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Current Affairs Today – 17th September 2019
BANKING AND FINANCE CURRENT AFFAIRS
Allahabad Bank board approves merger with Indian Bank
- Allahabad Bank approved the merger proposal with Indian Bank.
- The main aim is to make the amalgamated entity the seventh-largest public sector lender of the country.
- The board of directors in a meeting held considered and accorded its in-principle approval for amalgamation of Allahabad Bank into Indian Bank.
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Allahabad Bank: It is the oldest joint stock bank in India. On 24 April 2014, the bank entered into its 150th year of establishment.
- Headquarters: Kolkata
- Founded: 24 April 1865
- Tagline: A tradition of trust
- MD & CEO: S. S. Mallikarjuna Rao
Indian Bank: Indian Bank is an Indian state-owned financial services company .It has 20,924 employees, 2900 branches with 2861 ATMs and 1014 cash deposit machines and is one of the top performing public sector banks in India.
- Established: 1907
- Headquarters: Chennai
- Tagline: Your Own Bank
- CEO: Padmaja Chunduru
RBI Allows Payment Of All Recurring Bills Through BBPS
- RBI expanded the scope of Bharat Bill Payment System (BBPS) to cover all repetitive bill payments.
- They may include school fees, insurance premiums and municipal taxes.
- Currently, the facility of payment of recurring bills through BBPS is available only in five segments namely direct to home (DTH), electricity, gas, telecom and water.
- BBPS functions under the aegis of National Payments Corporation of India (NPCI).
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RBI: The Reserve Bank of India is India’s central banking institution, which controls the issuance and supply of the Indian rupee.
- Founded: 1 April 1935, Kolkata
- Headquarters: Mumbai
- Governor: Shaktikanta Das
- Deputy Governors: B P Kanungo, M K Jain, N S Vishwanathan
Bharat Bill Payment System (BBPS)
BBPS is an integrated bill payment system which offers interoperable bill payment service to customers online as well as through a network of agents on the ground. The system will provide multiple payment modes and instant confirmation of payment.
- Owner: NPCI
- Operating area: India
- Founded: 2013
NPCI: The National Payments Corporation of India is an umbrella organisation for operating retail payments and settlement systems in India.
- Headquarters location: Mumbai
- Founded: 2008
- CEO: Dilip Asbe
- COO: Ms. Praveena Rai
- CTO: Dr. N. Rajendran
- Chief digital officer: Mr. Arif Khan
- Founders: Reserve Bank of India, Indian Banks’ Association
BUSINESS AND ECONOMY
BEML and Wipro to work together in aerospace AI and 3D printing
- Defence PSU BEML Ltd and Wipro Infrastructure Engineering signed an MoU to work together in the areas of aerospace, industrial automation, 3-D printing artificial intelligence and hydraulic system engineering.
- The key focus areas include aerospace components and parts through SEZ, metal additive manufacturing and design optimization for new critical aggregates, legacy components & spares, and process automation.
- BEML has a strong lineage of being a heavy engineering company.
- The main focus is on emerging technologies like 3-D printing and industrial automation.
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BEML: Bharat Earth Movers Limited, now known as BEML, is an Indian Public Sector. It manufactures a variety of heavy equipment, such as that used for earth moving, transport and mining.
- Headquarters: Bengaluru
- Founded: May 1964, Bengaluru
Wipro: WIPRO Limited is an Indian multinational corporation that provides information technology, consulting and business process services.
- CEO: Abidali Neemuchwala (1 Feb 2016–)
- Founder: M.H. Hasham Premji
- Owner: Azim Premji
NATIONAL CURRENT AFFAIRS
ECGC launches scheme “Nirvik” to ease the lending process
- Ministry of Commerce & Industry through Export Credit Guarantee Corporation has introduced a new Export Credit Insurance Scheme called NIRVIK.
- The Niryat Rin Vikash Yojana has been launched to enhance loan availability to exporters and to ease the lending process.
- Under the new scheme NIRVIK, up to 90 per cent of the principal amount and interest will be covered through insurance.
- During the launch, Commerce Minister Piyush Goyal revealed that Central government will give support of Rs 8,500 crore to Export Credit Guarantee Corporation of India in the next 5 years.
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- Union Minister of Commerce and Industry: Piyush Goyal
ECGC: The ECGC Limited is a company wholly owned by the Government of India based in Mumbai, Maharashtra. It provides export credit insurance support to Indian exporters and is controlled by the Ministry of Commerce. Government of India had initially set up Export Risks Insurance Corporation in July 1957.
- Headquarters: Mumbai
- Founded: 30 July 1957
- Key person: Geetha Muralidhar
India’s 1st National Antimicrobial Resistance Hub set up in Kolkata
- India’s first National Antimicrobial Resistance Hub was recently inaugurated in Kolkata.
- The Kolkata centre would be the hub for research on antibiotic resistance not only for the country but for the entire South Asia.
- The centre was jointly inaugurated by the ICMR, in association with the U.S. Consulate of Kolkata and the U.S. Department of Health and Human Services.
Union Government Launches Web Portal to Find Your Lost or Stolen Mobile Phone
- Department of Telecommunications (DoT) unveiled a portal in Mumbai which will help mobile phone users trace their stolen or lost mobile phones.
- The name of the project is called the Central Equipment Identity Register (CEIR).
- This project is aimed at blocking of reported lost or stolen mobile phones across mobile networks, discouraging their theft, as well as facilitating in tracing of such phones.
- DoT launched a maritime communications service and revealed VSAT solutions provider Nelco will undertake broadband services in the maritime sector.
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Department of Telecommunications (DoT)
DoT has been working on CEIR since 2017. It will have a database of all IMEI numbers in India since 2017. It will also have access to GSM Association’s (GSMA) worldwide database of IMEI numbers to compare and detect mobile phone with counterfeit IMEI numbers.
- Founded: 1985
- Headquarters: New Delhi
Union Government launches steel import monitoring system
- The union government launched a steel import monitoring system (SIMS) to provide advance information about steel imports to various stakeholders including producers and importers to have effective policy interventions.
- Minister of Commerce and Industry Piyush Goyal and his junior colleague Hardeep Singh Puri launched the system developed in consultation with Ministry of Steel on the pattern of US Steel Import Monitoring and Analysis (SIMA) system.
STATE CURRENT AFFAIRS
Manipur to host UN conference on drugs on HIV AIDS
- Manipur Governor Najma Heptulla announced that the state is going to host the United Nations International Conference to discuss the issues related to drug menace, HIV/AIDS problems in the region on September 30 and October 1.
- Heptualla made the announcement during the 13th Foundation Day Celebration of the Manipur State Commission for Women (MSCW) held at Hotel Imphal.
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Manipur:
- Capital: Imphal
- Chief Minister: Nongthombam Biren Singh
- Governor: Najma Heptulla
- National Park: Keibul Lamjao National Park
- Wildlife Sanctuary: Khongjaingamba Ching WLS, Yangoupokpi-Lokchao WLS
BMC announces cash prizes ranging from Rs. 10 lakh to 1 crore to encourage waste management
- The Brihanmumbai Municipal Corporation (BMC) has declared cash prizes ranging from Rs. 10 lakh to 1 crore to encourage waste management.
- the BMC will select six NGOs per zone, of which the best performing NGO will be awarded Rs. 50 lakh, the second Rs. 25 lakh, the third Rs. 10 lakh and the others Rs. 5 lakh each.
- However, this money will have to be used towards development work in the respective areas only.
- Five Corporators per zone who take considerable efforts to promote cleanliness in their wards will receive between Rs. 10 lakh and Rs. 50 lakh for their development fund.
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BMC: The Municipal Corporation of Greater Mumbai, also known as Brihanmumbai Municipal Corporation, is the governing civic body of Mumbai, the capital city of Maharashtra. It is India’s richest municipal corporation. The MCGM’s annual budget exceeds that of some of India’s smaller states.
- Founded: 1888
- Headquarters location: Mumbai
- Type of business: Municipal Corporation
INTERNATIONAL CURRENT AFFAIRS
Anjali Singh becomes India’s first female military diplomat
- Anjali Singh became India’s first female military diplomat to be posted in any of the Indian missions abroad.
- Singh joined the Indian Embassy in Russia as the Deputy Air Attache. Singh is trained on MiG-29 fighter aircraft, joined her new assignment on September 10.
- She is the first female Indian Armed Forces Officer to be posted as a military diplomat in any of the Indian missions abroad.
38th Sharjah Intl. Book Fair to be organized from 30th Oct to 9th of Nov
- The 38th edition of the Sharjah International Book Fair (SIBF) will be organized from 30th of October to 9th of November this year.
- Authors, publishers, intellectuals and artists worldwide will bring their experiences and expertise to this prominent event and partake in a vibrant cultural programme.
- UNESCO has named Sharjah as the World Book Capital City for the year 2019 in recognition of the city’s continuous efforts in promoting books and literacy.
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UNESCO: The United Nations Educational, Scientific and Cultural Organization is a specialized agency of the United Nations based in Paris, France.
- Headquarters: Paris, France
- Head: Audrey Azoulay
- Founded: 16 November 1945, London, United Kingdom
- Formation: 4 November 1946; 72 years ago
Bangladesh govt proposes to set up monument in Tripura in memory of martyrs of 1971 Bangladesh Liberation War
- Bangladesh government has proposed to set up a monument in Tripura in memory of the martyrs of 1971 Bangladesh Liberation War.
- The Seikh Hasina Government is ready to take up necessary steps if Tripura Government offers land for the purpose. The meeting was held on Monday at the state Civil Secretariat in Agartala.
- The Chief Minister also focused on destination- to- destination loading and unloading of goods-laden lorries coming from Bangladesh through Integrated Check Post.
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Bangladesh (Capital/Currency): Dhaka/Taka
- Prime Minister: Sheikh Hasina
Tripira:
- Capital: Agartala
- Chief Minister: Biplab Kumar Deb
- Governor: Biplab Kumar Deb
- National Park: Clouded Leopard National Park, Rajbari National Park
- Wildlife Sanctuary: Gumti WLS, Rowa WLS, Sepahijala WLS, Trishna WLS
AGREEMENTS AND MOU SIGNED
India, Slovenia sign seven agreements and MoUs in various fields
- President Ram Nath Kovind and his Slovenian counterpart Borut Pahor have agreed to strengthen multilateralism and promote multi-polar world.
- Mr Kovind held a bilateral meeting with President Pahor at Lubliyana, the capital city of Slovenia.
- President Kovind thanked Slovenian President for supporting India in its fight against cross border terrorism.
- Slovenian President expressed his commitment for greater ties with India.
- India and Slovenia signed seven agreements and MoUs in diverse fields in the presence of President Ram Nath Kovind and President Pahor.
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Slovenia (Capital/Currency): Ljubljana/Euro
- President: Borut Pahor
APPOINTMENT
Ramkumar Ramamoorthy appointed as CMD of Cognizant India
- Cognizant Technology Solutions has appointed Ramkumar Ramamoorthy as Chairman and Managing Director of Cognizant India.
- Ramkumar Ramamoorthy has played a leading role marketing and communications, market research and intelligence, public affairs, and knowledge management in his 21 plus years of experience in the company.
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Cognizant: Cognizant is an American multinational corporation that provides IT services, including digital, technology, consulting, and operations services. It is headquartered in Teaneck, New Jersey, United States. Cognizant is part of the NASDAQ-100 and trades under CTSH.
- Headquarters: Teaneck, New Jersey, United States
- CEO: Brian Humphries
Journalist Ajay Kumar Singh is new Press Secretary to President Ram Nath Kovind
- Ajay Kumar Singh appointed as Press Secretary to President Ram Nath Kovind.
- He is currently associated with the Firstpost as a contributor.
- He succeeds Ashok Malik.He worked in Times of India in 1985, Economic Times and the Telegraph.
- He later joined the Pioneer in Delhi.
SPORTS CURRENT AFFAIRS
Spain beats Argentina to win Basketball World Cup
- Spain defeated Argentina by 95-75 to win the Basketball World Cup held in Beijing, China. This was its second title win after 13 years.
- The next world cup will held in 2023 in Japan, Indonesia and the Philippines.
- Spain had won the title last time in 2006 with a 70-47 win over Greece.
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Spain (Capital/Currency): Madrid/Euro
- President: Pedro Sánchez
Greece (Capital/Currency): Athens/Euro
- President: Prokopis Pavlopoulos
Japan (Capital/Currency): Tokyo/Yen
- Prime Minister: Shinzo Abe
Pankaj Advani wins his record 22nd world billiards title
- Pankaj Advani increased his tally of world titles to twenty-two by winning the fourth final within the 150 at the IBSF World Billiards Championship on 14th Sept 2019 in Mandalay of Myanmar.
- Pankaj Arjan Advani is an Indian billiards and snooker player. he won Indian National Championship titles in 5 completely different years: 2005, 2008, 2012, 2017 and recently in 2019.
- The IBSF World table game Championship is the premier international and non-professional tournament for the English billiards sanctioned by the International Billiards and Snooker Federation in 1973.
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IBSF: The International Billiards & Snooker Federation is the organisation that governs non-professional snooker and English billiards around the world.
- Founded: 1971
- President: Mubarak Al-Khayarin (Qatar)
- Headquarters: Dubai, United Arab Emirates
Mayank Vaid becomes first Indian to complete Enduroman triathlon
- Mayank Vaid becomes the first Indian to complete the Enduroman.
- It is a triathlon from England to France which is considered to be one of the toughest endurance competitions in the world.
- He is the 44th person in the world to have completed this triathlon.
- He is also the first Asian person to complete this triathlon in solo capacity.
Sumit Nagal achieves Best ATP Ranking
- India’s Sumit Nagal jumped 15 places to achieve a career-high ranking of 159 in the latest Association of Tennis Professionals ATP rankings.
- The 22-year-old from Haryana ended runners up in the Banja Luka ATP Challenger following a first-round appearance at the US Open.
- He is the second highest-ranked Indian on the ATP at No. 174. Prajnesh Gunneswaran continues to be the No. 1 in the country.
- He earned 48 points in Bosnia. He is an Indian tennis player.
- Wimbledon Title: He won the 2015 Wimbledon boys doubles title
- Grand slam: He became the sixth Indian player to win a junior Grand Slam title.
DEFENCE CURRENT AFFAIRS
Trilateral Exercise “SITMEX” Commences at Port Blair
- A maiden trilateral exercise SITMEX, involving Republic of Singapore Navy (RSN), Royal Thailand Navy (RTN) and Indian Navy (IN) started at Port Blair.
- The exercise aims to bolster the maritime inter-relationships among the Singapore Thailand and India, and contribute significantly to enhance the overall maritime security in the region.
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Thailand (Capital/Currency): Bangkok/Bhatt
- Prime Minister: Prayut Chan-o-cha
Singapore (Capital/Currency): Singapore city/ Singapore dollar
- President: Halimah Yacob
Bharat Electronics Limited to deliver more Akash missiles to Indian Air Force
- State-run Bharat Electronics Ltd signed a contract with the Ministry of Defence (MoD) in New Delhi.
- The main aim is to deliver its surface-to-air Akash missile systems to seven more squadrons of the Indian Air Force.
- They are at a cost of Rs 5,357 crore over the next three years.
- The missiles are designed and developed by the state-run Defence Research and Development Organisation (DRDO) and produced by the Hyderabad-based Bharat Dynamics.
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Akash Missiles: Akash is a medium-range mobile surface-to-air missile defense system .
- Developed : Defence Research and Development Organisation
- Produced : Bharat Dynamics Limited for Missile Systems and Bharat Electronics for other radar control centers in India.
Bharat Electronics Limited: Bharat Electronics Limited is an Indian state-owned aerospace and defence company with about nine factories, and several regional offices in India. It is owned by the Indian Government and primarily manufactures advanced electronic products for the Indian Armed Forces.
- Headquarters: Bengaluru
- Owner: Government of India
- Established: 1964
- CEO: Nalin Singhal
DRDO: The Defence Research and Development Organisation is an agency of the Government of India, charged with the military’s research and development.
- Founded: 1958
- Headquarters: New Delhi
- Motto: बलस्य मूलं विज्ञानम्; “Strength’s Origin is in Science” (Sanskrit)
- Chairman: Dr G. Satheesh Reddy
AWARDS
Agnes Kharshiing conferred the 11th International Hrant Dink Award
- Meghalaya-based rights activist Agnes Kharshiing, who survived an assault by the coal mafia almost a year ago, received the 11th International Hrant Dink Award.
- She received the award along with Turkish activist against male violence, Nebahat Akkoc.
- The two activists were presented the award that commemorates the memory of Turkish-Armenian journalist Hrant Dink, who was killed in 2007, in Istanbul.
- The Hrant Dink Award is presented every year to individuals, organisations or groups that work for a world free from discrimination, racism and violence.
Neena Gupta wins two awards at Boston Film Festival
- Bollywood actor Neena Gupta has won 2 awards at Indian International Film Festival of Boston. The actress won the Best Actress award for ‘Badhaai Ho‘ and her film ‘The Last Color‘ emerged victorious in Best Feature Film category.
- ‘The Last Color’ was directed by Vikas Khanna.
- The film deals with taboo surrounding widows in Vrindavan and Varanasi in India.
Bangladesh School project wins Aga Khan Architecture Award
- Arcadia Education Project which involves construction of floating school for marginalised children in South Kanarchor of Bangladesh, has been awarded the prestigious Aga Khan Architecture Award 2019.
- The award ceremony was held in Kazan, republic of Tatarastan.
- The architect of the project Saif Ul Haque designed a school which remains on the ground during dry season and floats when the area is submerged in water during monsoon.
- He utilised only the local material-bamboo, used tyres and steel drums for constructing the amphibious structure for school.
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Bangladesh (Capital/Currency): Dhaka/Taka
- Prime Minister: Sheikh Hasina
Bangladesh PM receives Dr Kalam Smriti International Excellence Award
- Bangladesh Prime Minister Sheikh Hasina received the Dr Kalam Smriti International Excellence Award 2019 in Dhaka.
- The award citation lauded Prime Minister Hasina for her vision of a peaceful and prosperous South Asia, free of tension, conflicts and terrorism.
- The award has been instituted in the memory of former President Dr. A.P.J. Abdul Kalam.
- The award is given every year to honour statesmen or leaders who have shown excellence in respective fields to achieve the best for their countries.
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Bangladesh (Capital/Currency): Dhaka/Taka
- Prime Minister: Sheikh Hasina
Microsoft Bill Gates to Honour PM Modi with Annual Goalkeepers Global Goals Award
- Microsoft Bill Gates honor India Prime Minister Narendra Modi in Jammu and Kashmir after the abrogation of Article 370 which gave the state its special status.
- Narendra Modi will receive its annual Goalkeepers Global Goals Award for providing 500 million people in India safer sanitation.
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Microsoft Corporation is an American multinational technology company with headquarters in Redmond, Washington. It develops, manufactures, licenses, supports, and sells computer software, consumer electronics, personal computers, and related services.
- Headquarters: Redmond, Washington, United States
- Founders: Bill Gates, Paul Allen
- CEO: Satya Nadella
OBITUARIES
Former A.P. Assembly Speaker Kodela Siva Prasada Rao passes away
- Former speaker of Andhra Pradesh Assembly Kodela Siva Prasada Rao passed away.
- He was a 6-time MLA elected to the Andhra Pradesh Assembly.
- He served as the Speaker of Andhra Pradesh Assembly from 2014 to 2019.
- He also served as a minister in the NT Rama Rao and Chandrababu Naidu governments of Andhra Pradesh.
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Andhra Pradesh:
- Capital: Amravati
- Chief Minister: S. Jaganmohan Reddy
- Governor: Biswabhusan Harichandan
- National Park: Sri Venkateswara National Park, Rajiv Gandhi National Park, Papikonda National Park
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