Current Affairs Update – 8 to 11, 2017

Hello and welcome to exampundit. Here are the Important Current Affairs of 8,9,10 & 11 September, 2017. These are very important for the upcoming IBPS PO, IBPS RRB, OICL AO, UIIC Assistant & NICL Assistant Exams.
Banking & Financial
News
RBI uses Currency Verification & Processing Machine for processing
currency notes

  • The Reserve Bank of India (RBI)
    on 10 September 2017 stated that it uses sophisticated Currency Verification
    & Processing (CVPS) Machines for checking numerical accuracy and
    genuineness of the currency notes including Specified Bank Notes of Rs 500 and
    Rs 1000 instead of counting machines.
  • As per RBI, the Currency
    Verification & Processing (CVPS) machines are way superior to the note
    counting machines.
  • With a view to augment the
    processing capacity, RBI uses these machines in two shifts and has also been using
    other machines that are temporarily drawn from commercial banks after suitable
    modifications.
  • RBI is also exploring other
    options to augment processing capacity even further.
Bharat Petroleum Corporation to get Maharatna status

  • The Bharat Petroleum Corporation
    (BPCL) is all set to become a Maharatna company. The company is currently a
    Navratna firm.
  • The decision to grant Maharatna
    status to BPCL was taken by a panel headed by the Cabinet secretary.
  • The Maharatna and Navaratna
    state-owned units operate in strategic fields such as petroleum, power supply,
    coal, heavy engineering, transportation services and telecommunications.
  • As per the government rules, a
    firm is eligible for Maharatna status if it is already a listed Navratna firm,
    has an average turnover at least Rs 25000 crore, net worth of Rs 15000 crore
    and an annual net profit after tax of Rs 5000 crore in the last three years. In
    addition, the fim should have significant global operations.
  • At present, there are seven
    Maharatna companies. They are Bharat Heavy Electricals, Coal India, GAIL
    (India), Indian Oil Corporation, NTPC, Oil and Natural Gas Corporation and
    Steel Authority of India.
Assam government to provide skill training to 30000 surrendered
militants

  • The Assam government would be
    providing skill development training to around 30,000 surrendered militants.
  • The information was shared by the
    Mission Director of Assam Skill Development, A P Tiwari who said that the
    training will also be extended to jail inmates.
  • Along with providing training to
    the surrendered militants, the Assam government would be training over 24000
    Assamese youth under the Prime Minister Kaushal Vikash Yojna.
  • The Assam Skill Development
    Mission would be providing skill training in 40 sectors.
  • The training sessions would be
    starting by the end of September 2017.
  • The training centres would be set
    up at the Block level.
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Government sets up online facility for effective resolution of foreign
trade-related issues

  • The Union government has set up
    an online service facility, [email protected], which can be used by importers and
    exporters to resolve all foreign trade-related issues.
  • The information was shared
    through an official statement issued on 8 September 2017. According to the
    statement, the directorate general of foreign trade (DGFT), which comes under
    Ministry of Commerce, has asked all exporters and importers to use the system
    for resolution of all their matters.
  • The facility, which has been
    activated on the DGFT website, will enable traders to raise all matters related
    to the Directorate or other agencies of the Centre and States.
  • The DGFT in a notice to all
    regional authorities, export promotion councils, commodity boards and members
    of trade and industry confirmed the activation of the facility and said that
    best efforts will be made for expeditious resolution.
  • Further, to ensure systematic
    monitoring and effective resolution of issues, the trade body requested the
    exporters and importers to not to send their queries through social media
    platforms such as twitter or e-mail and use [email protected] service instead.
ICAR to undertake major research works on agriculture with World Bank
fund

  • The Indian Council for
    Agricultural Research (ICAR) has decided to undertake major research works on
    agriculture with the World Bank fund of Rs 1100 crore. The research work will
    be done in 2017.
  • The information on the research
    works to be undertaken by ICAR was given by Deputy Director General of the
    national apex agricultural research body Narendra Singh Rathore.
  • Rathore informed this in the convocation
    function at the Tamil Nadu Veterinary and Animal Sciences University in Chennai
    on 7 September 2017.
  • Rathore said that the funds will
    be allocated to ten each of the premier agricultural and veterinary
    universities in the country.
  • He also said though India ranks
    first in milk production in the world, the milk yield per animal is very low as
    compared to international standards.
  • He called for research in making
    available enough fodder for cattle as it remains an area of concern now and
    also to address the climate change challenges.
  • The Vice Chancellor of the
    University Dr S Tilagar in his address said two research centers would be
    established in Tamil Nadu for research on preserving and promoting domestic
    bull species.
News related to India & states
DRDO successfully test-fires 3rd Generation Anti Tank Guided Missile
NAG

  • The Defence Research and
    Development Organisation (DRDO) on 9 September 2017 successfully test fired 3rd
    generation Anti Tank Guided Missile (ATGM) ‘Nag’.
  • The missile was tested twice
    against two different targets in the ranges of Rajasthan and it successfully
    hit both the targets under different conditions with very high accuracy as desired.
  • With this second missile test,
    the complete functionality of Nag missile along with launcher system NAMICA has
    been established. The first successful flight test of NAG missile was carried
    out in June 2017.

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Indo-US joint military training Exercise Yudh Abhyas 2017

  • Indo-US joint military training
    ‘Exercise Yudh Abhyas – 2017’ will be conducted at Joint Base Lewis McChord,
    Washington, USA from 14 to 27 September 2017 as a part of the ongoing defence cooperation
    between India and the United States (US).
  • This will be the 13th edition of
    Exercise Yudh Abhyas that is hosted alternately between the two countries.
  • Exercise Yudh Abhyas is one of
    the largest joint military training and defence corporation programme between
    India and US.
  • Exercise Yudh Abhyas will provide
    an opportunity to the armed forces of both countries to train in an integrated
    manner at Battalion level with joint planning at Brigade level.
  • Multiple scenarios will be
    rehearsed during the joint exercise with a view to understand each-other’s
    organisational structure and battle procedures.
  • The exercise is an ideal platform
    to learn from each-other’s experiences of planning and execution of operations.
Gujarat state, GCMMF, Dairies sign MoU to prevent malnutrition among
Anganwadi children

  • The Women & Child Welfare
    Department of the Gujarat Government, Gujarat Milk Marketing Federation (GCMMF)
    and three leading dairies have signed tripartite MOU to save the children of
    Anganwadi from malnutrition.
  • The MoU was signed in the
    presence of Gujarat Chief Minister, Vijay Rupani in Gandhinagar. The women and
    child welfare state minister Nirmalaben Waghwani, Chief Secretary J N Singh,
    Chairman of the milk marketing federation and Managing Directors of Banas,
    Sumul and Amul dairies and other senior officials were also present at the
    occasion.
  • The district dairies in
    cooperation with GCMMF would be providing nutritive food to more than 42 lakh
    children of 53029 Anganwadies, pregnant-mothers, foster mothers and young girls
    under the ‘Take Home Ration’ scheme.
  • Each child would get about 125
    gms of Balbhog every day and pregnant-mothers, foster-mothers and young girls
    would get devibhog of about 145 gms daily in order to provide necessary,
    sufficient calories and proteins to the body.
  • Besides this, the GCMMF has
    prepared a recipe book to teach the beneficiaries about the kind of food items
    that can be prepared from the ‘Take Home Ration’.
Appointments
Viveck Goenka elected as Chairman of PTI

  • Viveck Goenka was on 7 September
    2017 unanimously elected as the Chairman of Press Trust of India (PTI). Goenka
    succeeds Riyad Mathew of the Malayala Manorama group.
  • Prior to this appointment, Goenka
    was serving as the Vice-Chairman of PTI. The post of Vice-Chairman of PTI will
    now be administered by N Ravi, former editor-in-chief of The Hindu.
Inder Jit Singh appointed as Chairperson of NACWC

  • Inder Jit Singh was on 7
    September 2017  given the additional
    charge of the post of Chairperson of National Authority Chemical Weapons
    Convention (NACWC).
  • Presently, Singh is serving as
    the Additional Secretary in the Cabinet Secretariat and will continue to hold
    this post.
  • Inder Jit Singh is a 1985-batch
    IAS officer of Kerala cadre.

Sports News
Rafael Nadal wins US Open for his 16th Grand Slam title

  • Rafael Nadal on 10 September 2017
    won his third US Open and 16th Grand Slam title in New York.
  • Nadal defeated South Africa’s
    Kevin Anderson 6-3 6-3 6-4 to grab the prestigious title.
  • The Spaniard has now won two
    Slams in the same year for the first time since 2013, having won the French
    Open in June 2017.
  • He became the only man to win the
    same tournament 10 times by winning the Monte-Carlo Masters in 2017.
  • In 2011, he was named the Laureus
    World Sportsman of the Year.
Sloane Stephens beats Madison Keys to win US Open Women’s Singles

  • Sloane Stephens on 10 September
    2017 won her first major, the 2017 US Open Women’s Singles title, in New York.
  • Stephens defeated Madison Keys
    6-3 6-0 to grab the prestigious title.
  • The unseeded Stephens now ranks
    at No. 83 in the world.
Awards & Honors
Tahir Mahmood awarded with N R Madhava Menon Best Law Teacher Award

  • Eminent jurist Tahir Mahmood was
    on 9 September 2017 awarded with the prestigious N R Madhava Menon Best Law
    Teacher Award 2017 for his distinguished services to legal education and legal
    profession on the occasion of Law Teachers’ Day celebrations.
  • The function was organised by the
    Society of Indian Law Firms (SILF) and Menon Institute of Legal Advocacy
    Training (MILAT).
  • The awards are bestowed every
    year to honour the most deserved law teachers and institutions in India and
    across the SAARC region.
Days
International Literacy Day observed globally

  • The 51st International Literacy
    Day was celebrated across the world on 8 September 2017 with the theme
    ‘Literacy in a Digital World’.
  • The day was commemorated by a
    two-day special event at UNESCO’s headquarters in Paris on 7 and 8 September
    2017. It also saw the hosting of the 2017 UNESCO International Literacy Prize
    awards ceremony, which recognized and rewarded excellent literacy practices
    from around the world in connection with this year’s theme.
  • In India, the day was celebrated
    at Vigyan Bhawan in New Delhi with the same theme. The event comprised several
    programmes including felicitation of the dignitaries and distribution of
    Saakshar Bharat Awards to the best performing states, districts, gram
    panchayats and NGOs.
World News
India refuses to sign Bali Declaration over Rohingya issue

  • India on 7 September 2017 refused
    to sign Bali Declaration adopted at the World Parliamentary Forum on
    Sustainable Development in Indonesia.
  • The Bali Declaration referred to
    the violence against Rohingya Muslims in Myanmar’s Rakhine state.
  • The Bali Declaration called on
    all parties to contribute to restoring stability and security in the region.
  • The Declaration urged everyone to
    “exercise maximum self-restraint from using violent means, respect the human
    rights of all people in Rakhine state regardless of their faith and ethnicity,
    as well as facilitate and guarantee safe access for humanitarian assistance”.
  • The Indian delegation, led by Lok
    Sabha Speaker Sumitra Mahajan, stated that it was inappropriate and unjustified
    to refer to the Myanmar violence in particular as the forum was focused on the
    Sustainable Development Goals of all countries.
  • The delegation went on to state
    “This was in view of the fact that the declaration, which was to be adopted at
    the conclusion of the forum, was not in line with the agreed global principles
    of sustainable development.”
South Asian Women Development Forum to organise summit at Kathmandu

  • The South Asian Women Development
    Forum (SAWDF) would be organising ‘Across Barriers-International Business
    Women’s Summit’ from 11 to 12 September 2017 at Kathmandu, Nepal.
  • The two-day event aims to
    encourage partnerships between women entrepreneurs from the SAARC and ASEAN
    member countries and China.
  • The Ministry of Agriculture, US
    Embassy in Nepal and the Department for International Development (DFID), UK
    would be providing financial support to the event.
  • Around 80 delegates from 18
    countries would be participating in the event.
  • The basic objective is to bring
    together people from different sectors on a single platform and enable them to
    share their knowledge, skills, experience and ideas.
  • The event would be showcasing
    different domestic, locally manufactured products and international products.
    The aim is to create awareness about entrepreneurship amongst women.
  • Three women from India, Pakistan
    and Malaysia working in the IT sector (Information Technology) would be
    participating in the event.

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