Current Affairs Update – 7th September, 2015

Hello and welcome to ExamPundit. Here are the Important Current Affairs of 7th September, 2015. These are important for IBPS PO V.

• In a move to increase penetration of RuPay Cards, soon
  National Payments Corporation of India (NPCI) will roll out a new credit card
  that will be co-branded with Mudra Bank. It is also in the final stage of
  discussion with China UnionPay and Japan-based JCB Co., Ltd, which would allow
  RuPay card holders to use their cards in other parts of the world.
• Meanwhile, NPCI is also planning to raise around Rs 100
  crore through private placement by end of this year.
• RuPay Card is an Indian version of credit/debit card. It is
  very similar to international cards such as Visa/Master. National Payments
  Corporation of India (NPCI) initiated the launch of RuPay card in India.
• M Balachandran, chairman, NPCI said it has already tied-up
  with Discover Network Merchants, which is the third largest in US and Europe,
  and now is in the final stages of talks with JCB (Japan Credit Bureau) and
  China UnionPay.

• Reliance Defence Ltd. (RDL), a wholly-owned subsidiary of
  Anil Ambani-led Reliance Infrastructure Ltd. has signed a memorandum of understanding
  (MoU) with Abu Dhabi Ship Building (ADSB) to explore an opportunity to set up a
  strategic partnership for the construction of naval ships including frigates,
  destroyers and other specialised vessels to address the needs of Gulf
  Cooperation Council (GCC) over the next 10 years.
• ADSB is a leading provider of construction, repair and refit
  services for naval, military and commercial vessels in the GCC region.
• Both RDL and ADSB are believed to be incorporating a joint
  venture, which will encompass both construction of new naval vessels as well as
  maintenance, repair and overhaul and refit opportunities of existing commercial
  and naval vessels in the region. Reliance Defence will be the majority partner
  in this proposed joint venture with 51 per cent stake, according to people
  familiar with the development.

• In a first, the Defence Research and Development
  Organisation (DRDO), will have a woman scientist heading an important cluster
  with the high rank of a Director General.
• J Manjula, has been appointed the new Director General (DG –
  Electronics & Communications Systems or ECS) today. She will be one of the
  seven DG’s, who are heading different clusters within the DRDO, which has
  nearly 50 national laboratories and Institutes under its network.
• A recognised expert in electronic warfare systems for Air
  Force, Manjula is an Outstanding Scientist and Director of Bengaluru-based
  DARE, Defence Avionics Research Establishment.
• She brings vast experience in EW systems, following a long
  stint with the Hyderabad-based, DLRL (Defence Electronics Research Laboratory),
  which is a pioneer in EW systems and cutting edge communications.

• Prime Minister Narendra Modi on 6 September 2015 inaugurated
  the extension of Delhi Metro connecting Badarpur to Escorts Mujesar in
  Faridabad.
• This extension till Faridabad, an industrial hub in Haryana
  would allow hassle-free travel for around two lakh daily commuters between the national
  capital and the industrial hub in Haryana.
• The total cost of the project from Badarpur to Escorts
  Mujesar was to the tune of 2500 crore rupees.
• Out of this, 1557 crore rupees was borne by the Haryana
  Government, while 537 crore rupees was contributed by the Union Government and
  400 crore rupees was spent by Delhi Metro.

• Indian Ambassador to Nepal, Ranjit Rae on 5 September 2015
  inaugurated the newly renovated Bala Tripura Sundari Devi Temple at Tripurakot.
  It is situated on the bank of glacial river Thuli Bheri in Dolpa district of
  Nepal.
• The temple was constructed with 33.3 million Nepali rupees
  financial support from the Indian government.
• Shree Bala Tripura Sundari Devi Temple is a historic
  structure said to be more than 900 years old, having great socio-cultural
  relevance in the life of the people of the Dolpa district. The renovation of
  the temple has upgraded the old structure with improved facilities for 20000
  pilgrims visiting the temple every year.

• Chinese and Pakistani forces on Sunday launched a joint air
  drill, a military spokesperson announced.
• The Chinese contingent includes fighter jets, fighter
  bombers and early warning planes while Pakistan has dispatched fighter jets and
  early warning planes for the military exercise, Air Force spokesperson Shen
  Jinke said.
• Shen, however, did not mention how long the drill would last,
  Xinhua news agency reported.
• The joint exercise called “Shaheen (Eagle)-4” is
  part of a series of military exchange programmes between the two air forces,
  Shen said, adding that China’s air force was willing to expand the scope of
  cooperation with various countries.
• The first such drill was held in Pakistan in March 2011, the
  second in China’s western Xinjiang Uygur region in September 2013.

• The book titled To the Brink and Back: India’s 1991 Story
  was in news in the first week of September 2015. It was written by former Union
  Environment and Forest Minister (Independent Charge) Jairam Ramesh.
• The book deals with fast-paced changes in the economic
  sector introduced by the duo P V Narasimha Rao and Manmohan Singh in 1991.
• It was the first hand account in the sense it narrates
  author’s observations when he was part of the Prime Minister’s Office (PMO)
  during first 90 days of the Narasimha Rao’s government.
• It also holds key documents and notes, placed for the first
  time in the public domain; the personal papers of Narasimha Rao; private
  conversations with Manmohan Singh; Parliament proceedings; and the minutes of
  seminal Congress meetings.

• Australian all-rounder Shane Watson announced his retirement
  from Test cricket on 6 September 2015. He announced his retirement immediately
  after his calf injury cut short his one-day international tour of Britain.
• He stated that he will continue his international career in
  the One-Day Internationals and Twenty20 Internationals.
• 34-year-old Watson’s 10-year Test career came to an end at
  the Ashes opener at Cardiff, which England won by 169 runs. His 30 and 19 with
  the bat and failure in taking a wicket made him to lose his place for the rest
  of the series.

Regards

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