Current Affairs Update – 9th September, 2015

Hello and welcome to ExamPundit. Here are the Important Current Affairs Update of 9th September, 2015. These are important for the upcoming IBPS PO V.


Finance/Industry –

100% FDI through automatic route in white labelled ATMs okayed


  • The Union Cabinet has approved the proposal to allow 100 per cent foreign direct investment (FDI) in white labelled automated teller machines (ATM) through the automatic route.
  • The decision is likely to result in faster growth of the white labelled ATMs--set up by private non-banking entities—as flow of foreign funds will now get expedited.
  • “The Cabinet approved 100 per cent FDI in white labelled ATMs through the automatic route (instead of through government approval route),” Finance Minister Arun Jaitley said at a press briefing following the Cabinet meeting on Wednesday.
  • The government’s decision is primarily aimed at improving financial inclusion as such ATMs are also set up in smaller towns and cities.
  • The Cabinet, however, did not take up the long-pending proposal for allowing foreign and domestic companies with manufacturing units in India to sell their products on-line through e-commerce platforms directly to consumers.



Govt launches online training programme "Niryat Bandhu @ Your Desktop" for potential exporters

  • The Commerce Ministry has launched an online certification programme to reach out to potential exporters and mentor them through orientation, counselling sessions, and individual facilitation.
  • `Niryat Bandhu @ Your Desktop’ launched by Commerce Secretary Rita Teaotia on Wednesday aims to get a larger number of Indians into international trade and boost exports from India, an official release said.
  • “This programme would serve the twin objectives of ‘Digital India’ and ‘Skill India’,” the release added.
  • The Directorate-General of Foreign Trade (DGFT) under the Commerce Ministry already runs a Niryat Bandhu Scheme under which potential exporters and importers undergo training by physically attending classes. A total of 18,000 people were trained under the scheme in 2014-15.
  • The online programme, also to be run by the DGFT, is expected to reach out to many more. “This online programme would enable them (the candidates) to learn the essentials of export import business from the comfort of their homes, through direct live transmission of the lessons on their desktops. The sessions would be followed up by online question answer sessions where they can address their concerns with reputed experts from the Indian Institute of Foreign Trade (IIFT),” the release said.



YES Bank to set up its largest services facility in Chennai

  • Yes Bank is planning to raise around $1 billion in 2016 to support its growth plans.
  • Speaking on the sidelines of Tamil Nadu Global Investors Meet at Chennai today, Rana Kapoor, founder & CEO, Yes Bank said that last year the lender had raised half a billion dollars and considering the 25-27 per cent growth it is planning to raise $1 billion next year.
  • He also announced setting up of largest ever operations management and services delivery facility in Ambattur, Chennai with an investment of around Rs 125 crore and it will be spread over 4 lakh sq ft to employ 9,000 employees at full capacity and by 2020 it will be increased to 12,000.
  • The centre would support the proposed expansion of the lender's branch network. Currently, the bank has 700 branches and is planning to take it to 1,500 by March 2018 and then to 2,500 by 2020.



BSE has highest number of listed companies in the world: WFE

  • The World Federation of Exchanges (WEF), in the first week of September 2015, announced that the Bombay Stock Exchange (BSE) has the highest number of listed companies in the world.
  • By the end of June 2015, a total number of 5689 companies were listed with the BSE. However, out of 5689, only one company was a foreign company.
  • The National Stock Exchange of India (NSE) had 1750 listed companies by the end of June 2015.
  • Though BSE leads the world in terms of listed companies, Shanghai stock exchange of China (having 1070 companies) was at the top in terms of value of share trading with 30 trillion US dollars worth transactions in June 2015.
  • World Federation of Exchanges is based in London, United Kingdom.



Union Cabinet approved Sovereign Gold Bonds Scheme to reduce dependence on physical gold


  • The Union Cabinet on 9 September 2015 gave its approval for the Sovereign Gold Bonds Scheme.
  • The purpose of the scheme is to reduce the demand for physical gold and to shift part of the estimated 300 tons of physical bars and coins purchased every year for investment into Demat (Dematerialised) gold bonds.

Features of Sovereign Gold Bonds Scheme
  • Bonds will be issued on payment of money and would be linked to the price of gold.
  • The sell would be restricted to resident Indian entities and each entity cannot buy more than 500 grams per person per year.
  • The bonds will be issued in denominations of 2, 5 and 10 grams of gold or other denominations.
  • The cap on bonds that may be bought by an entity would be at a suitable level, not more than 500 grams per person per year.



India –

Union Government inaugurated New production facility for producing prosthetic systems

  • The Union Minister for Social justice and Empowerment Thaawar Chand Gehlot on 8 September 2015 inaugurated the new production facility for producing affordable lower limb prosthetic systems. The facility was launched under the Make In India initiative with an estimated cost of 6 Crores rupees.
  • For this, Artificial Limbs Manufacturing Corporation of India (ALIMCO) signed the Transfer of Technology (ToT) and Technical & Consultancy Services agreement with multinational company Ottobock for mass manufacturing of new generation Lower limb prosthetic systems for PwDs (Persons with Disabilities).



Jharkhand Government approved the formation of Anti-Terrorism Squad in State

  • The Jharkhand Government on 8 September 2015 approved the formation of an Anti-Terrorism Squad (ATS) in the state. The State cabinet also gave its approval to create 243 ATS posts.
  • The ATS will be headed by an official of the rank of Superintendent of Police and will have six DSP and 11 Inspectors in it. The police will get full cooperation in meeting internal security challenges as government's priority is to provide security to the people of the state.
  • Jharkhand has turned into a haven for terrorists, the two terrorists involved in the 2002 American Centre attack in Kolkata were from Jharkhand itself, however, they were killed in a gun battle with security forces in Hazaribagh district.


Haryana banned manufacture, storage, sale of gutka, pan masala in the state

  • Haryana Government in first week of September 2015 issued a complete ban on manufacturing, storage, distribution and sale of gutka, pan masala, flavoured or scented tobacco, kharra and other similar products containing tobacco. The decision was taken in interest of public health.
  • The Food and Drugs Administration (FDA) issued notification in this regard. The notice prohibits the sale and purchase of tobacco products for one year starting from 3 September 2015.



India, Bangladesh Agree on Fast Repatriation of Fishermen

  • India and Bangladesh today agreed on expeditious repatriation of the fishermen who stray into each other's territorial waters.
  • The agreement was reached at a meeting visiting Bangladesh Chief of Army Staff Gen Abu Belal Muhammad Shafiul Huq had with Home Minister Rajnath Singh.
  • The issue of fishermen drifting unwittingly into each other's territorial waters was discussed at the meeting and it was agreed that the return of such people to their respective countries should be expedited, an official statement said.
  • The Home Minister appreciated the cordial implementation of the Land Boundary Agreement between the two countries.
  • On the issue of people of enclaves exchanged under LBA wanting to shift to India by disposing off their immovable property, it was pointed out by the Bangladesh delegation that the joint working group of the two countries is seized of the matter.


Appointments –

J. Manjula Appointed as DRDO's First Woman Director General

  • Defence Research and Development Organisation (DRDO) today said it has got its first woman Director General with the appointment of J Manjula as Director General, Electronics & Communication Systems cluster.
  • She has assumed charge from distinguished scientist and Director General Dr K D Nayak, who was holding Additional charge as Director General Electronic & Communication Systems, DRDO said in a release.
  • Manjula has the honour of being the first woman Director General of DRDO cluster. She has been leading Defence Avionics Research Establishment (DARE), an establishment of DRDO, as a Director since July 2014, it said.
  • Manjula is an alumna of Osmania University and a practising electronics and communications engineer.
  • DRDO said she has served in Defence Electronics Research Laboratory, Hyderabad, for more than 26 years in the area of Integrated Electronic Warfare.



Hrithik Roshan's HRX signs on Tiger Shroff as brand ambassador


  • Marking a first in the industry, fitness and sportswear brand HRX, owned by actor Hrithik Roshan, has signed on another celebrity as an endorser. Tiger Shroff, who had a dream debut in the form of Heropanti last year, will be seen as the face of HRX’s campaign that takes inspiration from dance and fitness.
  • HRX started operations in 2013 with an e-commerce only launch on Myntra.com. The brand is currently available on its launch platform Myntra and Flipkart, but will be seen in physical retail outlets in the next fiscal. It currently has a range of sports and fitness wear (for men), footwear and launched a range of deodorants earlier this year.
  • Shroff has been signed on for a multi-year contract at roughly Rs 1 to 1.5 crore a year. This is Shroff’s first major brand endorsement.


Awards & Honors –

Muziris Heritage Project bags PATA gold award


  • Muziris Heritage Project of Kerala Tourism has bagged the Pacific Asia Travel Association (PATA) gold award for 2015 under the heritage category.
  • PATA awards bring into limelight the extraordinary works of travel and tourism stakeholders in the Asia Pacific region. This year’s awards were given away at the 38th edition of PATA Travel Mart held here.
  • The PATA citation said the Muziris Heritage Project entailed the involvement of multiple government departments as well as research and academic institutions.
  • The project focuses on sustainability and involvement of local community with a master plan following international guidelines such as Unesco charters on heritage conservation. The project has been implemented without tampering the region’s rich biodiversity, strong social structure and healthy ecosystem.


Sports –

Australia’s Brad Haddin retires from Test cricket


  • Australia wicketkeeper Brad Haddin announced his retirement from first class cricket on Wednesday, following Michael Clarke, Shane Watson and Chris Rogers in stepping down from tests in the wake of the Ashes series defeat.
  • The pugnacious 37-year-old, who retired from one day cricket after Australia's World Cup triumph earlier this year, kept wickets in 66 tests, scoring 3,266 runs at an average of 32.98 and taking 262 catches with eight stumpings.
  • With Adam Gilchrist his predecessor, Haddin had to wait until he was 30 until he played his first test against West Indies in 2008.
  • He lost his place in the side in 2012 when he stood down from the tour of West Indies for personal reasons but returned in early 2013.


World –

Pakistan SC ordered adoption of Urdu as official language

  • Supreme Court of Pakistan on 8 September 2015 ordered immediate adoption of Urdu as official language of the country. With this order, Urdu will be used as an official language at the government offices of Pakistan.
  • The order was passed by a three member bench headed by Chief Justice Jawwad S Khawaja while delivering judgment in a case. The petitioner Advocate Kokab Iqbal through his petition wanted promotion and implementation of the national language.
  • The Court also ruled that under the 1973 Constitution it is must to adopt Urdu as official language.





Daily Expected Questions on Stock GK:


1. Cooperage Football Stadium is located in which city?
- Mumbai

2. Which of the following city is known as the Tea City of India?
- Dibrugarh

3. Vadodara is located on the banks of which river?
- Vishwamitri River

4. What is the currency of Ghana?
- Ghanaian cedi

5. Mejia Thermal Power Station is located in which state?
- West Bengal

6. Balram Das Tandon is the governor of which Indian state?
- Chhattisgarh



Regards



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