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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