Current Affairs Update – 16-18 September, 2017


Hello and welcome to exampundit. Here are the Important Current Affairs of 16, 17 & 18 September, 2017. These are very important for the upcoming IBPS PO, IBPS RRB, OICL AO, UIIC Assistant & NICL Assistant Exams.



Banking & Financial News

Arun Jaitley launches Google’s digital payment app 'Tez'


  • Finance Minister Arun Jaitley on 18 September 2017 launched Google’s Unified Payments Interface (UPI)-based digital payment service called ‘Tez’ in New Delhi.
  • With this move, the search giant has become the latest international giant to enter the fast-growing digital payments space in India.
  • Speaking on the occasion, Arun Jaitley said, Google team saw great potential in the remonetisation period after the demonetization. The minister stated that the need for finding an alternative to cash was never at centre stage in India's economic agenda.
  • He further expressed confidence that what had started as a compulsion for digitisation post-demonetisation will soon turn into convenience with the launch of Tez.
  • The new digital payments app is expected to make a major change in the digital payments landscape in India.
  • It would support several local languages including Hindi, Bengali, Gujarati, Kannada, Marathi, Tamil and Telugu.
  • The Google payment App is powered by UPI, a payments protocol built by the Government-backed National Payments Corporation of India (NPCI).
  • The word Tez means fast in Hindi.
  • The Finance Minister himself conducted the first transaction on the app.
  • The app’s launch puts it in direct competition with the popular mobile wallet provider in India, Paytm, which is backed by Softbank and Alibaba.


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India exempts import duty on goods for FIFA U17 World Cup


  • The Union government has exempted import duty on a wide range of goods and sports items for the upcoming FIFA U-17 World Cup India.
  • The government in an official notification stated, “All sports goods, sports equipment and sports requisites, fitness equipment, team uniform/clothing, spares, accessories and consumables of the same will be exempt from the whole of the duty of customs leviable subject to certain conditions”.
Some other items that have been exempted from the import duty include:

  • Doping control equipment
  • First aid kits
  • Satellite phones/GPS
  • Dining/kitchen items
  • Office consumables,
  • Broadcast equipment and supplies
The mentioned goods will also be exempt from the integrated tax levied under the GST.
However, the importers will have to furnish undertakings that all the goods, excluding gift items, souvenirs, mementos will be re-exported within three months of the conclusion of the World Cup, according to a notification issued recently by the Central Board of Excise and Customs (CBEC).

Assam to set up well-equipped skill city with 10000 training seats


  • The Assam state government has announced setting up of a well-equipped skill city with a capacity of 10000 training seats in the state.
  • The information was shared by AP Tiwari, the Mission Director of Assam Skill Development Mission (ASDM). Tiwari stated that the government would be getting the support of a Singapore based premier institute for the mission.
  • The mission will set up skill training centres at block levels.
  • Under the programme, 30000 former militants will be given skill development training.
  • The ceasefire camps that house the surrendered militants currently will be converted into production centres.
  • The construction of the proposed skill city is estimated to be completed in 4 to 5 years.
  • Till then, a temporary complex with the capacity of 400 would be set up in Guwahati.

News related to India & states

Rajnath Singh launches intelligence wing of SSB and WARB App


  • Union Home Minister Rajnath Singh on 18 September 2017 launched the intelligence wing of Sashastra Seema Bal (SSB) and Welfare and Rehabilitation Board App (WARB) in New Delhi.
  • Speaking on the occasion, the Home Minister stated that ensuring the security of open borders is a major challenge and the SSB is playing a crucial role in this regard.
  • SSB, which is currently one of India's Central Armed Police Forces (CAPFs), guards India's borders with Bhutan and Nepal. The intelligence wing will help gather actionable information that will be useful for the force.
  • WARB app, on the other hand, comprises features to facilitate retired CAPFs and Assam Rifles personnel to get their grievances redressed, seek skill development and other relevant and important information.
  • Further, Rajnath Singh stated that the border police force should check the authenticity of messages that are being spread on the social media regarding security or intelligence alerts. He said, on several occasions, misinformation gets spread on social media platforms.
  • Besides this, the minister assured CAPF personnel of full assistance on their grievances and said that the government is fully committed to their welfare.

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President of India Launches ‘Swachhta hi Seva’ Campaign


  • To take the Swachh Bharat Abhiyan at a higher level, Shri Ram Nath Kovind, The President of India, on September 15, 2017, launched a nationwide sanitation campaign, ‘Swachhta hi Seva’ (Cleanliness is Service), at Ishwariganj village in Kanpur.
  • The President also administered ‘Swachhta hi Seva’ oath to all present there whereby they pledged to create a healthy, clean, and new India.
  • This ‘Swachhta hi Seva’ campaign aimed to strengthen the flagship program ‘Swachh Bharat Mission’.
  • After the launch of this campaign, the President honoured village-level champions who contributed to making Ishwariganj village ‘Open Defecation Free’.

Appointments

Peruvian President appoints former Economy Minister, Mercedes Aráoz Fernández, as new PM


  • The Peruvian President Pedro Pablo Kuczynski on 18 September 2017 appointed a former Economy Minister Mercedes Aráoz Fernández as his new Prime Minister. The appointment came two days after a no-confidence vote by the opposition-led Congress forced the entire Cabinet to resign
  • Mercedes Araoz, who is also a lawmaker and one of Peru's two Vice Presidents, is the new Chief Minister in a reconstituted Cabinet. She served as an economy minister during part of the 2006-11 administration of President Alan Garcia.
  • Araoz replaced Fernando Zavala, who lost the vote of confidence by lawmakers on 15 September 2017. The single-house congress is led by the opposition party of Keiko Fujimori, who is the daughter of jailed former President Alberto Fujimori and loser of a close 2016 presidential runoff election to Kuczynski. It was the first time under Peru's 1993 constitution that the legislature has taken such a step.

Y C Modi appointed as Director General of National Investigation Agency


  • Senior Indian Police Service (IPS) officer Y C Modi on 18 September 2017 was appointed the new Director General of the National Investigation Agency (NIA).
  • The order regarding the appointment was issued by the Union Ministry for Home Affairs.
  • Modi will replace Sharad Kumar, who is will retire on 30 October 2017.
  • Modi is an IPS officer of the 1979 batch of the Haryana cadre. He had also been part of a Supreme Court-appointed Special Investigation Team (SIT) that probed 2002 Gujarat riots case. He has also served as the Additional Director General of Police in Shillong, and Additional Director in the Central Bureau of Investigation (CBI).

Sports News

PV Sindhu beats Nozomi Okuhara to win 2017 Korea Open Super Series


  • PV Sindhu on 17 September 2017 became the first Indian shuttler to win the BWF Korean Open Super Series.
  • Sindhu defeated Nozomi Okuhara of Japan 22-20, 11-21, 21-18 to grab the prestigious title.
  • The duo had already fought-out the longest match in the final of the BWF World Championship in August 2017, when Okuhara emerged victorious after a 110-minute match.

Awards & Honors

69th Primetime Emmy Awards announced


  • The 69th Annual Primetime Emmy Awards was announced on 17 September 2017 at the Microsoft Theater, Los Angeles, California, U.S.
  • The Handmaid's Tale became the first web television series to win the award for Outstanding Drama Series.
  • Westworld and Saturday Night Live were the most nominated programs, each with 22 nominations.

Lists & Indexes

UNCTAD Report 2017- India, China unlikely to be growth poles for global economy


  • Impacts of demonetisation and rollout of the Goods and Services Tax administration on the informal sector and diminishment in the pace of credit creation may influence India's development prospect. Therefore, the Indian Economy is at a slippery slope and hence, India unlikely to serve as a “Growth Pole” for the World in the near future as per the United Nations Conference on Trade and Development-UNCTAD’s Trade & Development report 2017.
  • The Trade & Development report is a flagship report of the UNCTAD which evaluates the global economic climate.
  • The report also stated that the growth in the world’s two most populous economies – India and China, remains moderately buoyant, yet the pace is slower and they are at risk of facing some serious risk.
  • It anticipated that the Indian Economy is slowing down to 6.7% in this year than the 7% a year ago.The Repor further added that the informal sector in India, which still records for 33% of the nation's GDP (total national output) and more than four-fifths of employment, was seriously affected by the "demonetisation" move in November 2016, and it might be additionally affected by the rollout of the GST (Goods & Services Tax) imposed from July 2017.
  • In this way, regardless of the possibility that the present levels of growth in both China and India are maintained, it is impossible that these nations will fill in as growth poles for the worldwide economy sooner rather than later.
  • The UNCTAD report 2017 said that increasing NPAs (Non-Performing Asset) of banks are impacting their lending practices.

Days

International Day for the Preservation of the Ozone Layer 2017 observed globally


  • The International Day for the Preservation of the Ozone Layer was observed globally on 16 September 2017 with the theme 'Caring for all life under the sun'.
  • The Day commemorates the date of the signing of the 'Montreal Protocol on Substances that Deplete the Ozone Layer'. This year marks the 30th anniversary of the Montreal Protocol.
  • As part of the anniversary celebrations, the Ozone Secretariat launched a communication campaign #OzoneHeroes ahead of World Ozone Day.

Obituaries

Arjan Singh, iconic war hero of 1965 Indo-Pak, no more


  • Arjan Singh, Marshal of the Indian Air Force passed away on 16 September 2017 in New Delhi, after suffering a cardiac arrest. He was 98.
  • Singh breathed his last at the Army's Research and Referral hospital in Delhi. He is survived by a son and a daughter. His wife passed away in 2011.
  • The Defence ministry condoled his death by saying that it marked an end to a glorious era of the IAF.
  • He also served as a member of the National Commission for Minorities and The Government of India from 1975 to 1981.
  • He was the Lieutenant Governor of Delhi from December 1989 to December 1990.
  • In 2002, he became the first and only officer of the Indian Air Force to be promoted to five-star rank as Marshal of the Indian Air Force, equal to the army rank of Field Marshal.


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