Current Affairs Update – 25th September, 2015

Hello and welcome to ExamPundit. Here are the Important Current Affairs of 24th and 25th September, 2015. These are Important for the upcoming IBPS PO V Mains Exam.

• The Reserve Bank of India (RBI) on 24 September 2015
  announced relaxation in norms that allow banks to upgrade credit facilities
  extended to borrowing entities upon a change in ownership, only if the
  ownership has been changed outside Strategic Debt Restructuring Scheme (SDR).
• The Banker’s bank announced that the banks can treat loans
  to stressed companies that have undergone ownership changes as standard loans,
  provided the stress was due to operational or managerial inefficiencies.
• The relaxation will offer more flexibility to banks to bring
  in a change in ownership of borrowing entities which are under stress due to
  operational/ managerial inefficiencies despite substantial sacrifices made by
  the lending banks.

• As per the announcement, the new promoter should not be a
  person/entity/subsidiary/associate etc. (domestic as well as overseas),
  from/belonging to the existing promoter/promoter group.
• The new promoter should have acquired at least 51 per cent
  of the paid up equity capital of the borrower company.
• If the new promoter is a non-resident, and in sectors where
  the ceiling on foreign investment is less than 51 per cent, the new promoter
  should own at least 26 per cent of the paid up equity capital or up to
  applicable foreign investment limit, whichever is higher, provided banks are
  satisfied that with this equity stake the new non-resident promoter controls
  the management of the company.

• The Centre has announced a further ‘Special Assistance’ of
  Rs 1000 crore to Andhra Pradesh during 2015-16 as per its decision to continue
  to support the programmes for the development of backward districts of the
  state.
• The funds will also be used to provide assistance for
  creation of the new capital, including the Raj Bhavan, High Court, Government
  Secretariat, Legislative Assembly, Legislative Council, and such other
  essential infrastructure.
• This includes special assistance of Rs 350 crore at the rate
  Rs 50 crore per district for the development of seven backward districts
  covering Rayalaseema and North Coastal region, Rs 350 crore for the new capital
  of the state and Rs 300 crore for Polavaram irrigation project, a Central
  government release said today.
• A tax incentive has also been provided in Finance Act, 2015.
• The Andhra Pradesh Reorganisation Act, 2014 bifurcated the
  state, and the state of Telengana came into being, effective from June 2, 2014.
  Having regard to the resource availability, the Centre is required to make
  appropriate grants and also provide adequate benefits and incentives in the
  form of special assistance to the backward areas of states, it said.

• The former publisher of Penguin India and editor-in-chief of
  Random House India, Chiki Sarkar, on 23 September 2015 launched her own
  publishing company, Juggernaut.
• Sarkar has founded the company in collaboration with ex-CEO
  of Web18, Durga Raghunath. At presnt, Raghunath is the CEO and co-founder of
  news portal, Firstpost.
• Newly formed publishing firm Juggernaut will publish 50
  titles each year starting from April 2016.
  They will be distributed and stocked by Hachette India.

• Telenor Group on 23 September 2015 announced that it had
  changed its brand identity along with legal company name from Uninor, its
  subsidiary in India, as Telenor India Communications Pvt. Ltd.
• Telenor in its release said that the renaming will not
  change its commitment to bring the best value to its 40 million customers.
• Telenor Group is one of the leading mobile operators in the
  world, with 189 million mobile subscriptions. It has mobile operations in 13
  markets, as well as an interest of 33% in VimpelCom Ltd., operating in 14
  markets.
• The company headquartered in Oslo, Norway provides tele,
  data and media services in the Nordics, Central and Eastern Europe and Asia. In
  Asia it is operational in Thailand, Malaysia, Bangladesh, Pakistan, India and
  Myanmar.

• The Ministry of External Affairs (MEA) on 24 September 2015
  appointed new Indian envoys to Pakistan, China, the United Kingdom (UK) and the
  United Nations (UN) in a major reshuffle.

1. Navtej Sarna: Secretary (West) in the Ministry, will be the
   new High Commissioner to the United Kingdom with effect from November 2015. He
   succeeded Ranjan Mathai.
2. Gautam Bambawale: India’s Ambassador to Bhutan will take
   over as High Commissioner to Pakistan. He succeeded TCA Raghavan, who will
   retire on 31 December 2015.
3. Syed Akbaruddin: Additional Secretary in-charge of
   Indo-Africa Summit to be held in October 2015 will be the next Permanent
   Representative of India to the United Nations, New York. He will replace Asoke
   Mukerji.
4. Vijay Gokhale: India’s Ambassador to Germany will be the
   Ambasador to China. He succeeded Ashok Kantha.
5. Anil Wadhwa: Secretary (East) will be the new Ambassador to
   Rome.
6. Pankaj Saran: He will replace PS Raghavan as the Ambassador
   of Moscow.
7. Harsh V Shringla: Indian Ambassador to Bangkok will now be
   serving as High Commissioner to Bangladesh.
8. Sujan Chinoy: Indian Ambassador to Mexico will now be the
   Ambassador to Japan and replace Deepa Wadhwa.

• The Union Government on 24 September 2015 decided to appoint
  Arvind Panagariya, Vice President of NITI Aayog, as the Sherpa for the 2015
  G-20 Summit. The Summit will take place in Antalya, Turkey in November 2015.
• Sherpa is a senior official responsible for preparing the
  agenda for leaders to consider during the summit.
• Panagariya will be replacing Railway Minister Suresh Prabhu
  who was appointed Sherpa for the G-20 Summit in 2014.
• Earlier, the Deputy Chairman of the erstwhile Planning
  Commission used to be the Prime Minister’s Sherpa for G-20 talks.

• Former Indian Cricket captain Sourav Ganguly was on 24
  September 2015 appointed as the President of Cricket Association of Bengal
  (CAB). The announcement regarding this was made by the West Bengal Chief
  Minister Mamata Banerjee at the state secretariat building in Kolkata.
• He succeeded Jagmohan Dalmiya and at the time of appointment
  Ganguly was serving CAB in the capacity of Joint-Secretary.
• The post had fallen vacant after the sudden demise of
  Dalmiya at the age of 75 on 20 September 2015.

• West Bengal Governor Keshari Nath Tripathi was appointed as
  Governor of Tripura by the President Pranab Mukherjee on 24 September 2015.
• He will discharge the functions of the Governor of Tripura,
  in addition to his own duties, during the absence of Tathagata Roy, Governor of
  Tripura who has gone on leave.
• Keshari Nath Tripathi was appointed as the 22nd Governor of
  Bengal in July 2014. Earlier in November 2014, he was also appointed as
  Governor of Bihar to perform the tasks of Governor of Bihar in addition to his
  own duties of West Bengal.
• He was relieved from his previous additional charge of Bihar
  in August 2015, after Ram Nath Kovind was on 8 August 2015 appointed as
  Governor of Bihar.

• A 1978 batch IAS officer, Stuti Narain Kacker, on 23
  September 2015 was appointed as the head of National Commission for Protection
  of Child Rights (NCPCR). She was appointed by the Union Women and Child
  Development Ministry.
• Kacker is a former Secretary at the Department of Disability
  Affairs in the Ministry of Social Justice and Empowerment. She looked after the
  management committee of the Central Adoption Resource Authority (CARA).
• Before the appointment of Kacker, the panel had remained
  headless for almost a year. The position was vacant from October 2014 when
  former UPA appointee Kushal Singh’s tenure ended. Recently, the Supreme Court
  even commented over a long delay in appointing a chairperson for the panel.

• Abdul Bari Siddiqui, a senior leader of Rashtriya Janata Dal
  (RJD) was on 23 September 2015 elected as President of Bihar Cricket
  Association (BCA). He was chosen as the President after an election, which was
  held in accordance to direction of the Supreme Court of India.
• BCA elections were held in August 2015 under the direction
  of the apex Court which had appointed former Patna High Court judge Justice
  Dharampal Sinha as electoral officer-cum-observer for the polls.
• A statement issued by Justice Dharampal Sinha said that
  Siddiqui defeated Vinod Kumar, a former president of BCA, by a margin of 30
  votes in the election.

• Alexis Tsipras of Syriza party on 21 September 2015 was on
  sworn in as the Prime Minister of Greece by the President of Greece Prokopis
  Pavlopoulos.
• It was the second sworn in for him as his party stood
  victorious in the general elections held to the parliament in January 2015
  also.
• In the recent elections held on 20 September 2015, Syriza
  secured 35 percent of total votes resulting in 144 seats in the 300-seat
  Parliament.
• Syriza formed a coalition government with the Independent
  Greeks Party, a partner in the previous government as well.
• The snap polls were called after Syriza lost its majority in
  August 2015 in the Parliament.

• Filmmaker Rahul Rawail on 23 September 2015 resigned from
  the Oscar Selection Jury. He resigned from his post citing differences with
  chairperson of the Jury Amol Palekar.
• He resigned following the selection of National
  award-winning Marathi film Court as India’s official entry for Oscars 2016 (88th
  Academy Awards) by the jury.
• Court was selected to officially represent India at the 88th
  Oscars in the Best Foreign Film category. Court directed by debutant Chaitanya
  Tamhane is a commentary on India’s judicial system.

• Agriculture Division of National Institution for
  Transforming India (NITI) Aayog in the fourth week of September 2015
  constituted an Expert Group on Land Leasing. The expert group will be headed by
  former Commission for Agricultural Costs and Prices (CACP) chairman T Haque.
• The 10-member committee was formed in pursuance to decision
  taken in the meeting held under the chairmanship of Vice Chairman, NITI Aayog,
  on 24 August 2015.
• The committee comprises of members from Andhra Pradesh,
  Uttarakhand, Punjab, Maharashtra, Assam, Rajasthan, Meghalaya and Joint
  Secretary HS Meena from the Department of Land Resources. While JP Mishra, the
  Adviser (Agriculture) in NITI Aayog will act as the member secretary.

• The Registrar General & Census Commissioner of India on
  24 September 2015 released the Census 2011 data on Households with at least one
  member aged 15 years and above with or without educational level of
  matriculation and above by Household Size.
• The released data showed an increase of 10 percent in the
  decade 2001-2011 over the decade 1991-2001.

1. Around 122.9 million, which is 49.5 percent of the total
   households in India, with at least one member of age 15 years and above, had
   one matriculate or more in the decade 2001-2011. During the decade 1991-2001,
   there were 39.4 per cent of households in India with at least one matriculate
   and above.
2. The number of households with at least one graduate and
   above was 41.4 million (16.7 per cent) in India in 2011. There were around 23.6
   million (12.2 per cent) households with at least one graduate and above in
   2001.
3. There are 21.9 million (8.8%) households with at least one
   female graduate and about 33.2 million (13.4%) households with at least one
   male graduate and above.

• Haryana Government on 23 September 2015 increased the
  pension given to the ex-servicemen or widows of soldiers who took part in World
  War I and World War II. The pension has been increased by 1500 rupees.
• The Finance Department approved the increased pension. It
  has been decided that 4500 rupees per month will be given to the war-widows and
  ex-servicemen who participated in the World Wars. Earlier, the amount of
  pension was 3000 rupees per month.
• The state government will have to bear an additional burden
  of 8.57 crore rupees due to the raise in pension.
• Earlier on 8 May 2014, the pension was doubled from 1500
  rupees to 3000 rupees per month.

• The Cabinet Committee on Security (CCS) on 23 September 2015
  approved the proposal for Indian Air Force’s Integrated Air Command and Control
  System (IACCS) worth around 8000 crore rupees. The system aims at integrating
  all air and ground sensors.
• The proposal was sanctioned by the Defence Acquisition
  Council in November 2014.
• Once set-up, the system will offer a composite air situation
  picture to the air headquarters as it will be integrating Air Force, Army and
  civilian radars.

• A committee under the Union Ministry of Environment and
  Forests (MoEF) on 24 September 2015 gave environmental clearance for the
  proposed 5465 crore fertiliser plant in Ramagundam, Telangana.
• Earlier in January 2015, National Fertilizers Limited (NFL),
  Engineers India Limited (EIL) and Fertilizer Corporation of India (FCIL)
  together formed a joint venture company (JVC) for setting up two new Ammonia
  and Urea plants at the existing site of Ramagundam Fertilizer plant.
• The JVC is named as Ramagundam Fertilizers and Chemicals
  Limited. The gas-based plant will have the capacity to produce 1.1 million
  tonnes of urea per annum. It is expected to be commissioned in 2018-19.

• Prime Minister Narendra Modi visited Ireland on 23 September
  2015. He is the first Prime Minister of India to visit Ireland in 59 years.
  Last Prime Minister to visit Ireland was Jawahar Lal Nehru in 1956.
• During his visit, Modi held discussions with Prime Minister
  Enda Kenny of Ireland, who also hosted a Working Lunch in honour of the
  visiting dignitary.
• At present, Modi is on a two-Nation tour namely Ireland (23
  September 2015) and the United States of America (23 September to 28 September
  2015).

• The two nations agreed to develop closer partnership and
  cooperation.
• The two nations agreed to chart out a roadmap for
  collaboration in the digital world and for this they agreed to held talks
  between Joint Working Group on Information Technology soon.
• To help the professionals from the two countries they
  displayed interest in concluding social security agreement.
• The two nations agreed to have direct air services by
  airlines of both countries. The stance would help in promoting business links
  along with tourism ties, which is growing at 14 percent per year.

• Indian Air Force (IAF) on 23 September 2015 won the 2015 All
  India Baba Farid Gold Cup hockey title in Faridkot, Punjab.
• IAF defeated the Army XI 2-1 to lift the 24th edition of the
  championships.
• Incidentally, all the three goals were scored in the first
  half of the match. The second half of the play went goaless despite both the
  teams getting several opportunities.
• Army XI was the first to open the account with a goal by
  Bachittar in the ninth minute.

• Government Chawngfiang Middle School of Mizoram on 24
  September 2015 won the sub-Junior (Under-14) title of the 56th Subroto Cup
  International Football Tournament. In the final held at the Ambedkar Stadium in
  New Delhi, it defeated Esteqalal School of Afghanistan 3-2.
• With this win, Chawngfiang Middle School claimed the purse
  of 2.5 lakh rupees while Esteqalal School claimed 1.25 lakh rupees and a
  trophy.
• Air Marshal BBP Sinha presented the trophy to the winners
  while Mizoram Chief Minister Lalthawala presented the cheque to them.

• The World Anti-Doping Agency (WADA) and the General
  Administration of Sport of China (GASC) on 22 September 2015 signed a
  Memorandum of Understanding (MOU) on Performance-Enhancing Drugs (PEDs).
• The purpose of the MoU is to enhance the cooperation between
  the WADA and Chinese authorities in eliminating illegal manufacture and supply
  of PEDs.

• It will help track and eliminate the illegal manufacture and
  supply of PEDs and also raw materials for the production of PEDs in China.
• WADA and INTERPOL will be instrumental in providing
  information to Chinese law enforcement about illegal manufacturers and
  suppliers of PEDs across China.

• Conservationist Goutam Narayan has become the first Indian
  to get Harry Messel Award for Conservation Leadership in recognition of his
  pivotal role in leading the Pygmy Hog Conservation programme in the North-East.
• The award was announced during the IUCN Species Survival
  Commission Leaders’ meeting held in Abu Dhabi last week, a release issued by
  the Pygmy Hog Conservation Programme (PHCP) said today.
• The award citation mentions that Narayan has been awarded
  “in recognition of his pivotal role in leading the Pygmy Hog Conservation
  Programme in north eastern India since 1995, thus saving a whole genus from
  extinction and his long service to the Wild Pig Specialist Group.”
• The Harry Messel Award recognises exemplary service to IUCN
  Species Survival Commission, especially from individuals who have made a
  specific contribution to species conservation on the ground or through their
  leadership.
• The award, instituted since 2004, is usually given at an
  interval of two to four years with 18 individuals and an organisation receiving
  the award so far.

• Employees’ Provident Fund Organisation (EPFO) on 23
  September 2015 won the Skoch Award for Smart Governance. It was awarded at the
  India Habitat Centre, New Delhi for its initiatives on UAN Programme and
  Transformation of Social Security Agenda in India.
• EPFO was also awarded two SKOCH Order-of-Merits, one for
  launching UAN for EPFO members and another for transformation of Social
  Security Agenda in India.
• Skoch Smart Governance Award is an initiative recognising
  top performing government organisations and organisations working with the
  government, operating at local, state and national level.

• Forbes on 23 September 2015 released the Forbes list of
  richest Indians. The list contains names of 100 wealthiest people of India with
  a collective wealth amounting to 345 billion dollars.
• Industrialist Mukesh Ambani has retained the tag as India’s
  richest for the ninth year in a row with a net worth of 18.9 billion dollar.

Rank	Name	Net Worth
1	Mukesh Ambani	18.9 Billion dollars
2	Dilip Shanghvi	18 Billion dollars
3	Azim Premji	15.9 Billion dollars
4	Hinduja Brothers	14.8 Billion dollars
5	Pallonji Mistry	14.7 Billion dollars
6	Shiv Nadar	12.9 Billion dollars
7	Godrej Family	11.4 Billion dollars
8	Lakshmi Mittal	11.2 Billion dollars
9	Cyrus Poonawalla	7.9 Billion dollars
10	Kumar Birla	7.8 Billion dollars

1. Savitri Jindal – Chairperson of the OP Jindal group was
   ranked at 23th position with net worth of 3.8 billion dollars
2. Leena Tewari – Chairperson of generic drugs maker USV Pharma
   group was ranked at 54th position with net worth of 1.9 billion dollars
3. Indu Jain – Chairperson of India’s largest media group,
   Bennett, Coleman & Co. Ltd group was ranked at 57th position with net worth
   of 1.9 billion dollars
4. Vinod Gupta – Wife of Havells founder Qimat Rai Gupta was
   ranked at 74th position with net worth of 1.6 billion dollars

Regards

Team ExamPundit

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