Current Affairs Update – 8th September, 2015

Hello and welcome to ExamPundit. Here are the Important Current Affairs of 8th September, 2015. These are important for the upcoming IBPS PO V Exam.

• In a fresh setback to the beleaguered Sahara India Pariwar,
  the Reserve Bank of India (RBI) has cancelled the license of its holding
  company Sahara India Financial Corporation Limited (SIFCL), officials said on
  Tuesday.
• The action has been taken by the department of non-banking
  supervision of the RBI, in Kanpur.
• The move comes in wake of several irregularities and
  ignoring financial rules and regulations by Sahara, an official further
  informed.
• The notice cancelling its license to conduction financial business
  has been sent to the Kapurthala head quarter of the Sahara India.
• The move is being seen as the `final nail` in the fortunes
  of the once-fledgling company as the SIFCL was its core wing from which money
  was collected through small time subscribers and then routed to other wings
  such as media, real estate and others.

• Doha Bank on 7 September 2015 tied up with Anil Ambani-led
  Reliance ADA Group to generate business opportunities in the Gulf Cooperation
  Council nations and India. Saudi Arabia, Kuwait, the United Arab Emirates,
  Qatar, Bahrain and Oman are part of the Gulf Cooperation Council (GCC).
• The MoU is envisaged to provide tangible business
  opportunities and further prospects for expansion for Doha Bank and Reliance
  Group. It will also provide synergy in product development and congruence in
  mutual infrastructure support.
• This tie-up will open new horizons for business reciprocity
  in financial services. It will include financial services initiatives with
  Reliance Capital in the areas such as asset management, life and general
  insurance and distribution of financial services.

• Maharashtra government on 7 September 2015 decided to
  abolish the Local Body Tax (LBT) within 15 days on petrol and diesel. The
  decision was taken to end the disparity between fuel dealers and other traders.
• The decision came after discussions were held between the
  state government and petrol/diesel pump owners over its imposition. Abolishing
  LBT will cost the government exchequer 280 crore rupees.
• However, the government will impose an alternate tax in
  place of LBT.
• Besides, the State Finance Minister Sudhir Mungantiwar
  claimed that the fuel dealers are ready to accept the imposition of an
  alternate tax in lieu of LBT. All they want is parity between all pump owners.

• Swiss brokerage UBS has revised downwards India’s GDP growth
  projection for the current fiscal to 7.1 per cent from 7.5 per cent earlier on
  account of weaker external demand prospects.
• The global financial services firm has also lowered its
  growth projection for financial year 2016-17 to 7.6 per cent from 8.3 per cent
  earlier.
• India’s GDP growth rate slipped to 7 per cent in the
  April-June quarter of 2015-16, from 7.5 per cent in the preceding quarter.
• The downward revision in growth projection comes despite
  lower oil prices, which were expected to provide a boost to Indian growth.

• The Multi Commodity Exchange of India Ltd (MCX) and
  Integrated Association of Micro, Small & Medium Enterprises of India
  (IamSMEofIndia) on 7 September 2015 signed a Memorandum of Understanding (MoU)
  aimed at creating awareness among Micro, Small and Medium enterprises (MSMEs)
  on the benefits of commodity price risk management.
• This collaboration will encourage them to hedge on exchanges
  and face competition adroitly. It will also disseminate in-depth knowledge
  about the derivatives market and its benefits among MSMEs will lead to their
  growth and development.
• The small businesses are hubs of innovation and
  entrepreneurship, they provide a varied range of products, but bear the brunt
  of international commodity price movements. However, this collaboration will
  enable and empower them to effectively manage their risks amidst unprecedented
  uncertainty.

• The Andhra Pradesh government on 5 September 2015 launched
  the AP State Enterprise Architecture (APSEA) e-Pragati project to bring all the
  government services under one roof. The APSEA is a comprehensive architecture
  to leverage the latest advances in e-governance tools.
• The project is aimed at bringing together 745 government to
  businesses, government to citizens, government to employees and government to
  governments services offered by 33 departments and more than 300 government
  agencies.
• e-Pragati has been designed with an estimated investment of
  2358 crore rupees of which the State will share 1528 crore rupees over a period
  of three years.
• The basic objective of this project is to move away from the
  piecemeal approach and provide an integrated One governance that will be
  citizen-centric, transparent and effective.

• Lead scientist of the tiger census Yadvendradev V Jhala in
  first week of September 2015 presented first ever data on India’s leopard. The
  team shows availability of around 7910 of leopards across India, except the
  northeastern region of India.
• Based on the data covered, the team estimates leopard
  population to be around 12000 to 14000.
• The very first leopard count of India was presented by Jhala
  at Wildlife Institute of India’s annual research seminar in Dehradun,
  Uttarakhand.

• Madhya Pradesh – an estimated population of 1817
• Karnataka – an estimated population of 1129
• Maharashtra – an estimated population of 905
• Chhattisgarh – an estimated population of 846
• Tamil Nadu – an estimated population of 815
• Bihar – an estimated population of 32
• Jharkhand – an estimated population of 29

• Bharat Sanchar Nigam Limited (BSNL) on 7 September 2015
  decided to upgrade Broadband speed to minimum 2 Mbps at no additional cost for
  all its Broadband customers. The service will be effective from 1 October 2015.
• Under this scheme, BSNL is upgrading the speed of existing
  Broadband plans of 512 Kbps and one Mbps to two Mbps speed. The speed
  up-gradation will benefit all the existing and new Broadband customers of BSNL.
• This plan of BSNL was formally announced by the Information
  Technology (IT) Minister Ravi Shankar Prasad at a function in Gurgaon.
• With this upgradation, BSNL customers will be able to
  access/surf the internet including social network websites like Facebook,
  Google, Twitter, etc. at high speed.

• To promote organic farming in the state, the Himachal
  Pradesh Government on 8 September 2015 organised a three-day organic fair and
  food festival in the state. The organic fair and food festival was organised in
  Shimla, the capital city of Himachal Pradesh.
• The fair was organised by the Department of Agriculture in
  collaboration with the International Competence Centre for Organic Agriculture
  (ICCOA), Bengaluru. It was inaugurated by State Agriculture Minister Sujan
  Singh Pathania.
• The fair was organised with an aim to popularise organic
  farming in the state where 90 percent of the population is residing in rural
  areas and 79 percent families are dependent on agriculture. At present the
  organic farming is being done on nearly 16 thousand hectare land in the state.

• Agriculture expert Prof Ramesh Chand has been appointed
  full-time member of NITI Aayog by the government.
• Chand has been a member of the task force on agriculture
  development under NITI Aayog, which is formulating strategies to give a boost
  to the agriculture sector.
• He has also headed a government panel on minimum support
  price and has been working as the Director of National Institute of
  Agricultural Economics and Policy Research (NIAP) in New Delhi since 2010.
• The National Institute of Transforming India NITI Aayog
  under the chairmanship of Prime Minister Narendra Modi has been set up
  succeeding the erstwhile Planning Commission.
• It has noted economist Aravind Panagariya as its
  Vice-Chairman with economist Bibek Debroy and former DRDO chief V K Saraswat,
  along with agriculture expert Ramesh Chand now, as full-time members.

• Anirban Lahiri on 7 September 2015 became the first Indian
  golfer to qualify for a Presidents Cup. He will be part of the International
  Team in the 2015 championship.
• The championship is scheduled to be held at Incheon in South
  Korea between 2 October and 4 October 2015.
• Lahiri qualified for the event as he is part of the top 10
  international players (excluding those eligible for the European Ryder Cup
  team) from the official world golf ranking as the conclusion of the 2015
  Deutsche Bank Championship.

• Indian weightlifters continued to make their presence felt
  on Day 2 of the fifth Youth Commonwealth Games after Deepak Lather won a gold
  in the 62 kg category here today.
• This was India’s second gold in weightlifting after Jamjang
  Deru stood atop the podium in the 56 kg category on the opening day of the
  event.
• The 51-year-old Deepak finished with a total of 258 kg with
  120 kg in snatch — new CYG record — and 138 kg in clean and jerk.
• India are being represented by 25 athletes in eight
  disciplines out of the nine being competed in the CYG.

• Young Indian shooter Apurvi Chandela impressed again as she
  clinched the silver medal in the women’s 10m air rifle event of the ISSF rifle
  and pistol World Cup Finals in Munich on Saturday.
• The 22-year-old Jaipur girl finished second after she
  tallied 206.9, just 0.6 behind Ahmadi Elaheh of Iran, who won the gold medal
  with a tally of 207.5.
• Andrea Arsovic of Serbia bagged bronze after prevailing in a
  shoot-off with Croatia’s Valentina Gustin.
• In the finals, Chandela started on a rousing note as she
  fired two shots of 10.8 to lead after Series 1 of the first competition stage.
  A total of 30.6 in the second series saw her a drop a place.
• Thereafter, the Indian managed to remain in contention for a
  medal. Chandela’s final shot was a 10.2, which was just 0.2 less than the
  eventual winner Elaheh, who shot a 10.4.

• The International Literacy Day was celebrated on 8 September
  2015 across the world. The theme of International Literacy Day 2015 is Literacy
  and Sustainable Societies.
• The theme was chosen to highlight the fact that literacy is
  a key element in achieving sustainable societies.
• Further, the theme assumes significance as the world is
  gearing up to adopt the post-2015 Sustainable Development Goals (SDGs) at the
  UN General Assembly meeting scheduled to be held in September 2015.

• Black Mamba Anti-Poaching Unit (APU) of South Africa was on
  7 September 2015 selected for the 2015 UNEP Champions of the Earth award in the
  inspiration and action category.
• The Black Mamba APU was selected for its courage in
  comabatting poaching and community led initiatives in protecting wildlife in
  the Balule Private Game Reserve of South Africa.
• The award will be conferred during the Sustainable
  Development Goals summit that is scheduled to be held on 27 September 2015 in
  New York.
• It was founded in 2013 to protect wildlife in the Balule
  private game reserve.  It is part of the
  Greater Kruger National Park that is spread over 2 million hectares of
  protected areas.

• The Global Waste Management Outlook was released on 7
  September 2015 in the Belgium capital Antwerp. It was a first of its kind
  report on waste management at the global level.
• It was jointly prepared by the United Nations Environment
  Programme (UNEP) and the International Solid Waste Association (ISWA).
• The purpose of the report is to generate awareness among
  policy makers and public in general about different sources of wastes, their
  impact on health and environment and finally, solutions to mitigate the
  associated problems.
• It identified India as one of the major dumping sites in the
  world as it has become a major destination for unused ship breaking,
  outsourcing polluting industries, etc.
• It surveyed various sources of waste in urban areas
  including waste generated from hospitals, industries and household.

Regards

Team ExamPundit

Sponsored

(adsbygoogle = window.adsbygoogle || []).push({});

Books For 2015 Banking/Insurance Exams