Current Affairs Update – 14th September, 2015

Hello and welcome to ExamPundit. Here are the Important Current Affairs Update of 14th September, 2015. These are Important for the upcoming IBPS PO V exam.

• Bringing to closure an over seven-year-old case, Reserve
  Bank has cancelled Sahara India Financial Corporation’s certificate of
  registration as NBFC.
• “Following the cancellation of registration
  certificate, the above company cannot transact business of a non-banking
  financial institution…” the RBI said in a statement today.
• The registration of the Lucknow-headquartered NBFC stands
  cancelled with effect from September 3, it added.
• The NBFC was registered in December 1998.
• Earlier, markets regulator Sebi had cancelled mutual fund
  and portfolio management licenses of other firms of the group, which is engaged
  in a long-running battle with the regulator in a case related to refunds
  totalling thousands of crores of rupees. Its chief Subrata Roy is in jail since
  March 4, 2014.
• Back in September 2008, a group company Sahara India
  Investment Corporation Limited had informed the RBI that it has
  “voluntarily exited non-banking financial business”.

• The Centre today decided to provide additional 50 days of
  work in drought-hit areas under the MGNREGA scheme to provide relief to farmers
  in view of deficit monsoon in various parts of the country.
• At present, 100 days of work is provided to rural job card
  holders under the Mahatma Gandhi National Rural Employment Guarantee Act
  (MGNREGA).
• The decision has been taken after monsoon deficit today reached
  16 per cent across the country, which could affect kharif crops and rural
  income.
• Already, Karnataka has declared drought in 27 out of 30
  districts, while Maharashtra, Telangana and Andhra Pradesh are also likely to
  declare drought-hit areas in their states.
• It has also decided to provide assistance for additional
  interventions for production of fodder for mitigating adverse impact of drought
  on livestock in drought-hit blocks.
• That apart, the Centre has made flexible allocation under
  the Rashtriya Krishi Vikas Yojana and other centrally sponsored schemes. It has
  put in place crop contingency plan for 600 districts.

• With a large number of its customers going online to buy
  goods and services, the $16.9 billion Mahindra Group has finally forayed into
  e-commerce space with the launch of its online marketplace M2ALL.com. This
  venture will complement its existing sales and distribution network, top
  officials have said.
• This e-marketplace which was launched on Monday, to begin
  with, will offer a range of Mahindra products and services and has already
  started taking bookings for the newly-launched Mahindra TUV 300, the compact
  sports utility vehicle from the Mahindra stable.
• Mahindra e-Market Private Ltd, a 100 per cent subsidiary of
  Mahindra & Mahindra Ltd, owns this e-commerce venture which has been
  developed under the guidance of Mahindra Group Chief Financial Officer (CFO) VS
  Parthasarathy.
• Mr Parthasarathy has been named as the Chairman of this
  venture and Vijay S. Mahajan heads it. A small team of 10 people are involved
  in this project and more are expected to join soon.

• Indian and Australian Navy Bilateral Maritime Exercise
  AUSINDEX-15 kicked off the East Coast of India on 11 September 2015. The
  nine-day exercise will conclude on 19 September 2015.
• The exercise was jointly inaugurated by Rear Admiral
  Jonathan Mead, Head Navy Capability Royal Australian Navy (RAN) and Rear
  Admiral Ajendra Bahadur Singh, Flag Officer Commanding Eastern Fleet onboard
  INS Shivilak at Visakhapatnam.
• The maritime exercise seeks to strengthen defence
  co-operation between the two countries as envisaged in the Framework for
  Security Co-operation announced by the Indian and Australian Indian Prime
  Ministers in 2014.
• Further, the exercise will also help strengthen professional
  interaction, both in harbour and at sea and would be a start for attaining
  interoperability between the two navies. It will also strengthen the ability to
  undertake regional joint and/or combined operations such as Humanitarian Assistance
  and Disaster Relief.

• Budget carrier SpiceJet on 11 September 2015 became the
  first-ever civil airliner to make night landing on Veer Savarkar International
  Airport at Port Blair. The successful operation of the flight SG-251 paves the
  way for similar flight movements after sunset.
• The flight was commanded by Capt. Gurcharan Arora and Capt.
  Ranbir Singh and the 212-seater Boeing 737-900ER aircraft VT-SLD was greeted
  upon arrival by a grand water cannon salute, an aviation tradition to mark key
  milestones.
• Later the aircraft departed for Kolkata as SG-261, thereby
  completing a cycle of landing and take-off from the Port Blair airport during
  the night time.

• The 10th World Hindi Conference was held for three days
  between 10 September and 12 September 2015 at the Lal Parade Ground in Bhopal,
  Madhya Pradesh.
• The conference was inaugurated by Prime Minister Narendra
  Modi. It was organised by the Ministry of External Affairs (MEA) in cooperation
  with the Government of Madhya Pradesh.
• During its three day course, the conference was attended by
  noted Hindi scholars from across the country and the world. They deliberated on
  16 aspects for universalisation of Hindi language.

• Bankers Chanda Kochhar and Arundhati Bhattacharya have been
  ranked as top two in a list of most powerful women in Asia Pacific prepared by
  the global magazine Fortune.
• Kochhar, 53, who heads the country’s largest private sector
  lender ICICI Bank has been ranked at the top, up from the second position last
  year, the magazine said on its website.
• It credited Kochhar with reshaping banking in the country,
  and for building ICICI Bank into the “nation’s largest and most profitable
  private sector lender”.
• She is followed by Arundhati Bhattacharya, the chairman of
  the country’s largest lender State Bank of India, whose ranking has also moved
  up from the fourth spot she was at last year, the magazine added.
• Country’s third largest private sector lender Axis Bank’s
  managing director and chief executive Shikha Sharma comes in at the ninth spot
  in the list.
• Singapore-based chief executive of International Goldman
  Sachs Asset Management, Sheila Patel, has also made it to the list at the 23rd
  position.

• Hormusji N Cama was on 14 September 2015 unanimously elected
  as the new chairman of the Press Trust of India (PTI). He is the Managing
  Director of Bombay Smachar, which is the oldest continuously-published
  newspaper in India from 1855.
• A member of the Press Council, Cama succeeded Mohan Gupta,
  Chairman and Managing Director of the Jagran Prakashan Limited (JPL).
• Cama, currently the Chairman of the Readership Studies
  Council of India, has also served as President of the Indian Newspaper Society
  (INS). He is also on the Board of Council for Fair Business Practices and Audit
  Bureau of Circulations (ABC).

• Ashok Sridharan, a mayoral candidate of Chancellor Angela
  Merkel-led Christian Democratic Union (CDU), has comprehensively won the
  election in Bonn, becoming the first person of Indian-origin to occupy the
  mayor’s office in a major German city.
• 49-year-old Sridharan secured the absolute majority by
  polling 50.06 per cent of the votes in yesterday’s election in the former
  German capital, according to provisional results.
• His victory marks the end of more than 21 years’ rule of the
  city by the Social Democratic Party (SPD).
• Sridharan, who is the son of a migrant from India and a
  German mother, will take over the reigns of the city administration from the
  outgoing SPD mayor Juergen Nymptsch on October 21.

• Novak Djokovic on 13 September 2015 won the US Open Men’s
  Singles title. In the summit clash held at the Arthur Ashe Stadium in New York,
  the Serbian defeated Roger Federer 6-4 5-7 6-4 6-4.
• For Djokovic, it was a second US Open singles title and a
  10th Grand Slam singles title. With this, he tied up himself with Bill Tilden
  for seventh place on the career list.
• However, Federer, a Swiss player, still remains on top of
  the list with 17 Grand Slam singles titles.
• Till now, they have played 42 times and Djokovic’s recent
  victory tied the series 21-21.

• Flavia Pennetta on 12 September 2015 won the US Open Women’s
  Singles title. She defeated fellow Italian Roberta Vinci 7-6 (7-4) 6-2 in the
  summit clash held in New York.
• It was her maiden Gran Slam title and after the victory she
  announced that she will retire from the professional tennis after the 2015
  season.
• With this victory, Pennetta became the second Italian woman
  to win one of the tennis majors.
• She joined the 2010 French Open champion Francesca Schiavone
  who had been the lone member in the club.

• Hindi Divas (Hindi Day) was observed across India on 14
  September 2015. The day was observed to promote the Matra Bhasha – the mother
  tongue of India and show its importance as a language in the country and the
  world at large.
• On the occasion of Hindi Divas, the President of India,
  Pranab Mukherjee presented Rajbhasa awards in various categories at a function
  held at Rashtrapati Bhavan. These awards were instituted by the Rajbhasha
  Vibhag, Ministry of Home Affairs to recognize the excellent contribution of
  Ministries, Departments and Nationalized Banks and others in the field of
  Hindi.

• The largest volcano of Japan Mount Aso Volcano erupted on 14
  September 2015. The eruption blasted a plume of black smoke 2-kilometer high
  and the ashes from the volcano fell up to 4-kilometer away.
• The volcano situated on main southern island of Kyushu
  erupted unexpectedly; however, there have been reports of no causalities or
  damage from the volcano’s eruption.
• The 1592-metre Mount Aso is one of the most active peaks in
  Japan but is also a popular hiking spot. It is also the second largest mountain
  in Japan and is one of the biggest calderas in the world, encompassing an area
  25 kilometers (15.5 miles) north to south and 18 kilometers (11.2 miles) east
  to west.

• Well-known Mohiniyattam dancer and Padmashree-awardee
  choreographer Kalamandalam Satyabhama died at 77.
• She passed away at a private hospital here today following a
  brief illness, her family sources said.
• Known for her experimental reforms in Mohiniyattam,
  Satyabhama helped make the traditional art form popular among dance buffs in
  the state.
• Satuyabhama had joined Kalamandalam, a world renowned art
  learning centre in Thrissur district founded by eminent Malayalam poet
  Vallathol Narayana Menon, at the age of 12.
• She later became the principal of the prestigious
  institution and retired from there in 1992.
• Meanwhile, Kerala Chief Minister Oommen Chandy expressed
  grief at her demise.

• Frank D Gilroy, whose play about a veteran’s fraught return
  home, The Subject Was Roses, won him a Pulitzer Prize has died in Monroe, New
  York.
• He was 89. He passed away of natural causes on Saturday, his
  family announced through a statement.
• Gilroy, who served in the Army from 1943 to 1946 in the
  European Theatre, also won a Tony Award for The Subject Was Roses. It premiered
  on Broadway in May of 1964. He then wrote a screenplay for a 1968 film
  adaptation starring Jack Albertson and Patricia Neal, which would earn both
  supporting Oscar nominations and a win for Albertson.
• The Bronx native attended Dartmouth and the Yale Drama
  School after serving in the Army and went on to work as a screenwriter for live
  television and film for years. Credits include shows Studio One in Hollywood,
  and Playhouse 90, and films The Gallant Hours, and The Fastest Gun Alive.
• Gilroy also directed movies for television and the big
  screen, including the 1971 Shirley MacLaine drama Desperate Characters.

Regards

Team ExamPundit

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