Daily Current Affairs Updates – 24th September 2016

    Daily Current Affairs Updates–24th 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

    Mission Parivar Vikas’ of Government

    i.Ministry of Health and Family Welfare will soon launch“Mission Parivar Vikas” in145 high focus districts having the highest total fertility rates in the country.

    These145 districts are in the seven high focus, high TFR states of Uttar Pradesh, Bihar, Rajasthan, Madhya Pradesh, Chhattisgarh, Jharkhand and Assam that constitute 44% of the country’s population.
    ii. The main objective of‘Mission Parivas Vikas’ will be to accelerate access to high quality family planning choices based on information, reliable services and supplies within a rights-based framework.

    PM approves constitution of two committees for commemoration of birth centenary of Pandit Deendayal Upadhyay

    i.Prime Minister Narendra Modi has approved the constitution of two committees for the commemoration of the birth centenary ofPandit Deendayal Upadhyay.

    ii.Mr. Modiwill head the149 member National Committee while Home Minister Rajnath Singh will chair the 23 member Executive Committee. Former Prime Ministers Atal Bihari Vajpayee and H.D. Deve Gowda, Union Ministers Rajnath Singh, Sushma Swaraj, Arun Jaitley and Manohar Parrikar, former Deputy Prime Minister L.K. Advani and BJP President Amit Shah are the members of National Committee.
    iii. Besides, Bihar Chief Minister Nitish Kumar, Yoga Guru Baba Ramdev, Film Director Chandraprakash Dwivedi, former Hockey player Dhanraj Pillai, former Chief Justice R C Lahoti and Constitutional expert Subhash Kashyap will have also been included in the National Committee among others.
    iv. Union Minister Dr. Mahesh Sharma will be the Convenor of the committee.

    315cr Released for Building Toilets Along Ganga

    i.Union Water Resources, River Development andGanga Rejuvenation Ministry has released an amount ofRs. 315 croreto the Ministry of Drinking Water and Sanitation for the implementation of Ganga action plan underSwachh Bharat Mission (Gramin) during the current financial year.

    ii. This amount will be spent on the construction of toilets along the river Ganga.
    iii. It may be recalled that Water Resources, River Development and Ganga Rejuvenation Ministry had released Rs. 263 crore for this purpose to the Ministry of Drinking Water and Sanitation during the last financial year. So far, 14,500 toilets have been constructed under this scheme.

    India Ranks 143rd in Sustainable Development Goals (SDG)
    i. In the first ever annual assessment ofSustainable Development Goals (SDG) in health performance India has ranked143rdamong 188 countries.
    Health Indicators measured includes: mortality rates, malaria, hygiene and air pollution.
    ii. The study was published in medical journal Lancet and launched at a special event at the United Nations general assembly in New York.
    iii. India was placed just ahead of Pakistan and Bangladesh which were ranked 149th and 151st respectively . India’s is placed lower than countries like Bhutan, Botswana, Syria and Sri Lanka.
    iv. The SDGs are 17 universal goals, 169 targets and 230 indicators set by the United Nations in 2015 to guide a range of pressing problems, including food and water security, poverty and climate change up to 2030.
    v. The Central African Republic, Somalia and South Sudan had the lowest values in the SDG index.

    INTERNATIONAL
    Russia-Pakistan Military Drill ‘Friendship 2016’

    I. Russian forces have reached inPakistan for its first everjoint military drill.
    The military exercise in which around200 Russian army men are participating, was earlier reported to have been cancelled in the wake of thekilling of 18 soldiers in the September 18 terror attack on an Indian army base inJammu and Kashmir.
    II. The two-week military drillnamed ‘Friendship 2016’ is thefirst between the two former Cold War rivals. It will continue till October 7.
    The exercise is a signal thatRussia and Pakistan are deepening their military cooperation.
    Yangzhou Host India Business and Culture Fest

    i. China’s Yangzhou city is hostingIndia Week celebrations from23 September with a business and investment meeting to be attended by CEOs oftop Indian firms.
    As part ofYangzhou’s International Cuisine Festival, an‘Incredible India Pavilion’ was inaugurated, showcasing select Indian food delicacies and for promoting tourism-related travel options for Yangzhou visitors to India.
    The city in coastal Jiangsu province has been an important business partner for India in the Eastern China Region.
    ii. Companies in Yangzhou have shown keen interest in investing in India as part of the projects available under the‘Make in India’ initiative.
    iii. Secretary of the ruling Communist Party of China’s Yangzhou unit, Xie Zhengyi, will soon lead an investors’ delegation to India to explore opportunities for investment.
    BANKING NEWS
    IRDAI Slaps Penalty on SBI Life Insurance

    i. Insurance regulator IRDAI has imposed a penalty ofRs 10 lakh onSBI Life Insurance Company for violations of various norms.
    ii. Inspection reports indicated that it had done 621 policies after expiry of licence.
    Authority renewed the expired licence of the corporate agent from a retrospective date i.e licence expiry date, which is only for operational convenience but doesn’t mean that insurer is allowed to procure business during the licence expiry period while the renewal application was under process.
    SEBI Bars 4 Firms From Selling Assets

    i. Securities and Exchange Board of India has prohibited four companies from selling various immovable and movable properties as part of its efforts to recover dues totalling overRs 1,200 crore.
    ii. The companies are Mega Mould India,Promotech Infratech, Megasys Medi life and Mangalam Agro Products.
    iii. After finding that the companies and their directors illegally raised funds from the public, the SEBI had earlier asked them to refund the money to investors.
    iv. While Mega Mould India owesRs 888 crore to Sebi, an amount ofRs 331.77 crore,11 crore and Rs 52.79 lakhs is to be recovered from Promotech Infratech, Mangalam Agro Products and Megasys Medi life, respectively.
    BUSINESS NEWS
    Canara Bank to raise $500mn for its overseas branches

    i. State-owned Canara Bank on Friday said its board haspermitted raising up to $500 million as a part of its $2-billion medium-term note programme, for funding its overseas branches.
    ii. This would be done by issuing senior unsecured foreign currency bonds in international markets. The board has also approved raising up to Rs1,128 crore via a rights issue to existing shareholders.

    Digital finance to create 21mn jobs in India by 2025′

    i. Digital finance could boost India’s gross domestic product by$700 billion by 2025 and create 21 million new jobs, a McKinsey Global Institute report said.
    ii. Digital finance, delivered through phones and internet, among others, will contribute nearly two-thirds of India’s GDP rise. Globally, businesses could save costs worth $400 billion and 25 billion labour hours by switching to digital payments.

    AGREEMENTS&MoUs
    India China Sign MoU on Tea Production

    i. India and China have joined hands to promote sustainable tea production and consumption.
    ii. The United Planters’ Association of Southern India (UPASI)andChina Tea Marketing Association (CTMA) signed a Memorandum of Understanding (MoU) in this regard.
    iii. ThisMoU is the first step towards greater regional cooperation between Indian and Chinese tea industries, which produce and consume the highest volume of tea in the world. The funding support for this region would be around€15 million by 2020.
    Andhra Bank agreements with Cigna TTK and Reliance General Insurance

    i. Andhra Bankhas entered into corporate agency agreements withCigna TTK Company Ltd, and RelianceGeneral Insurance Company Ltd for providing health and general insurance respectively, to its customers.
    ii. “The tie-up with both the insurance companies will immensely benefit the customers by providing alternatives in choosing products. These partnerships will provide mutual benefit to the bank and insurance companies in tapping the potential in the market and also help in increasing the insurance coverage.
    The two separate agreements were signed in presence of Andhra Bank Executive DirectorS K Kalra, MD and CEO ofCigna TTKHealth InsuranceSandeep Patel and CEO of Reliance General InsuranceRakesh Jain, among other
    APPOINTMENTS
    Girish Chandra Gupta was sworn in as Chief Justice of Calcutta

    i. Justice Girish Chandra Gupta was sworn in asChief Justice of Calcutta High Court.
    ii. West Bengal Governor K.N. Tripathi administered the oath of office to Justice Gupta at the Raj Bhavan in the presence of Chief Minister Mamata Banerjee.
    iii. Gupta replaces Manjula Chellur, who has taken over as Chief Justice of Bombay High Court.





    PESB selects Sanjiv Singh for IOC’s top post

    i. Sanjiv Singh will be the newChairman of Indian Oil Corporation (IOC), the nation’s largest company.
    ii. Singh, 56, who iscurrently Director of Refineries at IOC, was selected for the top job after government headhunters Public Enterprise Selection Board (PESB) interviewed eight candidates.


    M.S. Sahoo appointed chairman of Insolvency and Bankruptcy Board

    i. The cabinet’s panel approves the appointment ofM.S. Sahoo as chief ofthe Insolvency and Bankruptcy Board for a period of 5 yearsor until further orders, whichever is the earliest
    ii. M.S. Sahoo is currently a member at anti-trust regulator CompetitionCommission of India and was earlier a member at capital markets regulator Sebi

    Vijay Kelkar elected president of ISI

    i. Former petroleum secretaryVijay Kelkar has been elected president of the prestigious Indian Statistical Institute (ISI).

    ii. Kelkar succeeded former RBI governor C Rangarajan.
    He was elected at the general body meeting of the institute, which functions under the Ministry of Statistics and Programme Implementation

    Mohan M Shantanagoudar new CJ of Kerala

    i.Justice MohanM Shantanagoudar was sworn in as Chief Justice of Kerala High Court at a function held at Raj Bhavan here.
    ii. Governor Justice (Retd)P Sathasivam administered oath of office to Justice Shantanagoudar, who was the acting Chief justice. Chief Minister Pinarayi Vijayan and his cabinet colleagues were among those present on the occasion





    Centre appoints 3 scholars to RBI monetary policy panel

    i. The Union government has named3 outside experts as members of the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), moving to a model followed in the developed world.
    ii. The6 member MPC – the other 3 members are from RBI will conduct its first monetary policy review on 4 October, Urjit Patel’s first as RBI governor.
    The Appointments Committee of the Cabinet has approved the names ofChetan Ghate, a professor at Indian Statistical InstitutePami Dua, director at Delhi School of Economics (DSE) andRavindra Dholakia, professor at Indian Institute of Management, Ahmadabad, as MPC members.
    AWARDS
    Industrialist Adi Godrej conferred Clinton Global Citizen Award

    i. IndustrialistAdi Godrej, the Chairman of Mumbai-basedGodrej Group, was conferred the10th Annual Clinton Global Citizen Award for leadership in business and philanthropy, an official said here on Wednesday.
    ii. The award recognizes Godrej’s “leadership in transforming the intersection of business and philanthropy and making the Godrej Group a global example of what can be achieved through inclusive, sustainable business strategies”.
    iii. It was presented by Hikmet Ersek, CEO and President Western Union, in the presence of former US President Bill Clinton and his daughter Chelsea in New York on Monday.
    DEFENCE
    Indian Air Force successfully test fires long range air-to-air MICA missile

    i. Indian Air Force has successfully fired recently acquired long range air-to-air MICA missile on a manoeuvring target fromMirage-2000 Upgrade combat aircraft.
    ii. A Defense Ministry release said in New Delhi yesterday that the missile achieved a direct hit on a target which was much smaller than an actual aircraft and flying at a low altitude.
    iii. The release said, with the success of this mission by‘Tigers’, the first squadron of the force,IAF has becomeone of the few air forces in the world with the capability of such beyond visual range air-to-air missile
    India-Russia Military Exercise Begins

    i. Theeighth edition of India-Russia Joint Military Exercise‘INDRA-2016’ has begun in theUssiriyskDistrict inVladivostok, Russia.
    ii. Main focus of this edition of the joint exercise is on ‘Counter-Terrorism Operations in semi mountainous and jungle terrain under United Nations Mandate’.
    iii. To achieve interoperability in joint operations, troops from both sides would acquaint themselves with the respective approach to such operations.
    BOOKS
    President, PM launch VP’s book titled “Citizen and Society”

    i. President Pranab Mukherjee and Prime Minister Narendra Modi today launched Vice President Mohd Hamid Ansari’s book titled“Citizen and Society” at theRashtrapati Bhawan in New Delhi.
    ii. The book is a collection of lectures delivered byHamid Ansari ranging from the role of women in a multicultural society to other dynamics of a democratic nation.

    SPORTS NEWS
    Hurt Ritu Rani retires from international hockey

    i. Former Indian women’s hockey captain Ritu Rani has retired from international hockeyafter being deeply hurt following her axing from the Rio Olympics-bound squad.
    Ritu, who was controversially dropped from the team for theRio Olympics citing“attitude” issues, however was included in the 29 probables for the national camp which began in Bhopal on Sunday.
    Vani Kapoor clinched the 13th leg of the womens Professional Golf Tour

    i. Indian golfer Vani Kapoor clinched the13th leg of the womens Professional Golf Tour on the final day at the Jaypee Greens at Noida.
    ii. This is Vani’s sixth title in nine appearances this season. Gursimar Badwal finished runner­up with a total score of 222, followed bySaaniya Sharma in third place.
    iii. The Tour now moves to the historic Delhi Golf Club for the 14th Leg to be played from September 26.
    Sania Mirza wins her 40th WTA doubles title

    i. Indian tennis star Sania Mirza wonher 40th WTA doubles title after winning the Pan Pacific Open title in Tokyo on Saturday.

    ii. Sania and her Czech partner Barbora Strýcová, playing together in their third tournament, defeated China’s Zhaoxuan Yang and Chen Liang 6-1, 6-1 in the 52-minute long tournament final.


     

        
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