Current Affairs Update – 6 September, 2017

Hello and welcome to exampundit. Here are the Important Current Affairs of 5 September, 2017. These are very important for the upcoming IBPS PO, IBPS RRB, OICL AO, UIIC Assistant & NICL Assistant Exams.

Banking & Financial
Country’s first Hyperloop in AP: Amaravati to Vijayawada in 5 minutes

  • The Los Angeles-based Hyperloop
    Transportation Technologies (HTT) has signed a Memorandum of Understanding
    (MoU) with the Andhra Pradesh government to develop a ‘ superfast’ short-distance
    transport facility between Vijayawada and the state’s upcoming capital,
  • The project will employ HTT’s
    patented technology to bring down travel time to less than 5 minutes.
  • During the initial phase of the
    project, HTT will conduct a six-month long feasibility study from October. The
    firm will subsequently introduce its Hyperloop Transportation System for the
    first time in India as the project enters Phase 2.
  • According to the state
    government, the project would take off from Amravati.
  • According to the Andhra Pradesh
    Economic Development Board (APEDB), the project could shape the future of
    transportation within the state. “By collaborating with Hyperloop,
    Amaravati is embracing a prototype for the mobility of tomorrow,” said Krishna
    Kishore, the chief executive officer of APEDB.
RBI releases 2017 list of Domestic Systemically Important Banks

  • Reserve Bank of India (RBI) has
    released its 2017 list of the Domestic Systemically Important Banks (D-SIBs).
    The list identifies private sector lender HDFC Bank Ltd as a D-SIB. With this
    inclusion in the list, the HDFC has joined State Bank of India (SBI) and ICICI
    Bank Ltd, which has been tagged as D-SIBs or too-big-to-fail for the
    consecutive third year.
  • Reports say that with such
    classification failure or collapse of these lenders can have a cascading impact
    on the entire financial system and the economy of the country. SIBs are
    subjected to higher levels of supervision so as to prevent disruption of
    financial services in the event of any failure.
  • In a statement, RBI has said,
    “The additional Common Equity Tier 1 (CET1) requirement for D-SIBs has already
    been phased-in from 1 April 2016, and will become fully effective from April 1,
    2019. The additional CET1 requirement will be in addition to the capital conservation

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Assam Government sets up Direct Benefit Transfer cell for
implementation of DBT scheme

  • The state government of Assam has
    set up a Direct Benefit Transfer (DBT) Cell for the implementation of DBT
    across schemes in the country.
  • The purpose of setting up the
    cell is also to coordinate efforts at the state level in taking the DBT
    initiative forward with immediate effect.
  • While the Chairman of the cell
    will be the Chief Secretary of Assam, its convenor would be Additional Chief
    Secretary/ Principal Secretary of the state’s finance department.
Main functions of the cell

  • It will coordinate with Central
    Ministries and distribute the directives to the respective departments in the
  • It will closely monitor and
    evaluate the progress of various departments on DBT related indicators.
  • It will further function as the
    research unit to explore the possibility of using information technology for
    better service delivery across a range of government services in the state.
India, Myanmar sign 11 Agreements

  • India and Myanmar on 6 September
    2017 signed eleven agreements following delegation-level talks headed by Indian
    Prime Minister Narendra Modi and Myanmar State Counsellor Aung San Suu Kyi at
    Nay Pyi Taw, Myanmar.
  • These 11 agreements were signed
    in a range of sectors including one on maritime security cooperation to further
    strengthen their multifaceted partnership.
Highlights of the 11 Agreements

  1. A Memorandum of Understanding
    (MoU) was signed between the Election Commission of India and Union Election of
  2. An MoU was signed on cooperation
    between Myanmar Press Council and the Press Council of India.
  3. Both the sides signed an
    agreement for cultural exchange programme for the years 2017 to 2020.
  4. Two MoUs were signed on
    establishment of the India-Myanmar Centre for Enhancement of IT Skill and the
    Myanmar Institute of Information Technology (MIIT).
  5. Two other MoUs were signed on
    medical products regulation and in the field of health and medicine.
  6. Another MoU was signed on
    enhancing cooperation for upgrade of the Women’s Police Training Centre at
    Yamethin, Myanmar.
  7. The two sides also signed an
    agreement for sharing white shipping information to improve data sharing on
    non-classified merchant navy ships or cargo ships.
  8. An MoU on Maritime Security
    Cooperation was also signed.
  9. A Technical Agreement was signed
    between both the sides for providing Coastal Surveillance System.
News related to India & states
First batch of 1000 E-rickshaws ‘SmartE’ launched in Gurugram

  • Union Minister for Road Transport
    and Highways Nitin Gadkari on 4 September 2017 launched a fleet of first batch
    of 1000 E-rickshaws from Huda City Centre metro station in Gurugram.
  • The e-rickshaw fleet will provide
    cost effective and pollution free substitute in transport system of Gurugram
    along with generating employment opportunities for marginalised youth.
  • Key Highlights
  • These e-rickshaws were
    manufactured in India and are fitted with GPS and tracking system.
  • The E rickshaw fleet is operated
    by Treasure Vase Ventures Private Limited in partnership of Delhi Metro under
    the ‘SmartE’ brand name.
  • SmartE will provide the last mile
    transport connectivity to metro commuters in the area and will provide
    meaningful self-employment for over 100000 marginalised youths in next 4-5
  • SmartE established strategic
    partnerships with the Haryana government (HSIIDC) and Delhi Metro Rail
    Corporation to launch 1000 vehicles in Gurugram and Faridabad in 2017.

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NITI Aayog launches the National Nutrition Strategy

  • To make sure that malnutrition
    (Kuposhan) bids a good bye to India, NITI Aayog on 5 September 2017 launched
    the National Nutrition Strategy aimed at Kuposhan Mukt Bharat. Under the
    strategy, the problem of malnutrition will be eradicated in a phased manner.
  • The strategy intends at bringing
    nutrition to the center-stage of the National Development Agenda. The strategy
    was launched jointly by the leader of the Green Revolution, Dr. M S
    Swaminathan, Padma Shri H Sudarshan and Vice Chairman of NITI Aayog Dr. Rajiv
    Kumar and Member Dr. Vinod Paul in New Delhi.
  • The National Nutrition Strategy
    was formulated through an extensive consultative process and lays down a
    roadmap for effective action, among both implementers and practitioners, in
    achieving our nutrition objectives.
  • The nutrition strategy calls for
    convergence between four proximate determinants of nutrition – food, health
    services, income & livelihoods and drinking water & sanitation.
  • The Nutrition Strategy framework
    envisages a Kuposhan Mukt Bharat – linked to Swachh Bharat and Swasth Bharat.
    It enables states to make strategic choices, through decentralized planning and
    local innovation, with accountability for nutrition outcomes.
World News
Donald Trump revokes Obama’s amnesty programme, 7000 Indian Americans
to be affected

  • US President Donald Trump on 5
    September 2017 scrapped an amnesty programme introduced during Obama’s term
    that granted work permits to immigrants who arrived in the country illegally as
  • The move is likely to impact over
    800,000 undocumented workers including more than 7000 Indian-Americans.
  • The announcement was made by US
    Attorney General Jeff Sessions, who said that the programme known as DACA
    (Deferred Action for Children Arrival) that was effectuated under the Obama
    Administration is being withdrawn.
  • Defending the decision, Sessions
    said that to have a lawful system of immigration that serves the national
    interest, one cannot admit everyone who would like to come here.
  • He further said that the nation
    must set and enforce a limit on how many immigrants it will admit each year and
    that means all cannot be accepted. “This does not mean they are bad people
    or that our nation disrespects or demeans them in any way. It means we are
    properly enforcing our laws as Congress has passed them,” Sessions added.
Awards & Honors
N R Narayana Murthy conferred with PLuS Alliance Prize 2017

  • Infosys co-founder N R Narayana
    Murthy was on 3 September 2017 conferred with the PLuS Alliance Prize 2017
    along with Mumbai-born scientist Veena Sahajwalla. Both the winners received
    USD 50000 as cash prize.
  • Both the winners were recognised
    for the development and implementation of innovative solutions to significant
    global issues.
  • Murthy was presented the PLuS
    Alliance Prize for Global Leadership while Sahajwalla was awarded the Prize for
    Research Innovation for her project ‘The new science of green manufacturing.
  • The awards were presented to
    Murthy, Sahajwalla and the other winners by Professor Sir Malcolm Grant,
    Chairman of NHS England and Chair of the PLuS Alliance Advisory Board at the
    T-H-E World Academic Summit in London.
UNESCO announces winners for Girls’ and Women’s Education Prize 2017

  • The United Nations Educational,
    Scientific and Cultural Organization (UNESCO) in September 2017 announced the
    winners of 2017 edition of the UNESCO Prize for Girls’ and Women’s Education.
  • UNESCO Director-General Irina
    Bokova announced the names of the two laureates from Peru and Thailand
    recommended by an International Jury.
  • Each of the two organisations was
    honoured with the prize money of USD 50000 at an official ceremony held in
    Xiamen, People’s Republic of China, on 5 September 2017.
  • The Development and Education
    Programme for Daughters and Communities Centre in the Greater Mekong Sub-Region
    (DEPDC/GMS) in Thailand is awarded for its project entitled “Education and Life
    Skills Training Programme to Help Stateless Children and Women Migrating from
    Shan State to Thailand”.


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Team ExamPundit