create new national records. Rani Rampal was the
flag bearer at the closing ceremony.
Pranab, Shibnath wins India’s 1st ever bridge gold India’s 60-year-old
Pranab Bardhan and 56-year-old Shibnath Sarkar won the men’s pair bridge event
to bag the country’s first-ever gold in bridge at the Asian Games. The card
game has been featured as a sport at the Asian Games for the first time, in the
2018 edition.
Subramaniam Badrinath retires from all formats of cricket Former India and
Tamil Nadu batsman Subramaniam Badrinath announced his retirement from all
forms of cricket at the Tamil Nadu Cricket Association (TNCA) headquarters, in
Chennai. Subramaniam Badrinath is 38 years old. He had represented India in all
3 formats of cricket.
Asian Games 2018: India finish with 69 medals India finishes 8th
with a final tally of 69 medals – 15 gold, 24 silver and 30 bronze, at Asian
Games 2018. China topped the tally with 289 medals including 132 gold. Japan
finishes second while Republic of Korea secured third place.
Indian women’s hockey team settles for silver India clinched three
medals in sailing on Day 13 of the 18th Asian Games with Varsha Gautham and
Sweta Shervegar winning silver in the 49er FX women’s event, Harshita Tomar
claiming bronze in the Open Laser 4.7 event and Varun Thakkar Ashok and
Chengappa Ganapathy Kelapanda settling for bronze the 49er men’s event.
Jinson Johnson wins gold in men’s 1500m event India’s Jinson
Johnson claimed the gold medal in the men’s 1500m event in the Asian Games 2018
in Jakarta Indonesia. Manjit Singh, 800m champion, however, finished fourth.
ECONOMY
India`s forex reserves up $1.3 bn The country’s foreign
exchange reserves increased by $1.3 billion to $401.790 billion, helped by a
rise in foreign currency assets. In the reporting week, foreign currency
assets, a major component of the overall reserves, increased by $1.257 billion
to $377.412 billion.
India ranks 96th; HK, Singapore retain top spot: Economic
Freedom Index According
to a study named Economic Freedom in the World by Centre for Civil Society
(CCS) along with Canada’s Fraser Institute, India stands at 96th rank out of
162 countries in economic freedom. Among the BRICS nations, Russia and South
Africa are ahead of India at 87th and 94th place and China and Brazil are
behind it at 108th and 144th positions.
India’s economy forecast remains unchanged at 7.3% for 2018: ADB According to the Asia
Development Bank’s (ADB) annual economic publication, the Asian Development
Outlook (ADO) 2018, India’s economy is in an upward trajectory. The GDP
forecast remains unchanged at 7.3 per cent for 2018, and 7.6 per cent for 2019.
Indian economy to grow at 8%: Jaitley Finance Minister Arun
Jaitley said the new insolvency law, indirect tax regime and demonetization
will help drive India’s growth rate and sustain it at 8 per cent. He said the
Insolvency and Bankruptcy Code (IBC), Goods and Services Tax (GST),
demonetization and digital payments had enabled better assessment of financial
capacity and risks.
Fitch raises India’s FY19 GDP growth forecast to 7.8% Fitch Ratings upped
India’s growth forecast for the current fiscal to 7.8% from 7.4% earlier, but
flagged rising oil bill and higher interest rates as key concerns. Fitch, in
its Global Economic Outlook, said it expects inflation to rise to the upper end
of the central bank’s target band on relatively high demand-pull pressures and
rupee depreciation.
India committed to become $5 tn economy by 2025 Vice President M.
Venkaiah Naidu said that India is committed to be a five trillion dollar
economy by 2025 while addressing at the India-Malta Business Forum in Floriana,
Malta.
No withholding tax on interest payment of Masala Bonds The Central Board of
Direct Taxes (CBDT) announced that no withholding tax will apply on interest
payments made by an Indian company or a business trust to a non-resident in
respect of offshore rupee-denominated bonds.
Govt announces measures to check rising Current Account Deficit The government has
announced an array of steps to check the rising Current Account Deficit (CAD),
and the fall in rupee. The steps include removal of withholding tax on
rupee-denominated bonds known as Masala bonds issued till March 2019,
relaxation for Foreign Portfolio Investment (FPI), and curbs on non-essential
imports.
RBI released India’s Foreign Trade: August 2018 India’s overall
exports (Merchandise and Services combined) in April-August 2018-19 (as per the
RBI Press Release) are estimated to be USD 221.83 Billion, exhibiting a
positive growth of 20.70% over the same period last year. Overall imports in
April-August 2018-19 are estimated to be USD 269.54 Billion, exhibiting a
positive growth of 21.01% over the same period last year.
Wholesale inflation drops to four-month low of 4.53% in August Inflation based on
wholesale prices eased to a four-month low of 4.53% in August on softening of
prices of food articles, especially vegetables. The Wholesale Price Index-based
inflation stood at 5.09% in July and 3.24% in August last year.
Current account deficit widens to 2.4% of GDP India’s current
account deficit (CAD) widened to a four-quarter-high at 2.4% of gross domestic
product (GDP) in April-June period on the back of rising crude oil prices, from
1.9% of GDP in the January-March quarter of 2017-18, according to data released
by the Reserve Bank of India (RBI).
Mauritius remains top source of FDI into India in 2017-18 According to Reserve
Bank of India (RBI) data, Mauritius was top source of foreign direct investment
(FDI) into India in 2017-18 followed by Singapore. The total FDI in FY 18 stood
at $37.36 billion in financial year which was marginal rise over $36.31 billion
recorded in the previous fiscal 2016-17.
8.2 percent Growth of GDP in real terms in Q1 of 2018-19 The Central
Statistics Office has released the estimates of GDP for the first quarter (Q1)
of 2018-19. In line with momentum built in the economy, the growth of GDP in
real terms in Q1 of 2018-19 is 8.2 percent, reinforcing the high growth of 7.7
per cent recorded in last quarter of 2017-18.
SCIENCE & TECHNOLOGY
Successful Flight Test of Astra BVR Air-to-Air Missile Astra, the
indigenously developed Beyond Visual Range Air-to-Air Missile (BVRAAM), was
successfully test fired by the Indian Air Force from Su-30 aircraft, from Air
Force Station, Kalaikunda. The missile successfully engaged a manoeuvring
target with high precision meeting the mission objectives.
MOM completed 4 years of its journey ISRO’s Mars Orbiter
Mission (MOM), India’s maiden interplanetary mission, has completed four years
orbiting around the red planet. MOM was launched on November 2013, and it
placed itself into the Martian orbit on September 2014. The designed mission
life of MOM was six months. But it has been sending scientific data for four
years.
India successfully test fires Prithvi Defence vehicle India successfully
conducted an interceptor missile test off the Odisha coast, achieving a major
milestone in developing a two-layer Ballistic Missile Defence system. According
to Defence sources, the interceptor was launched from Abdul Kalam Island of the
Integrated Test Range (ITR).
Dr VR Lalithambika is heading India’s First Human Space Mission The Indian Space
Research Organisation (ISRO) has chosen veteran scientist Dr VR Lalithambika to
head its Gaganyaan mission to put an Indian in space by 2022. The 56-year-old
scientist has 30 years of experience in space missions with ISRO. She was also
a key member of the team responsible for launching 104 satellites in one go in
February 2017.
India successfully test fires short-range Prahaar missile India has
successfully test-fired the indigenously developed surface-to-surface
short-range tactical ballistic missile ‘Prahaar’ from the Odisha coast. The
test launch was successful, as the missile travelled a range of 200 km before
zeroing in on the target, achieving all mission objectives.
DRDO Successfully Flight Tested Tactical Missile ‘Prahar’ Defence Research and
Development Organisation (DRDO) successfully flight tested the indigenously
developed surface-to-surface tactical missile ‘Prahar’, from Launch
Complex-III, ITR, Balasore, Odisha. Range stations and electro-optical systems
tracked the missile throughout its flight.
ISRO launched two U.K. satellites ISRO launched two
U.K. satellites from the first launch pad at the Satish Dhawan Space Centre,
SHAR Sriharikota. The PSLV-C42 lifted off NovaSAR and S1-4, the two satellites
from the United Kingdom. The two satellites were successfully launched in the
desired orbit by ISRO. This was the 12th such launch of a core-alone version of
the PSLV by ISRO.
NASA launches satellite to track Earth’s melting ice In a bid to
understand Earth’s ice sheets, glaciers, sea ice, snow cover and permafrost,
NASA successfully launched its Ice, Cloud and Land Elevation Satellite-2, or
ICESat-2. The satellite with a three-year mission was launched with liftoff
aboard a Delta II rocket from Space Launch Complex-2 at Vandenberg Air Force
Base in California.
IAF carries out first ever mid-air refuelling of Tejas combat
jet Indian
Air Force (IAF) successfully carried out first ever mid-air refuelling of
indigenously developed Light Combat Aircraft (LCA) Tejas MK-1 over Gwalior,
Madhya Pradesh. With this, India joins in elite group of countries which have
successfully developed air-to-air refuelling system for military aircraft.
ISRO unveils space suit for 2022 mission The Indian Space
Research Organisation (ISRO) displayed a space suit for mission ‘Gaganyaan’ at
the 6th edition of Bengaluru Space Expo. The orange-colored prototype space
suit is developed at Vikram Sarabhai Space Centre in Thiruvananthapuram.
China launched new marine satellite HY-1C on Long March-2C
rocket China
successfully launched a new marine satellite called HY-1C aboard a Long
March-2C rocket from the Taiyuan Satellite Launch Centre in north China’s
Shanxi Province. To the object of better monitor its maritime waters and study
the impact of climate change.
Japan to test mini space elevator Researchers at
Shizuoka University, a Japanese team, has developed a space elevator, a
miniature version on satellites. The first trial of the miniature version of
the apparatus and monitoring equipment on satellites will be conducted in the
month of September.
Chandrayaan-2 to be launched in Jan 2019 Chandrayaan-2, ISRO’s
“most complex mission”, is scheduled to be launched in January next year after
experts suggested changes to avert failure, its chief K Sivan said. He said the
project was reviewed by eminent experts who suggested some changes in entering
the orbit and in landing the rover.
APPOINTMENTS
N.Ravi & Vijay Kumar Chopra elected as Chairman & Vice
Chairman of Press Trust of India The Publisher of The Hindu Group of Newspapers, N.Ravi had
appointed as the chairman of Press Trust of India and simultaneously the Chief
Editor of Punjab Kesari Group of Newspapers Vijay Kumar Chopra had been
appointed as the Vice Chairman of Press Trust of India.
Rajni Kant Misra appointed DG of BSF The Central
Government appointed Rajni Mishra as the director general of Border Security
Force (BSF). Rajni Kant Misra is a 1984 batch Indian Police Service Officer of
Uttar Pradesh State.
Vikram Misri appointed India’s next ambassador to China Ambassador of India
to Myanmar, Vikram Misri has been appointed as the next Ambassador of India to
China, according to the Ministry of External Affairs. Mr Misri, a 1989 batch
IFS officer, is expected to take up the assignment shortly.
Additional charge for NDRF chief Sanjay Kumar National Disaster
Response Force chief Sanjay Kumar was given additional charge of the post of
Director General of Fire Service, Civil Defence and Home Guards.
Facebook India appoints Ajit Mohan as MD & VP Facebook has
appointed Ajit Mohan as Managing Director and Vice-President for its Indian operations.
Mr. Mohan will be responsible for aligning teams and driving Facebook’s overall
strategy in India.
Anil Khosla to be appointed as new Vice Chief of Air Force Air Marshal Anil
Khosla will be appointed as the new Vice Chief of the Indian Air Force. Air
Marshal R Nambiar, who is currently serving as the Deputy Air Chief, is all set
to be designated as the Commander-in-Chief of Eastern Air command which is
headquartered at Shillong.
Google appoints Keith Enright as its Chief Privacy Officer Technology giant
Google has appointed its privacy lawyer, Keith Enright, as Chief Privacy
Officer as the company proposed policies for potential federal regulation of
data. In his new role, Enright will be in charge of crafting Google’s strategy
on privacy issues.
Kalraj Mishra appointed chairman of House panel on defence A Former minister in
the Narendra Modi government, Kalraj Mishra, replaced former Uttarakhand chief
minister Bhuvan Chandra Khanduri as the chairman of the parliamentary Standing
Committee on Defence. There are 24 parliamentary standing committees, of these
16 are under the administrative control of the Lok Sabha and eight under the
Rajya Sabha.
J Packirisamy is the new CEO & MD of Andhra Bank J Packirisamy has
assumed charge as Managing Director & Chief Executive Officer of Andhra
Bank. He has been elevated from deputy managing director, mid corporate group
State Bank of India (SBI).
A.K. Chaudhary appointed as new SAIL Chairman The Appointments
Committee of the Cabinet has approved Anil Kumar Chaudhary‘s name as the new
Chairman and Managing Director of Steel Authority of India Ltd. His tenure as
CMD of SAIL is likely to be for a little over 2 years.
Jaya Prada appointed goodwill ambassador for Nepal tourism Indian actress Jaya
Prada appointed goodwill ambassador for Nepal tourism. Her appointment is for a
term of 4 years. She is also a former Member of Parliament. Her appointment
would strengthen the cultural ties between India and Nepal and help promote
Nepal’s tourism in India.
Anindo Majumdar appointed as new Secretary of CVC Financial
Commissioner of Delhi Anindo Majumdar has been appointed as Secretary, Central
Vigilance Commission (CVC), according to an official order. Mr Majumdar, who
was the chief secretary of the Andaman and Nicobar Islands before coming to
Delhi, was in July, appointed financial commissioner, which is a statutory
post.
A Gitesh Sarma appointed Secretary (West) in MEA A Gitesh Sarma was
appointed as Secretary (West), Ministry of External Affairs (MEA). A Gitesh
Sarma’s appointment has been approved by the Appointments Committee of Cabinet.
He is an Indian Foreign Service Officer (IFS) of 1986 batch. He replaces Ruchi
Ghanashyam. Currently, A Gitesh Sarma is additional secretary in the foreign
ministry.
Government appoints four members to local boards of RBI Government appointed
four members to the local boards of RBI (Reserve Bank of India). Rakesh Jain
& Sachin Chaturvedi have been appointed as member in Southern local board
and Eastern local board of RBI. Revathy Iyer and Raghvendra Narayan Dubey have
been appointed as member in Northern local board of RBI.
Top Scientist KN Vyas appointed Atomic Energy Commission Chief Renowned scientist
Kamlesh Nilkanth Vyas has been appointed the secretary of the Department of
Atomic Energy and chairman of the Atomic Energy Commission. Mr Vyas, who is at
present Director of Bhabha Atomic Research Centre (BARC), has been appointed in
place of Shekhar Basu.
Tajinder Mukherjee takes over as CMD of NIC Tajinder Mukherjee
has taken over as the Chairman and Managing Director of National Insurance
Company Limited (NICL). Prior to joining NIC, she was posted as General Manager
and Chief Underwriting Officer of New India Assurance.
Government appoints new MD & CEOs at 10 PSBs The government of
India cleared the appointment of Chief Executive Officers and Managing
Directors (CEOs and MDs) at 10 Public Sector Banks (PSBs). They are part of the
15 names recommended by the Bank Boards Bureau for elevation. Of those named,
five are currently the deputy managing directors of State Bank of India (SBI)
while the other five are executive directors (EDs) at different
government-owned banks.
Varun & Anushka signed as ambassadors of Skill India
Campaign Varun
Dhawan and Anushka Sharma have been signed on to promote and endorse the Skill
India Mission, chaired by the Hon’ble Prime Minister Shri Narendra Modi. Varun
and Anushka will dedicate time to promote India’s skilled talent and their fine
work by engaging with them across different parts of the country.
State Bank of India appoints Prashant Kumar as CFO The State Bank of
India (SBI) has announced Prashant Kumar as the Chief Financial Officer (CFO).
He also worked as Chief General Manager, Kolkata circle and General Manager in
Mumbai Circle.
National Insurance gets new CMD Tajinder Mukherjee
has been appointed as the new Chairman and Managing Director of National
Insurance Company Limited (NIC). Prior to her joining the NIC, she was the
General Manager and Chief Underwriting Officer of New India Assurance.
D Shivakumar elected as ASCI Chairman Advertising Standards
Council of India (ASCI) appointed D Shivakumar, as its chairman for a term of 3
years. D Shivakumar, is the former head of PepsiCo India. He is currently the
Group Executive President, Corporate Strategy at Aditya Birla Group.
Justice Ranjan Gogoi appointed next chief justice of India President of India
Ram Nath Kovind has appointed Justice Ranjan Gogoi as next Chief Justice of
India as per Article 124 of the Constitution. He will assume office of Chief
Justice after retirement of incumbent Chief Justice, Justice Dipak Misra.
LK Advani renominated as Chairman of Ethics Committee of Lok
Sabha Senior
BJP leader L K Advani was renominated as Chairman of Ethics Committee of Lok
Sabha. He was renominated by Lok Sabha Speaker Sumitra Mahajan. LK Advani
represents Gandhinagar Lok Sabha constituency from Gujarat.
HDFC Life elevates Vibha Padalkar as MD & CEO HDFC Life named its
chief financial officer and executive director Vibha Padalkar as the new
managing director and chief executive officer (CEO) for a period of three
years, after Amitabh Chaudhry quit the position to head Axis Bank.
Aegon Life Insurance appoints Ahmed Zackaria as Chief
Distribution Officer Aegon
Life Insurance appoints Ahmed Zackaria as Chief Distribution Officer. In this
role, Zackaria will manage all the sales channels for the company.
Justice Om Prakash Mishra sworn in as new CJ of Nepal Justice Om Prakash
Mishra has been sworn in as new Chief Justice of Nepal. The President Vidya
Devi Bhandari administered the oath of office and secrecy to Justice Mishra in
Kathmandu. Parliamentary Hearing Committee (PHC) unanimously endorsed his name
for Chief Justice of the Supreme Court. Justice Mishra was appointed as a
justice of the Supreme Court in 2014.
Hima Das made first ever Sports Ambassador of Assam Assam Chief Minister
Sarbananda Sonowal confirmed that Indian Athlete Hima Das will be named as the
first ambassador of the State. The announcement came after Hima Das recently become
the first Indian woman to win gold in tarck event at IAAF World U-20 Athletics
Chamipionships in France. She won gold in 400 m event.
Amitabh Chaudhry appointed CEO & MD of Axis Bank Axis Bank announced
that Amitabh Chaudhry has been appointed as its managing director & CEO.
Mr. Chaudhry, the MD & CEO of HDFC Standard Life Insurance Company at
present, will take the charge at India’s third largest private sector bank
after incumbent Shikha Sharma steps down. Mr. Chaudhry, 54, has been associated
with HDFC Life since January 2010.
SIAM Elects Rajan Wadhera As New President The Executive
Committee of the Society of Indian Automobile Manufacturers (SIAM), the apex
body of the Indian automotive industry, elected Rajan Wadhera as its new
President. He is also the President – Automotive Sector, Mahindra &
Mahindra.
Former RBI Governor Bimal Jalan to head panel to select new CEA The Union Government
has appointed former Reserve Bank of India governor Bimal Jalan as the head of
the panel that has been tasked with selecting India’s next chief economic
advisor (CEA). The panel will screen the applications received and conduct
interviews.
Mary Kom signed as brand ambassador by BSNL State-run telecom
firm Bharat Sanchar Nigam Ltd (BSNL) roped in Indian boxer MC Mary Kom as its
brand ambassador for two years. BSNL will run television commercials, print
advertisements and tariff plan endorsement with Kom.
SBI Mutual Fund appoints Ashwani Bhatia as CEO SBI Mutual Fund said
it has appointed Ashwani Bhatia as its managing director and chief executive
officer. Bhatia takes over from Anuradha Rao, who now returns to State Bank of
India (SBI) as deputy managing director. Before joining SBI Mutual Funds, he
was in charge of revamping the entire credit structure and processes of SBI.
India retains WHO Regional Director position India retained the
top WHO position in South-East Asia Region with Dr Poonam Khetrapal Singh
unanimously re-elected as Regional Director for another five-year term
beginning February 2019. The elections were held at the ongoing regional
committee meeting of WHO South-East Asia.
PNB’s Sunil Mehta has been selected as chairman of IBA The Indian Banks
Association (IBA) has elected Punjab National Bank’s managing director and
chief executive, Sunil Mehta, as the new chairman for 2018-19. Madhav Nair,
country head and chief executive, Mashreqbank PSC, has been elected as the
Honorary Secretary of the association for 2018-19.
ICICI Bank reappoints Chanda Kochhar on board of ICICI
Securities ICICI
Bank has favoured the reappointment of Chanda Kochhar as a director on the
board of ICICI Securities during the latter’s annual general meeting. This, for
all intents and purposes, finalises Kochhar’s another stint at the ICICI
Securities board, as the ICICI Bank holds 80 per cent stake in its broking arm.
Mark Read appointed WPP CEO in Place of Martin Sorrell WPP Plc, the world’s
largest communication services group, announced the appointment of Mark Read as
the Chief Executive Officer (CEO) and Executive Director (ED) to the company’s
board with immediate effect. He takes over the position from Martin Sorrell,
who resigned from WPP, 33 years after founding the company, following
allegations of personal misconduct and misuse of company assets.
Binoy Kumar assumes charge of secretary in Steel Ministry Binoy Kumar has taken
over as Secretary, Ministry of Steel, Government of India. He had been posted
as Officer on Special Duty in the Ministry. Prior to this, Binoy Kumar held the
post of Special Secretary, Logistics, in the Department of Commerce.
Justice
Ranjan Gogoi to take charge as the new Chief Justice of IndiaJustice Ranjan Gogoi is set
to take over as the new Chief Justice of India. His name has been recommended
for the post by Chief Justice of India Dipak Misra to the government.
R Madhavan assumes charge as HAL CMD R Madhavan took over
as Chairman and Managing Director of defence PSU Hindustan Aeronautics Limited
(HAL) from T Suvarna Raju. Prior to this, he was heading the Accessories Division
of HAL at Lucknow as an Executive Director.
Balesh Sharma appointed Vodafone Idea’s 1st CEO Balesh Sharma takes
over as Vodafone Idea’s first CEO. He was the Chief Operating Officer of
Vodafone India and a member of its executive committee. He has previously
served as the CEO of Vodafone Czech Republic and the CEO of Vodafone Malta.
RESIGNS
Instagram co-founders Kevin Systrom & Mike Krieger resign Kevin Systrom and
Mike Krieger, the co-founders of the photo-sharing app Instagram announced to
resign from their respective positions in the social media company. Mike
Krieger is the Chief Technical Officer, while Kevin Systrom is the Chief
Executive Officer.
Ramesh Bawa resigns as MD and CEO of IL&FS Financial
Services IL&FS
Financial Services Managing Director (MD) and Chief Executive Officer (CEO)
Ramesh Bawa resigned from his position. Ramesh Bawa has resigned from the post
of MD and CEO of IL&FS Financial Services some allegations on the IL&FS
group regarding defaults in loan payment and corporate governance issues.
Afghanistan Ambassador to India quits Afghanistan
government Ambassador to India Dr.Shaida Mohammad Abdali to quit on September.
He presented his resignation personally to President Ashraf Ghani during his
visit to Delhi. Dr.Abdali said that he wants to serve his people and country.
His remarks showed that he would join politics in Afghanistan.
Twitter India Director Taranjeet Singh quits Taranjeet Singh, who
was elevated as Twitter’s Country Director for India has quit the company. He
worked for Twitter India for close to four years. Balaji Krish, Twitter’s
Global Head of Revenue Strategy and Operations, will become the interim country
head.
DEATHS
Pandit Tulsidas Borkar passes away The legendary
harmonium artiste Pandit Tulsidas Borkar passed away in Mumbai after a brief
illness. He was 83. Born in Borim, Goa. Borkar was conferred the Padma Shri in
2016 for his contributions to Indian music.
Noted Marathi writer Kavita Mahajan passes away at 51 Renowned Marathi
writer, novelist and translator Kavita Mahajan, died following pneumonia in
Pune, Maharashtra. She was 51 years old. She was born in Nanded, Maharashtra.
Some of her popular novels are Brr, Bhinna, etc. She had won Sahitya Akademi
translation award in 2011 and Shashikalatai Agashe Award for Children’s
Literature in 2013.
Jasdev Singh, an eminent commentator, passed away Jasdev Singh, the
renowned Hindi commentator passed away due to prolonged illness. He was 87 and
is survived by a son and daughter. Jasdev grew up in Jaipur.
Former BCCI president BN Dutt passes away Former BCCI (Board of
Control for Cricket in India) president Biswanath Dutt died following an acute
lung infection, at his home in Kolkata. Biswanath Dutt was 92 years old. He was
the president of BCCI from 1988 to 1990.
Renowned filmmaker Kalpana Lajmi passes away Renowned filmmaker
Kalpana Lajmi passed away in Mumbai. She was 64. Lajmi, a director, producer
and screenwriter, was known for working on real subjects. She was known for her
women-oriented films like Rudaali, Daman Darmiyaan.
Vietnamese President Tran Dai Quang has passed away Vietnamese President
Tran Dai Quang died aged 61 at a military hospital in the capital Hanoi
following a period of illness. Quang was appointed the president, a largely
ceremonial role, in April 2016, and served alongside Vietnam’s de facto leader
Communist Party Secretary Nguyen Phu Trong and Prime Minister Nguyen Xuan Phuc.
Before that, he served as minister of public security.
Former Odisha Minister Dolagobinda Pradhan passes away Noted freedom fighter
and former Odisha Minister Dolagobinda Pradhan passed away in Bhubaneswar. He
was 93. A follower of Mahatma Gandhi, he took part in the Quit India Movement
in 1942 and got imprisoned by the then British government for 3 years and two
months.
India’s first woman IAS officer Anna Malhotra dies India’s first woman
IAS officer post-Independence, Anna Rajam Malhotra, died at her residence in
suburban Andheri. She was 91. Malhotra joined the civil services in 1951 and
opted for the Madras cadre. She married R N Malhotra, who served as the
Governor of the Reserve Bank of India from 1985 to 1990.
Former Union Minister Satya Prakash Malviya passes away Former Union
petroleum minister Satya Prakash Malaviya passed away in Delhi. He was 84. Mr.
Malaviya had served as the petroleum minister in the cabinet headed by former
Prime Minister Chandra Shekhar.
Freedom fighter Goura Chandra Mohapatra passes away at 104 Freedom fighter Goura
Chandra Mohapatra passed away following old age related ailments, at a hospital
in Bhadrak district, Odisha. Goura Chandra Mohapatra was 104 years old. He was
son of nationalist poet Kanta Kabi Laxmikant Mohapatra.
Artist Mehlli Gobhai passes away The Mumbai-based
artist, Mehlli Gobhai has died at the age of 87 in a city hospital this
morning. The artist was said to be ailing for a while and had been hospitalised
for a month.
Economist Vijay Shankar Vyas passes away Vijay Shankar Vyas,
an agricultural economist who had worked with two Prime Ministers as a member
of their Economic Advisory Councils (EAC), passed away after a brief illness.
He was 87. He is survived by wife and two sons. Prof. Vyas was awarded the
Padma Bhushan in 2006. He was a member of the EAC during the tenures of former
Prime Ministers Atal Bihari Vajpayee and Manmohan Singh.
Noted writer Dr Rita Jitendra passed away Writer Dr Rita
Jitendra passed away due to cardiac arrest in Srinagar, Jammu & Kashmir. Dr
Rita Jitendra was a leading educationist, renowned artist, writer and social
activist. She was former secretary of Jammu & kashmir academy of Art,
Culture & Language.
Hollywood actor Burt Reynolds passes away Burt Reynolds, whose
good looks and charm made him one of Hollywood’s most popular actors as he
starred in films such as ‘Deliverance,’ ‘The Longest Yard’ and ‘Smokey and the
Bandit’ in the 1970s and ’80s, has passed away at the age of 82.
Bhagwati Kumar Sharma passes away Noted Gujarati
author, journalist and poet Bhagwati Kumar Sharma passed away in Surat. He was
84. Born in 1934 in Surat, Shri Bhagwati Kumar Sharma had received Sahitya
Academy award for his Gujarati novel Ashuryalok. Mr Sharma received Gujarati
literature awards Ranjitram suvarna chandrak and Kumar paritoshik.
Jain Muni Tarun Sagar passes away Popular Jain monk
Tarun Sagar passed away at Radhapuri Jain Temple in east Delhi after a
prolonged illness. He was 51. Born on 1967 in Madhya Pradesh’s Damoh as Pawan
Kumar Jain, he chose to live the life a monk at a tender age of 13 after
getting inspired by the sermons of another popular monk Acharya Pushpdant
Sagar.
Harikrishna dies in car crash Telugu film actor, senior leader
of the Telugu Desam Party and former MP Nandamuri Harikrishna died in a road
accident in the Nalgonda district of Telangana. He would have turned 62.
Harikrishna was third among the eight sons of former chief minister, Telugu
Desam Party founder and legendary film actor Nandamuri Taraka Rama Rao.
VISITORS
Afghanistan President Ashraf Ghani visits India Afghanistan President
Ashraf Ghani was recently in India for visit. During a day-long visit, he
reviewed and positively assessed the progress of the multi-faceted bilateral
strategic partnership. Both leaders (Narendra Modi and Ashraf Ghani) expressed
determination to strengthen connectivity, including through Chabahar port and
Air-Freight Corridor.
VP to visit Serbia, Malta & Romania Vice President
Venkaiah Naidu will embark on a three-nation tour to Serbia, Malta and Romania
to boost ties with the Central European countries.
Defence Minister visited Governor Satya Pal Malik Defence Minister
Nirmala Sitharaman met J&K Governor Satya Pal Malik and discussed the
security situation in the State. They also discussed the issues of security
along the Line of Control (LOC) and in the hinterland.
MISCELLANEOUS
Mukesh Ambani topped Barclays Hurun rich list Billionaire Mukesh
Ambani, chairman of India’s second-most valued firm ‘Reliance Industries’, has
topped the ‘Barclays Hurun India Rich List 2018’ for the seventh consecutive
year, with the total net worth of INR 371,000 crore.
Satyarup Siddhanta, Mousumi Khatua scaled Asia’s highest
volcanic peak Mount Damavand Mount Damavand is the highest peak in Iran and also a
potentially active volcano. At an elevation of 5609 metres, Mt Damavand is
known for its Sulphur discharge near its peak which can cause irreparable
damage if exposed for a longer duration. This is the fourth volcanic summit for
Siddhanta.
Miss Diva Universe 2018 The 22-year-old Mumbai girl Nehal Chudasama was declared as
the winner of Miss Diva Miss universe 2018. She will now be representing India
at Miss Universe. Nehal Chudasama is thrilled to be crowned as Yamaha Fascino
Miss Diva Universe and says the feeling will take some time to settle as this
was her long standing dream.
BOOKS IN NEWS
Dr. Mahesh Sharma released 2 books of National Museum The Minister of State
for Culture (Independent Charge) and Environment, Forest & Climate Change,
Dr. Mahesh Sharma Released two important publications of the National Museum in
New Delhi. To the objective of generate awareness about the activities of
National Museum.
Sundeep Misra to write a book on sprinter Dutee Chand, Story So
Far The
incredible story of Dutee Chand, who rose from abject poverty to become one of
India’s biggest sprinting stars, will be brought alive in the form of a book
titled as, “Story so far”. The announcement was made by publisher Westland,
which was acquired by Amazon in 2017. The book is written by journalist, author
and filmmaker Sundeep Misra, who has previously authored a biography of hockey
legend Dhanraj Pillay.
Final book of Vineet Bajpai’s Harappa trilogy launched Kashi: Secret of the
Black Temple, the final book of Vineet Bajpai’s Harappa trilogy, was launched
in New Delhi. The three books in the series combine mythology, history,
fantasy, crime and the modern-day thriller element. The first two books are
Harappa: Curse of the Blood River and Pralay: The Great Deluge. The three books
have been brought out by Bajpai’s publishing platform TreeShade Books.
Radha Mohan Singh releases a profile booklet titled ‘NCDC-
Assisting Cooperative. Always!’ Union Minister of Agriculture and Farmers’ Welfare Radha
Mohan Singh released a booklet titled ‘NCDC-Assisting Cooperatives. Always!’ in
New Delhi. The booklet highlighted the role and activities assisted by National
Cooperative Development Corporation (NCDC).
Preeti Shenoy pens new book ‘The Rule Breakers’ Preeti Shenoy
announced the launch of her new book named ‘The Rule Breakers’. This book
covers complex themes of women’s equality, gender, inclusion etc. It is
published by Westland Books.
Book on ‘Experiential Learning – Gandhiji’s Nai Talim’ launched A book named
‘Experiential Learning – Gandhiji’s Nai Talim’ (basic education) was released
by Union Minister of Human Resource Development Prakash Javadekar, on the
occasion of National Teachers’ Day. It contains basic principles of Gandhi’s
‘Nai Talim’, along with the work and education curriculum for schools, D.Ed,
B.Ed and faculty development programmes for teachers.
Constitutionalizing India: an Ideational Project The Vice President of
India, Shri M. Venkaiah Naidu has said that we should salute the
constitution-framers for giving us a constitution that strengthened
parliamentary democracy and stood the test of times, even as it evolved through
several amendments.
PM releases book ‘Moving on, Moving Forward – A Year in Office’ The Prime Minister,
Shri Narendra Modi, released the book ‘Moving On, Moving Forward – A Year in
Office’ to mark one year in office of Vice President Venkaiah Naidu. He also
presented the first copy of the book to the Vice President of India. The book
was written by Vice President Venkaiah Naidu to mark his one year in office.
Shades of Truth: A Journey Derailed by Kapil Sibal Congress MP Kapil
Sibal will be releasing a new book titled ‘Shades of Truth: A Journey Derailed’
arguing that the Prime Minister Narendra Modi-led NDA government “revels in the
past” and debunking the claim of “Acche Din” that the BJP made in the run up to
2014 general elections.
RK Singh releases book on ‘Weather Information Portal for Indian
Power System’ Shri
R K Singh, Minister of State (IC) for Power and New & Renewable Energy
visited Power System Operation Corporation limited (POSOCO), and released a
book on ‘Weather Information Portal for Indian Power System’.
COMMITTEES
High Level Committee Constituted on Corporate Social
Responsibility A
High Level Committee on Corporate Social Responsibility – 2018 (HLC-2018) has
been constituted under the Chairmanship of Shri. Injeti Srinivas, Secretary,
Ministry of Corporate Affairs (MCA) to review the existing framework and guide
and formulate the roadmap for a coherent policy on Corporate Social
Responsibility ( CSR).
Govt constitutes Lokpal search committee The Centre
constituted an eight-member search committee, to be headed by former Supreme
Court judge Justice Ranjana Prakash Desai, to recommend the chairperson and
members of the anti-corruption ombudsman Lokpal. The search committee is a
major step towards setting up of the Lokpal.
Supreme court constitutes committee to look into jail reforms The Supreme Court
constituted a three-member committee headed by its former judge Justice Amitava
Roy to look into the aspect of jail reforms across the country and suggest
measures to deal with them. A bench headed by Justice M B Lokur said the panel
will look into the issues including overcrowding in prisons.
Centre sets up panel of Secretaries to look into E-Commerce issues With concerns being
raised on some proposals of the draft e-commerce policy, the government has set
up a group of secretaries to look into the issues. The group will be chaired by
the secretary in the Department of Industrial Policy and Promotion (DIPP).
NGT appointed three committees to monitor disposal of garbage National Green
Tribunal (NGT) has formed 3 committees: apex monitoring Committee, Regional
Monitoring Committees and state level committees to look over implementation of
directions given by NGT and other rules. NGT has mandated every state to follow
Solid Waste Management Rules, 2016.
DAYS & DATES
29 September: World Heart Day World Heart Day takes place on
29th September every year and is the World Heart Federation and the world’s
biggest platform for raising awareness about cardiovascular disease, including
heart disease and stroke. It was launched in 2000 by the World Heart Federation
as an annual event.
28 September: World Rabies Day World Rabies Day is celebrated on
28 September. It is celebrated annually to raise awareness about rabies
prevention and to highlight progress in defeating this horrifying disease.
27 September: World Tourism Day World Tourism Day is
observed every year globally on 27th September. ‘Tourism and the Digital
Transformation’ is the theme of this year’s World Tourism Day (WTD). Hungary is
the host country for this year’s WTD.
23 September: International day of Sign Languages International Day of
Sign Languages is celebrated annually across the world on 23 September every
year along with International Week of the Deaf. This day aims to raise
awareness of the importance of sign language in the full realization of the
human rights of people who are deaf. This year it was first International Day
of Sign Languages. Its theme was ‘With Sign Language, Everyone is Included’.
21 September: International day of Peace Each year the
International Day of Peace is observed around the world on 21 September. The
General Assembly has declared this as a day devoted to strengthening the ideals
of peace, both within and among all nations and peoples. The theme for
International Day of Peace 2018 is “The Right to Peace – The Universal
Declaration of Human Rights at 70”. The theme celebrates the 70th anniversary
of the Universal Declaration of Human Rights.
18 September: International day for the Preservation of the
Ozone Layer International
Day for the Preservation of the Ozone Layer was observed on 16th September
throughout the world. The theme for International Day for the Preservation of
the Ozone Layer 2018 was ‘Keep Cool and Carry On: The Montreal Protocol’.
15 September: Engineer’s Day Mokshagundam Visvesvaraya’s
birthday is celebrated on 15 September as Engineer’s Day. Fondly referred to as
Sir MV, M Visvesvaraya was a world-renowned civil engineer who was a master of
irrigation design. He was also referred to as the father of engineers by many.
8 September: International Literacy Day International
Literacy Day, celebrated annually on 8 September, is an opportunity for
Governments, civil society and stakeholders to highlight improvements in world
literacy rates, and reflect on the world’s remaining literacy challenges. This
year’s theme is ‘Literacy and skills development.’
Sep 05: International Day of Charity The International Day
of Charity was observed globally on September 5, 2018 with an aim to recognise
the role of charity in alleviating human suffering within and among nations,
as well as to recognise the efforts of charitable organisations and
individuals such as Mother Teresa.
BANKING AWARENESS
RBI eases cash reserve rules to ease Liquidity The Reserve Bank of
India allowed banks to dip further into statutory cash reserves in a bid to
ease a liquidity squeeze afflicting the nation’s money markets. As per the RBI,
banks could ‘carve out’ up to 15% of holdings under the statutory liquidity
reserves to meet their liquidity coverage ratio (LCR) requirements as compared
to 13% now.
SBI reassures NBFCs on liquidity concerns The State Bank of
India (SBI) asked non-banking financial companies (NBFCs) not to worry about
credit availability as it would continue to support them. ‘There is no concern
on liquidity of NBFCs in view of their liquid cash position and availability of
committed lines’ SBI Chairman Rajnish Kumar said.
YES Bank slapped with Rs 38 crore in GST fines Midsized private
sector lender Yes Bank has paid Rs 38 crore in fines to the GST department for
alleged violations in domestic remittances. Over Rs. 32 crore has been paid to
the GST department, while Rs 6 crore has been paid in service tax which has
been replaced by GST.
IPPB Bajaj Allianz tie up for insurance products sale India Post Payments
Bank (IPPB) signed a 5-year Corporate Agency Agreement with Bajaj Allianz Life
Insurance Co. Ltd. (BALIC) to offer life insurance products to its consumers.
BALIC is the first life insurer to tie up with IPPB since its launch.
Initially, simple term and Point of Sale (POS) products of BALIC will be sold
through IPPB.
Centre Proposes to merge Bank of Baroda, Vijaya Bank & Dena
Bank The
Centre proposed the merger of state-owned Bank of Baroda, Dena Bank and Vijaya
Bank in order to create India’s third-largest bank. The decision was made
during the ministerial panel meeting that oversees merger proposals of
state-owned banks.
RBI to buy G-Secs in open market The Reserve Bank to
purchase government securities (G-secs) worth Rs 10,000 crore on September, a
move aimed at inducing liquidity in the system. The purchase of the government
securities will be done through Open Market Operations (OMO).
RBI slaps Rs 1 cr fine each on UBI, BoI, Maharashtra Bank The Reserve Bank in
three separate releases said it has imposed a penalty of Rs 1 crore each on the
three banks of Union Bank of India (UBI), Bank of India and Bank of
Maharashtra. The penalty has been imposed taking into account delay on the part
of the bank to detect and report fraud in an account, it said.
HDFC Bank is India’s most valued brand HDFC Bank retained
its top spot in the Brand India Top 50 for the fifth year in a row. The total
brand value of HDCF bank grew by 21 percent to $21.7 billion in 2018. Life
Insurance Corporation (LIC) comes at the second spot due to the key role played
by its pension plan business, while Tata Consultancy Services ranked third on
the list.
NABARD Sanctioned Rs 335 crore to WB National Bank for
Agriculture and Rural Development (NABARD) has sanctioned an amount of Rs 335
crore under the Rural Infrastructure Development Fund (RIDF) to West Bengal.
The fund, alloted in August, would be used for 158 minor irrigation projects
and 23 flood protection projects.
SBI appoints Anshula Kant as Managing Director The State Bank of
India (SBI) said that the government has appointed Anshula Kant as the Managing
Director of the bank. She is at present the Deputy Managing Director and Chief
Financial Officer (CFO) of India’s leading lender SBI. Her name was recommended
by the Bank Boards Bureau for the post.
Airtel Payments Bank enables card-less cash withdrawal at ATMs Airtel Payment Bank,
India’s first payments bank, has announced that its customers can now make
card-less cash withdrawals at over 100,000 ATMs across India. The technology
can be used for self-withdrawal or for sending money to an intended recipient
for ATM cash withdrawal. IMT is the largest cardless cash ATM network in the
world.
RBI bought 8.46 tonne of gold in fiscal 2018 The Reserve Bank of
India (RBI) has bought 8.46 tonne of gold in the financial year 2017-18, the
first purchase of gold by the apex bank in almost nine years. RBI purchased 200
tonne of gold in November 2009 from the International Monetary Fund (IMF).
Banks with over 10 branches to have ombudsman: RBI The Reserve Bank of
India (RBI) asked all scheduled commercial banks with more than 10 branches to
appoint an internal ombudsman (IO). The apex bank has, however, excluded
regional rural banks (RRBs) from appointing IOs.
IPPB replaces ATM/ debit cards with QR cards India Post Payments
Bank (IPPB) does away with ATM cards and debit cards for both cash and cashless
transactions. IPPB will issue new QR (Quick-Response) cards which work on
biometric authentication and not on passwords or PINs. QR card transactions can
be done through postmen, post offices or Grameen Dak Sevaks (GDS).
SBI hikes Benchmark lending rate By 0.2% Home, auto and other
loans would become costlier as the country’s largest lender, State Bank of
India, has increased its benchmark lending rate or MCLR by 0.2%, a development
followed by other lenders. Now SBI’s overnight and one-month tenor marginal
cost of funds based lending rate (MCLR) stands at 8.1% as against 7.9%.
HDFC Bank to adopt 30 villages in flood-hit Kerala HDFC Bank has
announced that it will adopt 30 villages in flood-hit Kerala as part of its
long-term relief and rehabilitation efforts. This initiative is aimed at
helping people in the worst-hit parts of the State recover, a spokesman said.
India and ADB Sign $375 Million Loan The government of
India and the Asian Development Bank (ADB) signed a $375 million loan agreement
to contribute to double farming incomes in Madhy
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