Current Affairs Update – 9th September, 2015

Hello and welcome to ExamPundit. Here are the Important Current Affairs Update of 9th September, 2015. These are important for the upcoming IBPS PO V.

• The Union Cabinet has approved the proposal to allow 100 per
  cent foreign direct investment (FDI) in white labelled automated teller
  machines (ATM) through the automatic route.
• The decision is likely to result in faster growth of the
  white labelled ATMs–set up by private non-banking entities—as flow of foreign
  funds will now get expedited.
• “The Cabinet approved 100 per cent FDI in white labelled
  ATMs through the automatic route (instead of through government approval
  route),” Finance Minister Arun Jaitley said at a press briefing following the
  Cabinet meeting on Wednesday.
• The government’s decision is primarily aimed at improving
  financial inclusion as such ATMs are also set up in smaller towns and cities.
• The Cabinet, however, did not take up the long-pending
  proposal for allowing foreign and domestic companies with manufacturing units
  in India to sell their products on-line through e-commerce platforms directly
  to consumers.

• The Commerce Ministry has launched an online certification
  programme to reach out to potential exporters and mentor them through
  orientation, counselling sessions, and individual facilitation.
• `Niryat Bandhu @ Your Desktop’ launched by Commerce
  Secretary Rita Teaotia on Wednesday aims to get a larger number of Indians into
  international trade and boost exports from India, an official release said.
• “This programme would serve the twin objectives of ‘Digital
  India’ and ‘Skill India’,” the release added.
• The Directorate-General of Foreign Trade (DGFT) under the
  Commerce Ministry already runs a Niryat Bandhu Scheme under which potential
  exporters and importers undergo training by physically attending classes. A
  total of 18,000 people were trained under the scheme in 2014-15.
• The online programme, also to be run by the DGFT, is
  expected to reach out to many more. “This online programme would enable them
  (the candidates) to learn the essentials of export import business from the
  comfort of their homes, through direct live transmission of the lessons on
  their desktops. The sessions would be followed up by online question answer
  sessions where they can address their concerns with reputed experts from the
  Indian Institute of Foreign Trade (IIFT),” the release said.

• Yes Bank is planning to raise around $1 billion in 2016 to
  support its growth plans.
• Speaking on the sidelines of Tamil Nadu Global Investors
  Meet at Chennai today, Rana Kapoor, founder & CEO, Yes Bank said that last
  year the lender had raised half a billion dollars and considering the 25-27 per
  cent growth it is planning to raise $1 billion next year.
• He also announced setting up of largest ever operations
  management and services delivery facility in Ambattur, Chennai with an
  investment of around Rs 125 crore and it will be spread over 4 lakh sq ft to
  employ 9,000 employees at full capacity and by 2020 it will be increased to
  12,000.
• The centre would support the proposed expansion of the
  lender’s branch network. Currently, the bank has 700 branches and is planning
  to take it to 1,500 by March 2018 and then to 2,500 by 2020.

• The World Federation of Exchanges (WEF), in the first week
  of September 2015, announced that the Bombay Stock Exchange (BSE) has the
  highest number of listed companies in the world.
• By the end of June 2015, a total number of 5689 companies
  were listed with the BSE. However, out of 5689, only one company was a foreign
  company.
• The National Stock Exchange of India (NSE) had 1750 listed
  companies by the end of June 2015.
• Though BSE leads the world in terms of listed companies,
  Shanghai stock exchange of China (having 1070 companies) was at the top in
  terms of value of share trading with 30 trillion US dollars worth transactions
  in June 2015.
• World Federation of Exchanges is based in London, United
  Kingdom.

• The Union Cabinet on 9 September 2015 gave its approval for
  the Sovereign Gold Bonds Scheme.
• The purpose of the scheme is to reduce the demand for
  physical gold and to shift part of the estimated 300 tons of physical bars and
  coins purchased every year for investment into Demat (Dematerialised) gold
  bonds.

• Bonds will be issued on payment of money and would be linked
  to the price of gold.
• The sell would be restricted to resident Indian entities and
  each entity cannot buy more than 500 grams per person per year.
• The bonds will be issued in denominations of 2, 5 and 10
  grams of gold or other denominations.
• The cap on bonds that may be bought by an entity would be at
  a suitable level, not more than 500 grams per person per year.

• The Union Minister for Social justice and Empowerment
  Thaawar Chand Gehlot on 8 September 2015 inaugurated the new production
  facility for producing affordable lower limb prosthetic systems. The facility
  was launched under the Make In India initiative with an estimated cost of 6
  Crores rupees.
• For this, Artificial Limbs Manufacturing Corporation of
  India (ALIMCO) signed the Transfer of Technology (ToT) and Technical &
  Consultancy Services agreement with multinational company Ottobock for mass
  manufacturing of new generation Lower limb prosthetic systems for PwDs (Persons
  with Disabilities).

• The Jharkhand Government on 8 September 2015 approved the
  formation of an Anti-Terrorism Squad (ATS) in the state. The State cabinet also
  gave its approval to create 243 ATS posts.
• The ATS will be headed by an official of the rank of
  Superintendent of Police and will have six DSP and 11 Inspectors in it. The
  police will get full cooperation in meeting internal security challenges as
  government’s priority is to provide security to the people of the state.
• Jharkhand has turned into a haven for terrorists, the two
  terrorists involved in the 2002 American Centre attack in Kolkata were from
  Jharkhand itself, however, they were killed in a gun battle with security
  forces in Hazaribagh district.

• Haryana Government in first week of September 2015 issued a
  complete ban on manufacturing, storage, distribution and sale of gutka, pan
  masala, flavoured or scented tobacco, kharra and other similar products
  containing tobacco. The decision was taken in interest of public health.
• The Food and Drugs Administration (FDA) issued notification
  in this regard. The notice prohibits the sale and purchase of tobacco products
  for one year starting from 3 September 2015.

• India and Bangladesh today agreed on expeditious
  repatriation of the fishermen who stray into each other’s territorial waters.
• The agreement was reached at a meeting visiting Bangladesh
  Chief of Army Staff Gen Abu Belal Muhammad Shafiul Huq had with Home Minister
  Rajnath Singh.
• The issue of fishermen drifting unwittingly into each
  other’s territorial waters was discussed at the meeting and it was agreed that
  the return of such people to their respective countries should be expedited, an
  official statement said.
• The Home Minister appreciated the cordial implementation of
  the Land Boundary Agreement between the two countries.
• On the issue of people of enclaves exchanged under LBA
  wanting to shift to India by disposing off their immovable property, it was
  pointed out by the Bangladesh delegation that the joint working group of the
  two countries is seized of the matter.

• Defence Research and Development Organisation (DRDO) today
  said it has got its first woman Director General with the appointment of J
  Manjula as Director General, Electronics & Communication Systems cluster.
• She has assumed charge from distinguished scientist and
  Director General Dr K D Nayak, who was holding Additional charge as Director
  General Electronic & Communication Systems, DRDO said in a release.
• Manjula has the honour of being the first woman Director
  General of DRDO cluster. She has been leading Defence Avionics Research
  Establishment (DARE), an establishment of DRDO, as a Director since July 2014,
  it said.
• Manjula is an alumna of Osmania University and a practising
  electronics and communications engineer.
• DRDO said she has served in Defence Electronics Research
  Laboratory, Hyderabad, for more than 26 years in the area of Integrated
  Electronic Warfare.

• Marking a first in the industry, fitness and sportswear
  brand HRX, owned by actor Hrithik Roshan, has signed on another celebrity as an
  endorser. Tiger Shroff, who had a dream debut in the form of Heropanti last
  year, will be seen as the face of HRX’s campaign that takes inspiration from
  dance and fitness.
• HRX started operations in 2013 with an e-commerce only
  launch on Myntra.com. The brand is currently available on its launch platform
  Myntra and Flipkart, but will be seen in physical retail outlets in the next
  fiscal. It currently has a range of sports and fitness wear (for men), footwear
  and launched a range of deodorants earlier this year.
• Shroff has been signed on for a multi-year contract at
  roughly Rs 1 to 1.5 crore a year. This is Shroff’s first major brand
  endorsement.

• Muziris Heritage Project of Kerala Tourism has bagged the
  Pacific Asia Travel Association (PATA) gold award for 2015 under the heritage
  category.
• PATA awards bring into limelight the extraordinary works of
  travel and tourism stakeholders in the Asia Pacific region. This year’s awards
  were given away at the 38th edition of PATA Travel Mart held here.
• The PATA citation said the Muziris Heritage Project entailed
  the involvement of multiple government departments as well as research and
  academic institutions.
• The project focuses on sustainability and involvement of
  local community with a master plan following international guidelines such as
  Unesco charters on heritage conservation. The project has been implemented
  without tampering the region’s rich biodiversity, strong social structure and
  healthy ecosystem.

• Australia wicketkeeper Brad Haddin announced his retirement
  from first class cricket on Wednesday, following Michael Clarke, Shane Watson
  and Chris Rogers in stepping down from tests in the wake of the Ashes series
  defeat.
• The pugnacious 37-year-old, who retired from one day cricket
  after Australia’s World Cup triumph earlier this year, kept wickets in 66
  tests, scoring 3,266 runs at an average of 32.98 and taking 262 catches with
  eight stumpings.
• With Adam Gilchrist his predecessor, Haddin had to wait
  until he was 30 until he played his first test against West Indies in 2008.
• He lost his place in the side in 2012 when he stood down
  from the tour of West Indies for personal reasons but returned in early 2013.

• Supreme Court of Pakistan on 8 September 2015 ordered
  immediate adoption of Urdu as official language of the country. With this
  order, Urdu will be used as an official language at the government offices of
  Pakistan.
• The order was passed by a three member bench headed by Chief
  Justice Jawwad S Khawaja while delivering judgment in a case. The petitioner
  Advocate Kokab Iqbal through his petition wanted promotion and implementation
  of the national language.
• The Court also ruled that under the 1973 Constitution it is
  must to adopt Urdu as official language.

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