Daily Current Affairs Updates – 12th September 2016

    Daily Current Affairs Updates–12th September 2016:
    Daily Current affairs News Updates about the National and International events were listed here. Candidates those who are preparing for IBPS/SBI/PO/Clerk exam and all other competitive exams can use this.

    NATIONAL
    Union Cabinet approves formation of GST Council
    i. The Union Cabinet on 12 September 2016 approved the process, formation and functioning of the Goods and Services Tax (GST) Council.
    ii. The council will consist of theFinance Minister and State Finance Ministers. It will make recommendations on important issues related to GST, including items and rates.
    Chairperson:Union Finance Minister
    Member:The Union Minister of State, in-charge of Revenue of finance
    Members:The Minister In-charge of finance or taxation or any other Minister nominated by each State Government
    Committee to identify people below the poverty line (BPL)

    i. A task force headed byNITI Aayog Vice-Chairman Arvind Panagariya to prepare a road map for elimination of poverty has submitted its report to thePrime Minister’s Office (PMO) and suggested setting up of a committee toidentify people below the poverty line (BPL).
    ii. The task force, which includedNITI Aayog member Bibek Debroy and secretaries from theMinistries of Rural Development, Housing and Urban Poverty Alleviation, has also suggested participation from the States in defining the BPL population, a senior government official said.
    Govt launches toll free number1924 for postal complaints

    After introducing‘Twitter Sewa’ for redressal of telecom and postal grievances, the government today launched atoll-free number 1924 to register postal complaints.
    It will initially be operational for12 hours on working days and has been started inHindi, Malayalam, and English. Notably, Department of Posts(DoP) is the 8th largest department in terms of number of complaints

    INTERNATIONAL
    China, Russia hold naval drill in South China Sea

    China and Russia have started naval drills in the disputed South China Sea on Monday. China claimed that the “routine” drills, which are expected to lasteight days, are only aimed atstrengthening cooperation.
    This comes amid tensions in the contested waters after a UN court ruled that China does not have “historic rights” over the region.



    Rajnath to visit Russia, U.S.

    Home Minister Rajnath Singh will visitRussia& US next week to discusscross-border terrorism inJammu& Kashmir& growing activities of Islamic State (IS) in the country.
    He will visitRussia for five days, for discussing issues related toIndo-Russia anti-terror cooperation.
    In both the bilateral visits the Home Minister will highlight Pakistan’s direct involvement in cross border terrorism.

    China has longest bullet train network

    China’s high-speed railway has completed over20,000 kms of track network in the country, becoming theworld’s longest bullet train network.
    A high-speed railwaylinking Zhengzhou in China’s central Henan Province with Xuzhou in eastern Jiangsu Province opened on Saturday.
    With this new line, China’shigh-speed railway lineshave exceeded 20,000 kmsin total length, the world’s longest

    China has ‘world’s highest bridge’
    Chinese engineers have completed the basic structure of what is expected to become the world’s highest bridge.The Beipanjiang bridge,inmountainous southwestern China, soars565 metres (1,854 feet) above a river.
    It overtakes theSi Du River Bridge in the central province ofHubei to become the world’s highest bridge.

    Iceland named world’s best adventure destination

    According to a survey conductedby Virtuoso, an internationalluxury travel network, Iceland is the best adventure destination for luxury travel.Galapagos in Ecuador was ranked second while Costa Rica and Chile’s Patagonia tied for the third spot.
    Additionally, activities like hiking, biking and kayaking have been listed as activities preferred by “active and specialty travellers”
    North Korea demands recognition as ‘nuclear state’
    North Korea has demanded theUS recognise it as a “legitimate nuclear weapons state” following itsfifth and largest atomic test, according to officials. They added that UN’s threats of further sanctions against the country were“highly laughable”.
    The officials said North Korea will continue to improve the “quality and quantity” of its weapons to protect itself from American threats

    BANKING NEWS
    Direct tax collection rises by 15% in Apr-Aug

    i. Net direct tax collections during the April-August period hasgrown 15.03%from the year-ago period toINR 1.89 lakh crore, government data released on Monday stated.
    ii. Further, direct tax collections, comprising corporate income tax and personal income tax, till August is22.30% of the budget estimates for the fiscal. The increase has been attributed to robust collections in personal income tax

    BUSINESS NEWS
    Paytm launches Aadhaar-based system for KYC

    Digital payments and e-commerce platform Paytm today launched anAadhaar-based eKYC (E-Know Your Customer) service. KYC is a customer identification procedure followed by banks and wallet companies.
    KYC-enabled Paytm customers are allowed a wallet balancelimit of up to INR1 lakh,as opposed to INR 10k for non-KYC ones. Paytm is set to launch its payments bank before November

    APPOINTMENTS
    Bakytzhan Sagintayev appointed as the Prime Minister of Kazakhstan
    Bakytzhan Sagintaev appointed as Prime minister ofKazakhstan byKazakhstan PresidentNursultan Nazarbayev. Kazakhstan, a Central Asian country and former Soviet republic





    Wasim Bari MD of Pakistan cricket team
    Former Pakistan Test captainWasim Bari has been appointed as the new manager of the national team for the coming‘home’ series against the West Indies in the UAE.
    68-year-old Bari,who played 81 Tests and 51 ODIs, has also served as chief selector and chief operating officer in the board.  Bari was a wicket-keeper and right-handed batsman. At the end of his 17-year career he was the most capped player in Pakistani Test history
    AWARDS
    22nd Guru Kelucharan Mohapatra Award Festival
    Thefive-day-long 22nd Guru Kelucharan Mohapatra Award Festival concluded at theRabindra Mandap auditorium with the presentation of the prestigious awardsnamed after the legendary Odissi artists.
    The Guru Kelucharan Mohapatra Award 2016 forlifetime achievement was presented to Jharana Das (Cinema) and Guru Kishore Kumar Mohanty (Odissi).
    Guru Kelucharan Mohapatra Yuva Prativa Samman 2016 for exceptional diligence and accomplishment was awardedto Rajib Bhattacharya (Odissi),Madhusmita Mohanty (Odissi), P. Praveen Kumar (Bharatanatyam) and Rupak Kumar Parida (Odissi vocal).
    MoUs
    Himachal Pradesh MoU  with Singapore for smart township in jathiadevi

    Himachal Pradesh government has signed a preliminary Memorandum of Understanding(MoU) withSingapore government for developing a smart integrated township inJathiadevi near Shimla airport.
    The MoU was signed betweenHimachal Pradesh Housing and Urban Development Authority (HIMUDA) and Asian Pacific Singapore Enterprise in the presence of Urban Development and Town andCountry Planning and Housing minister Sudhir Sharma.
    SCIENCE& TECHNOLOGY
    ISRO to launch satellite made by IIT-Bombay students

    The Indian Space Research Organisation (ISRO) will launch a satellite developed by the students of IIT Bombay.Called ‘Pratham’, the satellite will measure thetotal electron count of the ionosphere.
    The satellite was conceptualised by two students of theAerospace Engineering department – Saptarshi Bandyopadhyay and Shashank Tamaskar – in July 2007.

    Tata, ICICI to raise Rs.5,500 cr for power plants
    Tata Power and ICICI Venture will create a platform company to raise overINR5,500 crore and facilitate investment in power projects in the next 2-3 years,
    The sponsors and partner investors will contribute the initial capital investment, which will be used to acquire stake in power generating companies in India, the company added

    US-based startup develops 360º 4K action camera
    US-based startupCamoramahas developed a4K action camera that can record360-degree videos. The camera captures virtual reality videos which can be streamed live to YouTube and Facebook.
    The product has been launched onKickstarter for crowdfunding and has already raisedover $150,000. Priced at $239 for early customers, the camera will start shipping in November
    DEFENSE
    ‘Yudh Abhyas 2016’ is set to be conducted in Uttarakhand

    As part of the ongoingIndo-US defense cooperation, a joint military training exercise, ‘Yudh Abhyas 2016’ is set to be conducted in Uttarakhand from September 14 to 27. The exercise inChaubattia was being conducted by the headquarter Central Command.
    The exercise is aimed at stimulating a scenario where both nations were working together to counter insurgency and terrorism in mountainous terrain under UN charter. Thetwo week exercise will witness participation of about225 personnel of the US Army and similar strength of Congo Brigade of the Indian Army.
    China, Russia to stage military drills
    China and Russia were to start war games in theSouth China Sea on Monday.
    Theeight-day joint exercises will include a focus on “seizing and controlling” islands and shoals, Chinese navy spokesman Liang Yang said in a statement.
    They will involvesurface ships, submarines, fixed-wing aircraft,ship-borne helicopters, marine corps and amphibious armored equipment from both navies, he said.

    SPORTS NEWS
    US Open 2016 winners list

    Men’s Singles: Stanislas Wawrinka (Switzerland)
    Women’s Singles: Angelique Kerber (Germany)
    Men’s Doubles: Bruno Soares (Brazil) / Jamie Murray (United Kingdom)
    Women’s Doubles: Bethanie Mattek-Sands (United States) / Lucie Safarova (Czech Republic)
    Mixed Doubles :Laura Siegemund (Germany) / Mate Pavić (Croatia)
    12-year-old sets world record for limbo skating on ice

    Shristi Sharma, a 12-year-oldNagpur girl, has entered theLimca Book of World Records for limbo skating on ice. Sharma ice skated for10 metres under 11 bars placed a metre apart at a height of 33 centimetresfrom the ground,
    She is becoming the only person to accomplish the feat. She also holds a Guinness World Record in limbo roller skating.



    Indian Railways claims Murugappa Gold Cup

    Indian Railways broke theunwritten rule with animpressive performance, barring the defeat to Punjab& Sind Bank in its group (Pool-B). At the final of the 90th All-IndiaMCC-Murugappa Gold Cuphockey tournament here on Sunday,Railways defeated defending champion Indian Oil Corporation (IOC) 2-1 to lift the Trophy.
     

     
        
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