Current Affairs Update – 1 September, 2017

Hello and welcome to exampundit. Here are the Important Current Affairs of 1 September, 2017. These are very important for the upcoming IBPS PO, IBPS RRB, OICL AO, UIIC Assistant & NICL Assistant Exams.

Banking & Financial
India, Switzerland sign two MoUs for technical cooperation in Railways

  • India and Switzerland on 31
    August 2017 signed two Memorandums of Understanding (MoUs) in the field of
  • The two MoUs were signed between
    Ministry of Railways and Swiss Confederation after high-level talks between
    Indian Prime Minister Narendra Modi and Doris Leuthard, President of Swiss
    Confederation during her visit to New Delhi.
  • The MoU was signed between
    Ministry of Railways and Federal Department of the Environment, Transport and
    Communications of the Swiss Confederation for technical cooperation in Rail
  • It was signed by Ashwani Lohani,
    Chairman Railway Board and Andreas Baum, Swiss Ambassador to India in the
    presence of Indian Prime Minister and Swiss President.
  • The pact is a follow up on
    bilateral cooperation in Rail sector that was agreed upon during a meeting
    between Indian Railway Minister Suresh Prabhakar Prabhu and Swiss Ambassador in
    July 2016.
  • The second MoU was signed between
    Konkan Railway Corporation Limited (KRCL) and Swiss Federal Institute of
    Technology (ETH) Zurich.
  • It was signed by Sanjay Gupta,
    Chairman and Managing Director (CMD) of Konkan Railway Corporation Ltd. (KRCL)
    and Prof. Sarah Springman, Rector of ETH Zurich.
  • The MoU aims to help the Konkan
    Railway in establishing the George Fernandes Institute of Tunnel Technology
    (GFITT) at Goa, especially for assimilation and dissemination of knowledge in
    the field of tunnelling.

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News related to India & states
PM Modi inaugurates annual conference ‘Rajaswa Gyan Sangam’ in Delhi

  • Prime Minister Narendra Modi
    inaugurated the annual conference, Rajaswa Gyan Sangam, 2017 at Vigyan Bhawan,
    New Delhi on 1 September 2017.
  • The conference, jointly organised
    by the Central Board of Direct Taxes and the Central Board of Excise and
    Customs, will be held from 1 to 2 September 2017. Modi inaugurated the function
    in the presence Union Finance Minister and Ministers of State (Finance).
  • The Prime Minister addressed the
    tax administrators during the conference. The closing function would be
    conducted on 2 September 2017.
  • The conference would host several
    Joint Sessions of the officers of the two Boards.
  • One of the plenary sessions will
    be addressed by Sadhguru Jaggi Vasudev on the first day. He would be speaking
    on ‘Inner Engineering – Technologies for Well Being’.
  • Central Vigilance Commissioner K
    V Chowdary would be addressing the joint session on the second day.
  • Besides this, separate technical
    sessions of each Board will also be held.
  • Discussions will also be held on
    issues arising in the implementation of policies and strategies to achieve
    targets in core functional areas.
  • Crucial issues including Tax
    Evasion, GST, Customs Reforms, Litigation Management, HR issues and
    Modernisation would also be discussed.
Sunil Arora appointed Election Commissioner

  • Former bureaucrat Sunil Arora on
    31 August 2017 was appointed the Election Commissioner of India.
  • Arora’s appointment will be
    effective from the day he assumes charge.
  • After Nasim Zaidi retired as
    Chief Election Commissioner in July 2017, there was a vacancy in the Election
    Commission of India. While Achal Kumar Joti is the Chief Election Commissioner
    (CEC) and the Om Prakash Rawat is the other Election Commissioner.
  • Before being appointed as the
    Election Commissioner, Arora had been the Information and Broadcasting
    Secretary, and Secretary in the Ministry of Skill Development and
  • A 1980-batch IAS officer of the
    Rajasthan cadre, Arora has worked in ministries such as Finance, Textiles and
    Planning Commission. He also served as Joint Secretary in the Ministry of Civil
    Aviation during 1999-2002 and CMD, Indian Airlines for five years.
Rajiv Mehrishi appointed as Comptroller and Auditor General

  • Rajiv Mehrishi was on 31 August
    2017 appointed as the Comptroller and Auditor General (CAG) of India. Mehrishi
    retired as Union Home Secretary on 30 August 2017.
  • Mehrishi will succeed incumbent
    Shashi Kant Sharma who will complete his tenure on 23 September 2017. Sharma
    assumed the office of CAG in May 2013.
  • Mehrishi is the first Home
    Secretary who completed his two-year tenure after the NDA government came to

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IGCAR nuclear scientist U Kamachi Mudali appointed as Chief of Heavy
Water Board

  • Nuclear scientist U Kamachi
    Mudali in August 2017 was appointed the Chief Executive of the Heavy Water
    Board, one of the industrial units under the Department of Atomic Energy.
  • The appointment was announced on
    31 August 2017 by the Indira Gandhi Centre for Atomic Research (IGCAR).
  • Mudali assumed the charge of the
    Board on 1 September 2017.
  • Prior to being appointed as the
    Chief of the Heavy Water Board, he served as the Group Director of the IGCAR at
  • An M.Tech from the Indian
    Institute of Technology-Bombay, Mudali specialised in advanced materials,
    corrosion, coating technology, and reprocessing research and development at the
    IGCAR. He has studied for Applied Science degrees at Coimbatore Institute of
    Technology and PSG College of Technology.
Rajiv Kumar appointed as new DFS Secretary

  • Senior bureaucrat Rajiv Kumar was
    appointed as the Secretary in the Department of Financial Services (DFS), as
    part of a major reshuffle that was brought into effect on 31 August 2017.
  • In his new position, Kumar would
    be succeeding Anjuly Chib Duggal, who retired from the post on the same day.
    The development was announced by an order issued by the Department of Personnel
    and Training (DoPT).
  • The authority of the Department
    of Financial Services covers the functioning of banks, financial institutions,
    insurance companies and the national pension system.
Anita Karwal replaces RK Chaturvedi as CBSE chairperson

  • IAS officer Anita Karwal was
    appointed as the new Chairperson of Central Board of Secondary Education, CBSE
    on 31 August 2017.
  • The 1988-batch officer from
    Gujarat cadre is currently serving as additional secretary in HRD Ministry. She
    was the Gujarat Chief Electoral officer during the Lok Sabha election in 2014.
  • She would be replacing Rajesh
    Kumar Chaturvedi, who has been appointed as Director General of the National
    Skill Development Agency.
CSIR ranked 9th public research institution of the world

  • The Council of Scientific and
    Industrial Research (CSIR), India’s largest autonomous public research and
    development organisation, in August 2017 was ranked 9th best government
    organisation in the world.
  • As per the Scimago Institutions
    ranking World Report 2017, the CSIR has been ranked ninth amongst a total of
    1207 government institutions.
  • With this ranking, CSIR joins the
    ranks of the globally renowned organisations namely Chinese Academy of
    Sciences, France’s Centre National de la Recherche Scientifique, Germany’s
    Helmholtz Gemeinschaft and Max Planck Gesellschaft, Russian Academy of
    Sciences, Japan Science and Technology Agency, and many more.
  • The ranking (Government
    Institutions) was topped by the Chinese Academy of Sciences, followed by Centre
    National de la Recherche Scientifique and Helmholtz Gemeinschaft, respectively.
  • In overall global ranking, CSIR
    stands at 75th position amongst 5250 institutions world-wide. It is the only
    Indian organisation which has found place amongst the Top 100 Global Institutions.
  • The overall global ranking was
    topped by Chinese Academy of Sciences, followed by Centre National de la
    Recherche Scientifique and Harvard University, respectively.
  • The ranking is based on a
    composite indicator that combines research performance, innovation outputs and
    societal impact measured by their web visibility, so as to reflect scientific,
    economic and social characteristics of institutions.
Awards & Honors
Konkani writer Mahabaleshwar Sail receives 2016 Saraswati Samman
  • Prominent Konkani writer
    Mahabaleshwar Sail was on 31 August 2017 presented with the Saraswati Samman
    2016 for his novel ‘Hawthan’.
  • The novel ‘Hawthan’, published in
    2009, captures cultural lives of traditional potter community in Goa.
  • Mahabaleshwar was selected for
    the award by a jury presided by the 29th Chief Justice of India (CJI) AS Anand.



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