Current Affairs Update – 16 Sept, 2014

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Finance

1. $63.3-million ADB
loan for North Karnataka
  • ·        
    Asian Development Bank (ADB) has provided
    $63.3-million loan for improving urban services and strengthening municipal and
    project management capacity in North Karnataka towns.
  • ·        
    The Centre today signed an agreement with ADB
    for improving urban services. The agreement is for the fourth project under the
    overall facility of $270 million for the North Karnataka urban sector
    investment programme.
  • ·        
    The fourth and last tranche of loan under
    this programme will help upgrade infrastructure, including expansion of the
    potable water systems to provide round-the-clock water supply with private sector
    participation in 12 towns.
  • ·        
    The town selected are Basavakalyan, Bellary,
    Bidar, Gadag-Betegeri, Gokak, Haveri, Hospet, Nipanni, Raichur, Shahabad,
    Sindhanur and Yadgir.
  • ·        
    The programme also includes completion of
    sewerage networks in three towns – Haveri, Hospet and Raichur – and
    improvements to the road network in Badami and Ilkal.

India

2. Union Cabinet approved the launching of
National AYUSH Mission
  • ·        
    The Union Cabinet on 15 September 2014 approved the launching of
    National AYUSH Mission (NAM). The word AYUSH stands for Ayurveda, Yoga and
    Naturopathy, Unani, Siddha and Homoeopathy.
  • ·        
    NAM is aimed at addressing the gaps in health services particularly in
    vulnerable and far-off areas.


Prospects of National AYUSH Mission
•      
The improvement of AYUSH education through enhancement in the number of
upgraded educational institutions
•      
Better access to AYUSH services through increase in number of AYUSH
hospitals and dispensaries, availability of drugs and manpower.
•      
Sustained availability of quality raw material for AYUSH systems of
medicine
•      
Availability of quality Ayurvedic, Siddha, Unani and Homeopathy
(ASU&H) drugs through increase in number of pharmacies, drug laboratories
and improved enforcement mechanism of ASU&H drugs.
3. President of India presented Indira Gandhi
Rajbhasa Awards
  • ·        
    The President of India Pranab Mukherjee on 14 September 2014 presented
    Indira Gandhi Rajbhasa awards on the occasion of National Hindi Divas at
    Rashtrapati Bhavan, New Delhi.
  • ·        
    Indira Gandhi Rajbhasa awards also known as Indira Gandhi Official
    Language Awards are celebrated every year on 14 September.
  • ·        
    Rashtriya Ispat Nigam Limited (RINL) CMD Madhusudan was one of the
    awardees who was honoured with the prestigious Indira Gandhi Rajbhasha Shield
    for the Best Hindi Implementation in the organisation.

4. AP Cabinet goes paperless

  • ·        
    Tech-savvy Andhra Pradesh Chief Minister, N. Chandrababu Naidu motivated
    his Cabinet colleagues to use iPad and become part of history-making first ever paperless e-Cabinet meeting.
    From the elderly K. E. Krishnamurthy to young Peetala Sujatha, Ministers
    carried iPads with e-Cabinet app in their hands instead of bundles of files and
    papers they used to do earlier.
  • ·        
    The paperless meeting marked the completion of 100 days by Chandrababu
    Naidu government.

5. NTPC signs MoU with AP Govt for setting up
4,000-MW project near Vizag
  • ·        
    NTPC Ltd has drawn up plans to set up a 4,000-MW ultra mega power
    project at Pudimadaka near Visakhapatnam wherein it has been allotted 1,200
    acres by the Andhra Pradesh Government.
  • ·        
    The thermal power project has been in pipeline for the past several
    years. With both the Central and the State Governments keen to provide
    necessary support for the project, NTPC has decided to initiate the project
    which entails an outlay of Rs 20,000 crore.
  • ·        
    The project is based on imported coal and requires about 19.8 million
    tonnes of coal per annum.
  • ·        
    After the signing-in ceremony of allotment of land to NTPC in the
    presence of Union Power Minister Piyush Goyal, AP Chief Minister N Chandrababu
    Naidu and NTPC Chairman and Managing Director Arup Roy Choudhury, the Union
    Power Minister said that the project would be completed by 2019.
  • ·        
    NTPC has also signed up another memorandum of understanding with the
    Andhra Pradesh Government for setting up of a 1,000-MW solar park in Anantapur
    district. The project entails an outlay of Rs 7,000 crore.
  • ·        
    The State Industries Department has allocated 5,500 acres for the solar
    park.

International

6. First U.S. air
strikes near Baghdad

  • ·        
    In a sign of its expanding involvement in the
    crisis in Iraq, the U.S. military carried out, for the first time, airstrikes
    in the vicinity of Baghdad to halt the advance of Islamic State, the jihadist militant outfit that controls
    significant territories across Iraq and Syria.
  • ·        
    In a statement, U.S. Central Command said
    that its attack against IS, employing attack and fighter aircraft to conduct
    two airstrikes Sunday and Monday, was carried out “in support of Iraqi security
    forces near Sinjar and southwest of Baghdad.”
  • ·        
    Centcom further noted that the strikes
    destroyed six IS vehicles near Sinjar and an IS fighting position southwest of
    Baghdad that had been firing on Iraqi forces, and the number of U.S. airstrikes
    across Iraq now stood at 162.
  • ·        
    The latest bombing runs by American fighter
    aircraft came less than a week after U.S. President Barack Obama announced
    plans to ramp up the fight against IS, which received worldwide condemnation
    for beheading three Western citizens, two Americans and a Briton, and publishing
    the videos of the executions online.

7. Ukraine grants
self-rule to Donetsk, Luhansk

  • ·        
    The separatist-held regions of Donetsk and
    Luhansk in eastern Ukraine are granted temporary self-rule for three years in a
    new law adopted by Parliament.
  • ·        
    Both parties in the conflict will be granted
    amnesty, except for those who have committed “serious crimes,” according to the
    law adopted to further peace in the region.
  • ·        
    The special status law granting greater
    autonomy to Donetsk and Luhansk also allows for elections but stipulates that
    the separatists must renounce their bid for independence.

8. Antara Haldar of
India became first non-European law lecturer at Cambridge

  • ·        
    Indian-origin Antara Haldar on 15 September
    2014 became first non-European law lecturer at Cambridge University. She belongs
    to Mumbai, Maharashtra.
  • ·        
    She is the
    youngest and the only Indian to get the tenured position in the top-ranking law
    faculty. She is 28 years old.
  • ·        
    Before began her tenure in the UK, she is all
    set to study the Gujarat development model. The focus would be on textiles as a
    case study.
  • ·        
    She studied law degree at Cambridge
    University in 2006 and in 2010. She got a doctorate in law.

9. G-20 Labour and
Employment Ministerial meet
  • ·        
    The G-20 Labour and Employment Ministerial
    meet was held at Melbourne, Australia on 10 September 2014 to 11 September 2014.
  • ·        
    The meet was called to put forward
    recommendations to G20 Leaders. During the meet, discussions were held on how
    to increase job growth across the G20 to help address disadvantage, improve
    productivity and drive growth.
  • ·        
    They also reflected on the high cost to
    business and national economies caused by poor workplace health and safety.
  • ·        
    Female labour force participation rates and
    high youth unemployment are two key issues faced by G20 economies, and both
    topics were a focus on the agenda for the ministerial meeting.
  • ·        
    At the completion of the meeting, the
    ministers released a Declaration outlining their commitments to address the
    labour, employment and social challenges faced, nationally and globally.

Sports

10. Boxing India earned
Official Recognition from AIBA
  • ·        
    AIBA Executive Committee Bureau on 15
    September 2014 formally recognised Boxing India as the provisional AIBA
    National Federation to represent the sport of boxing in India.
  • ·        
    The recognition of Boxing India was confirmed
    through an official letter of the President of the International Boxing
    Association (AIBA), Dr Ching-Kuo Wu to the President of Boxing India Sandeep
    Jajodia.
  • ·        
    After AIBA Executive Committee unanimous
    approval of the Provisional Membership, Boxing India waits final ratification
    by the 2014 AIBA Congress, which will be held in Jeju Islands, Korea in
    November 2014.

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