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.

Finance
RBI Cancels Sahara
India Financial Corp’s NBFC registration

  • 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”.

Govt Says 50 Days
Additional Work Under MGNREGA in Drought-Hit Areas
  • 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.

Mahindra Group enters
e-commerce space, launches M2ALL.com

  • 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.

India
Indian-Australian
Navy Bilateral Maritime Exercise AUSINDEX-15 started
  • 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.

SpiceJet became
first-ever airline to make night landing at Port Blair’s Veer Savarkar Airport
  • 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.

10th World Hindi
Conference held in Bhopal
  • 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.

List
Indian bankers top
Fortune’s most powerful women list

  • 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.

Appointments
Hormusji N Cama
elected as Chairman of Press Trust of India

  • 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).

               
Indian-Origin Man
Becomes Mayor of Germany’s Bonn City
  • 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.

Sports
Novak Djokovic
defeated Roger Federer to win 2015 US Open Men’s Singles title

  • 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 won
2015 US Open Women’s Singles title
  • 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.

Days
Hindi Divas observed
on 14 September across India
  • 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.

World
Mount Aso, the
largest volcano of Japan erupted
  • 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.

Obituaries
Mohiniyattam Exponent
Kalamandalam Satyabhama Passes Away

  • 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.

Pulitzer
Prize-Winning Playwright Frank D Gilroy Dies at 89
  • 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.

Daily Expected Questions on
Stock GK
Satindra Mohan Dev
Stadium is located in which city/state?
– Silchar, Assam
Thang Ta dance is
associated with which Indian state?
– Manipur
Samaleswari Temple is
located which state?
– Odisha
Shree Singaji Thermal
Power Project is located in which state?
– Madhya Pradesh
Who is the Chief
Minister of Karnataka?
– Siddaramaiah



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