Current Affairs 11th September 2021| Current Affairs News

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CURRENT AFFAIRS: IMPORTANT DAYS

Himalayan Day 2021 – Observed on Sep 09

  • Environmentalist Anil Joshi announced that Himalaya Diwas will be observed on September 9 in Uttarakhand.
  • National Mission For Clean Ganga & Naula Foundation Celebrate Himalayan Day 2021 With The Theme ‘Contribution Of Himalayas And Our Responsibilities’.
  • Joshi, founder of Doon-based ‘Himalayan Environmental Studies and Conservation Organisation’, stated that other Himalayan states are also being urged to celebrate the unique biodiversity of the Himalayas on the date.
  • Additionally, Delhi University will also observe the day.
  • The environmental organisations that have been working for a long time towards the conservation of the flora of Uttarakhand will participate in the September 9 event.

World EV Day – Observed on Sep 09

  • World EV Day is observed on September 9 every year.
  • The day marks the celebration of e-mobility.
  • Special awareness campaigns are organised globally to educate people about the benefits of electric vehicles. World EV Day was an initiative created by sustainability media company Green.TV.
  • The first World EV day was observed in 2020
  • It was largely a social media campaign that encourages drivers to recognise the benefits of electric vehicles and make a commitment that the next car they drive will be electric and not run on conventional fuels.
  • World EV Day works alongside Green.TV’s EV Summit.
  • It brings the world’s e-mobility leaders together to brainstorm on how to take electrification and sustainable transport forwards.

CURRENT AFFAIRS: INTERNATIONAL NEWS

World’s largest plant capturing carbon from air unveiled in Iceland

  • The world’s largest plant designed to suck carbon dioxide out of the air and turn it into rock has started running.
  • The plant, named Orca after the Icelandic word “orka” meaning “energy”, consists of four units, each made up of two metal boxes that look like shipping containers.
  • Constructed by Switzerland’s Climeworks and Iceland’s Carbfix, when operating at capacity the plant will draw 4,000 tonnes of carbon dioxide out of the air every year.

About Iceland:

  • Capital: Reykjavík
  • Currency: Icelandic króna
  • President: Guðni Th. Jóhannesson

CURRENT AFFAIRS: STATE NEWS

India’s first emergency landing strip on national highway introduced in Barmer, Rajasthan

  • Union ministers Rajnath Singh and Nitin Gadkari will inaugurate an emergency landing strip at Gandhav Bhakasar section on National Highway-925 in Barmer, Rajasthan, for Indian Air Force (IAF) planes.
  • An IAF plane, carrying the two ministers, will conduct a mock emergency landing on the national highway.
  • Singh, the Union defence minister, will also visit Jaisalmer where he will interact with IAF personnel.
  • This is the first time that a national highway (NH-925) will be used for emergency landing of IAF aircraft.
  • The National Highways Authority of India (NHAI) has developed a 3-km section of Satta-Gandhav stretch of NH-925A, as an emergency landing facility (ELF) for the IAF.
  • It is part of a newly developed two lane paved shoulder of Gagariya-Bakhasar and Satta-Gandhav section having a total length of 196.97 km.
  • The project will cost Rs.765.52 crore under the Bharatmala Pariyojana.

About Rajasthan:

  • Capital: Jaipur
  • Governor: Kalraj Mishra
  • Chief Minister: Ashok Gehlot
  • National Parks: KeoladeoNational Park, Ranthambore National Park.

Jharkhand assembly clears Bill for 75% quota for locals in private jobs

  • The Jharkhand Assembly cleared the Jharkhand State Employment of Local Candidates in Private Sector Bill, 2021, which accords 75 percent of all existing jobs in the private sector with a monthly salary of up to Rs.40,000 for locals. 
  • Once notified, the Act will make Jharkhand the third state, after Andhra Pradesh and Haryana, to have passed a law reserving jobs for locals in the private sector.
  • The select committee of the state assembly had cleared the original bill with some key changes and submitted its report.
  • The Bill was first originally tabled in the assembly in its budget session in March and was referred to the panel for deeper examination.
  • The amended Bill was tabled in the assembly for consideration by labour minister Satyananad Bhokta and was passed by the House without any further discussion amid pandemonium due to the continued disruptions of proceedings by BJP legislators.

About Jharkhand:

  • Capital: Ranchi
  • Chief minister: Hemant Soren
  • Governor: Ramesh Bais
  • National Parks: Betla National Park

Odisha government launches e-Receipt 2.0 system for tax payment

  • In an effort to enhance electronic payment of taxes and dues easier, the Odisha government rolled out a revamped platform.
  • In the new system, e-Receipt 2.0, payment gateway service providers of Indian Bank and Axis Bank were integrated with the Odisha Treasury portal.
  • Launching the new platform, Chief Secretary S C Mohapatra stated it will provide facilities such as payment through card, UPI ID, QR code and wallet.
  • Service legal agreements were signed between the state government and Indian Bank and Axis Bank for use of payment gateways – Bill desk and CC Avenue.

About Odisha:

  • Capital: Bhubaneswar
  • Governor: Ganeshi Lal
  • Chief minister:Naveen Patnaik
  • National Parks: Similipal National Park, Bhitarkanika National Park.
  • Task force constituted to improve internet connectivity in Karnataka districts by MeitY

CURRENT AFFAIRS: BANKING NEWS

NPCI introduces RuPay credit card stack, ‘nFiNi’ to enable fintechs to co-create bank sponsored credit cards

  • Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, has entered into a first-of-its-kind collaboration with National Payments Corporation of India (NPCI), which leads the retail payments and settlement infrastructure in India with breakthrough products like Unified Payments Interface (UPI), Bharat Bill Payment System, and RuPay, to enable the launch of ‘nFiNi’, a ready stack of services that fintechs and banks can use to issue RuPay credit cards.
  • nFiNi will power RuPay cards by offering access to services through the NPCI network and FirstVisionTM from Fiserv, a microservices-based platform-as-a-service with a set of APIs that supports orchestration of the digital user experience, enables push alerts for in-app, mobile messaging app and SMS notifications, simplified integration options, and instant digital card provisioning, allowing customers to transact immediately after being approved for a card.

About NPCI:

  • The National Payments Corporation of India is the specialised division of the Reserve Bank of India which is under the jurisdiction of the Ministry of Finance, Government of India.
  • It was created by the RBI for operating retail payments and settlement systems in India.

About Fiserv:

  • Fiserv, Inc. is an American multinational Fortune 500 company headquartered in Brookfield, Wisconsin that provides financial technology and financial services.
  • The company’s clients include banks, thrifts, credit unions, securities broker dealers, leasing and finance companies, and retailers.
  • Headquarters: Brookfield, Wisconsin, United States

ICICI Lombard General Insurance ceases to be subsidiary of ICICI Bank post merger with Bharti AXA

  • ICICI Bank stated ICICI Lombard General Insurance has ceased to be its subsidiary, as shareholding of the bank has come down to 48 per cent after the merger of Bharti AXA with the insurer.
  • ICICI Lombard General Insurance Company (ICICI Lombard) had on September 8, 2021, allotted equity shares of the company to the eligible shareholders of Bharti AXA General Insurance Company (Bharti AXA).
  • The scheme of arrangement between Bharti AXA and ICICI Lombard came into effect on September 8, 2021.
  • Bharti AXA was a joint venture between Bharti Enterprises (51 per cent) and French insurer AXA (49 per cent).
  • With the merger of Bharti AXA with ICICI Lombard, both the former owners of Bharti AXA have exited the non-life insurance business.

About ICICI Lombard:

  • ICICI Lombard General Insurance Company Limited is a general insurance company in India.
  • It is engaged in general insurance, reinsurance, insurance claims management and investment management.
  • The company has a Gross Written Premium of Rs.135.92 billion.
  • CEO: Bhargav Dasgupta
  • Headquarters: Mumbai

About Bharti AXA:

  • Bharti AXA Life Insurance Company Limited is a Non-govt company, incorporated on 27 Oct, 2005. It’s a public unlisted company and is classified as’company limited by shares’.
  • CEO: Sanjeev Srinivasan

Paytm Money introduces wealth and investment advisory marketplace on its platform

  • Digital payments and financial firm Paytm announced that its wholly-owned subsidiary, Paytm Money, is launching a wealth and investment advisory marketplace on its platform to offer curated advisory services and products to retail investors.
  • Paytm Money has partnered with start-up WealthDesk to offer investment portfolios called ‘WealthBaskets’ as the first step to build up the advisory ecosystem.

About Paytm:

  • Paytm(a partial abbreviation for “pay through mobile”) is an Indian digital payment system and financial technology company, based in Noida.
  • Paytm is currently available in 11 Indian languagesand offers online use-cases like mobile recharges, utility bill payments, travel, movies, and events bookings as well as in-store payments at grocery stores, fruits and vegetable shops, restaurants, parking, tolls, pharmacies and educational institutions with the Paytm QR code.
  • As of January 2018, Paytm is valued at $10 billion.
  • CEO: Vijay Shekhar Sharma

South Indian Bank unveiled SIB-OneCard credit card

  • South Indian Bank has launched the SIB – OneCard Credit Card.
  • A premium metal card, the SIB – OneCard has a unique app-based onboarding process, which is in line with the Bank’s vision of digital transformation.
  • The internationally valid credit card on the Visa Signature platform can be fully controlled through the powerful OneCard App.

About SIB:

  • South Indian Bank Limited is a major private sector bank headquartered at Thrissur in Kerala, India.
  • South Indian Bank has 924 branches, 4 service branches, 53 extension counters and 20 Regional Offices spread across India.
  • The bank has also set up more than 1,500 ATMs and 91 Cash Deposit Machines.
  • Headquarters: Thrissur
  • CEO: Murali Ramakrishnan

UCO Bank partners with Fisdom to jointly offer wealth management solutions

  • Leading Public Sector Bank, UCO Bank has partnered with Fisdom, operated by a wealth-tech start-up Finwizard Technology Pvt. Ltd. to offer wealth management products and services, beginning with mutual funds, through the Bank’s mBanking Plus App to the Bank’s thirty million customers.
  • Grand Launch ceremony was held on August 31, 2021, in the presence of Shri Atul Kumar Goel, Hon’ble MD, and CEO of UCO Bank, Shri Ajay Vyas, ED-I and Shri Ishraq Ali Khan, ED-II of UCO Bank, Shri Anand Dalmia, Co-Founder & CBO, and Shri Subramanya SV, Co-founder, and CEO of Fisdom.
  • The agreement between UCO Bank and Fisdom was executed by Mr. H K Arora, General Manager-OSD, UCO Bank, and Mr. Rakesh Singh, Executive Director, Fisdom.

About UCO Bank:

  • UCO Bank, formerly United Commercial Bank, established in 1943 in Kolkata, is a major nationalised bank.
  • It is under the ownership of the Ministry of Finance, Government of India.
  • During FY 2020–21, its total business was Rs.3.24 lakh crore.
  • Based on 2020 data, it is ranked 80 on the Fortune India 500 list.
  • Headquarters: Kolkata
  • CEO: Atul Kumar Goel

Visa and Innoviti develop stored value debit card for payments without connectivity

  • Debit card owners will soon be able to request a Visa card from the bank, which can store up to 2,000 rupees on the chip itself, allowing them to trade without a connection.
  • A proof of concept for prepaid cards for offline payments has already been established by Visa in partnership with payment solution company Innoviti.
  • The PoC was carried out in partnership with YesBank and Axis Bank. Prepaid cards are different from prepaid cards that are approved in the network cloud.
  • The Reserve Bank of India has asked banks to devise offline digital transaction solutions that allow transactions to continue in the event of an inadequate communication infrastructure or network failure.
  • Digital payments are heavily dependent on mobile networks, and outages can lead to serious transaction failures in the region.
  • As debit cards are so pervasive throughout India, offline payments using Visa cards are expected to facilitate the transition from cash to digital payments.

CURRENT AFFAIRS: APPOINTMENT AND RESIGNATION NEWS

CAG GC Murmu named as ASOSAI chairman

  • The Comptroller and Auditor General (CAG) of India GC Murmu was elected as the chairman of the assembly of Asian Organization of Supreme Audit Institutions (ASOSAI) for a period of three years from 2024 to 2027.
  • CAG, Murmu was elected by the 56th governing board of ASOSAI and approval for the same was conveyed by the 15th assembly of ASOSAI.
  • India will host the 16th assembly of ASOSAI in 2024.
  • The CAG, as the chairman, will be the chief executive of ASOSAI and represent ASOSAI in its dealings with national and international organisations.

Nirlep Singh Rai appointed as new CMD of National Fertilizers Ltd

  • Nirlep Singh Rai is the new Chairman & Managing Director (CMD) of National Fertilizers Limited (NFL), a Mini Ratna PSU under the Department of Fertilizers.
  • The Appointments Committee of the Cabinet (ACC) has approved the proposal of the Department of Fertilizers for the appointment of the Director to the post.
  • He has been appointed to the post for a period with effect from the date of his assumption of charge of the post till the date of his superannuation, i.e. August 31, 2022, or until further orders.

About Rai:

  • Rai has been serving as Director (Technical) of NFL since April 1, 2020.
  • Prior to this, he was serving as Executive Director in the same organisation.
  • He holds a B.E. (Instrumentation and Control) from Thapar University, Patiala, Punjab.
  • He has professional experience of more than three and a half decades.
  • He has served the company in different capacities in all the production units of NFL including heading the Nangal Unit for more than two years.
  • He took charge as CEO, RFCL on November 1, 2018.
  • Rai has worked in all units of the NFL in various capacities.
  • He has also held charge of technical services and projects at the Bathinda unit.

Kabir Suri takes charge as the new president of National Restaurant Association of India

  • Kabir Suri, Co-Founder & Director, Azure Hospitality, took over as the new President of the National Restaurant Association of India (NRAI) at its 39th Annual General Meeting held online.
  • The appointment was made after Anurag Katriar, Executive Director and CEO of Indigo Hospitality’s two-year term came to an end.Suri has been associated with NRAI since 2017 and was appointed as the Vice President in 2019.
  • Pivotal in the growth and success of one of the fastest growing hospitality companies with popular brands under its wing such as Mamagato, Dhaba by Claridges, Sly Granny, Foxtrot Speedy Chow, Rollmaal, Mamapaati and Celeste Food Services, Suri has been part of the industry for over a quarter of a century.

About national restaurant association of india:

  • The National Restaurant Association of India is a restaurant industry business association in India.
  • The association was founded in 1982, headquartered in Delhi.
  • It was founded by L.C. Nirula of Nirula’s, Madan Lamba of Volga, O.P. Bahl of Khyber Restaurant, R.D. Gora of Gazebo, A.S

Sameer Sharma appointed as AP Chief Secretary

  • Sameer Sharma, a 1985-batch IAS officer, has been appointed as the Chief Secretary of the government of Andhra Pradesh (GoAP) in the place of Aditya Nath Das, who is due to retire on September 30.
  • A G.O. to that effect was issued by R. Mutyala Raju, principal secretary (general administration) and additional secretary to the Chief Minister.Mr. Sharma is currently special chief secretary (planning and resource mobilisation) to GoAP.
  • He had worked as the commissioner of Hyderabad, Vijayawada and Visakhapatnam municipal corporations.

About Andhra Pradesh:

  • It is the only state with three capitals.
  • The largest city and commercial hub of the state, Visakhapatnam being the executive capital while Amaravati and Kurnool are legislative and judicial capitals, respectively.
  • Governor: Biswabhusan Harichandan
  • Chief minister: YS Jagan Mohan Reddy
  • National parks of the state: Sri VenkateshwaraNational Park, Papikondalu National Park.

BBB recommended Atul Kumar Goel for PNB MD & CEO’s position

  • Banks Board Bureau (BBB) recommended Atul Kumar Goel for the post of Managing Director of Punjab National Bank.
  • Goel currently heads Kolkata-based UCO Bank ,which was removed by the Reserve Bank of India from Prompt Corrective Action (PCA) earlier in the day.
  • He will succeed SS Mallikarjuna Rao, who was recently given an extension till January 2022.
  • BBB, the head hunter for state-owned banks and financial institutions, interviewed 11 candidates for the post of MD and CEO of PNB, the country’s second-largest public sector lender.

About PNB:

  • Punjab National Bank, abbreviated as PNB, is an Indian nationalised bank.
  • Its headquarters are in New Delhi, India.
  • It is under the ownership of the Ministry of Finance, Government of India.
  • Headquarters: New Delhi
  • CEO: S. S. Mallikarjuna Rao

CURRENT AFFAIRS: AWARDS AND HONOURS

Trichy Golden Rock Workshop won best Energy Efficient Unit Award

  • The award was instituted and presented by the Confederation of Indian Industry (CII) for significant and innovative practices in the energy efficiency sector.
  • Southern Railway stated the 60 year-old Golden Rock Workshop has adopted best energy conservation practices, which led to the reduction of electrical and thermal energy consumption by 25.6 per cent, 28.87 per cent reduction in carbon footprint during the year.
  • In the movement of coach bogies, energy saving was up to 60 per cent through movement of rail instead of road between workshop and divisions, which also resulted in 67 per cent reduction in CO2.

About CII:

  • The Confederation of Indian Industry is a non-governmental trade association and advocacy group headquartered in New Delhi, India, founded in 1895.
  • CII engages business, political, academic, and other leaders of society to shape global, regional, and industry agendas. It is a membership-based organisation.
  • President: T. V. Narendran

Mumbai teen honoured 2021 International Young Eco-Hero for environment project

  • A 12-year-old environmental activist from Mumbai, Ayaan Shankta, has been named as the 2021 International Young Eco-Hero in recognition of his efforts to solve tough environmental problems.
  • Ayaan Shankta won third place in the 8-14 age category for his project Conservation and Rehabilitation of Powai Lake.
  • He is one of the 25 young environmental activists from across the globe honoured by the Action For Nature (AFN) as a 2021.

About the award:

  • International Young Eco-Hero, an award that recognizes eco-conscious youth aged 8 to 16 who are taking crucial steps to solve tough environmental problems.

CURRENT AFFAIRS : SUMMITS & CONFERENCES

Prime Minister chairs 13th BRICS Summit          

  • Prime Minister Shri Narendra Modi chaired the 13th BRICS Summit
  • The theme of the Summit, [email protected]: Intra-BRICS Cooperation for Continuity, Consolidation and Consensus.
  • It is under the motto of ‘Build-back Resiliently, Innovatively, Credibly and Sustainably’.
  • President Jair Bolsonaro of Brazil, President Vladimir Putin of Russia, President Xi Jinping of China, and President Cyril Ramaphosa of South Africa also Participated in the Summit.

India has highlighted four priority areas for its presidency of BRICS: 

  • Reform of the multilateral system,
  • Counter-terrorism cooperation,
  • Using digital and technological tools to achieve the Sustainable Development Goals (SDG), Enhancing people-to-people exchanges.
  • At the conclusion of the Summit, the leaders adopted the ‘New Delhi Declaration’.

Note :

  • This was the third time that India hosted the BRICS Summit.
  • Prior to this India held the Presidency of the BRICS in 2012 and 2016.
  • In addition to that, this is the second time that Prime Minister Modi has chaired the BRICS Summit ( Previously chaired the Goa Summit in 2016 ).

About BRICS :

  • BRICS is the group composed of the five major emerging countries – Brazil, Russia, India, China and South Africa.
  • Founded: June 2006
  • Location : Shanghai, China

CURRENT AFFAIRS : ACQUISITIONS & MERGERS

Indian edtech unicorn Byju’s acquires online exam preparation platform Gradeup

  • The world’s most valuable edtech company, Byju’s acquired online exam preparation platform Gradeup.
  • Gradeup will be rebranded as Byju’s Exam Prep.
  • It will cater to over 150 exams across 25 categories covering government jobs and and PG entrance exams such as IAS, GATE, CAT, bank PO/ clerk, defence and UGC-NET.

About Byju’s :

  • Founded: 2011
  • Headquarters: Bengaluru, Karnataka
  • Founders: Byju Raveendran, Divya Gokulnath
  • CEO : Byju Raveendran
  • Director : Divya Gokulnath
  • Byju’s has more than 100 million registered students and 6.5 million paid subscribers.

About Gradeup :

  • Founded: 2015
  • CTO: Sanjeev Kumar
  • CEO: Shobhit Bhatnagar
  • Headquarters: Noida

CURRENT AFFAIRS : SCIENCE & TECHNOLOGY

China launches Earth observation satellite Gaofen-502 

  • China successfully launched Earth observation satellite Gaofen-502 into space from the Taiyuan Satellite Launch Center in northern Shanxi Province on a Long March 4C carrier rocket.

Purpose :

  • To monitor environmental protection efforts and boost its natural resources surveillance.
  • It was Developed by the Shanghai Academy of Spaceflight Technology based on its SAST3000 satellite platform.
  • It was the 387th flight mission of the Long March carrier rocket series.
  • Gaofen-5 02 is a hyperspectral satellite that will be used for environmental monitoring, helping to improve the country’s hyperspectral observation capacity of the atmosphere, water and land.

About China :

  • President: Xi Jinping
  • Capital: Beijing
  • Currency: Renminbi

South Korea Test-Fires submarine Ballistic Missile

  • For the first time, South Korea has successfully test-fired a submarine-launched ballistic missile (SLBM).
  • It was conducted by the new Dosan Ahn Chang-ho submarine
  • With this, South Korea became the 8th country & it is the first country without nuclear weapons to develop such a capability.
  • SLBMs have been developed by seven other countries, including the United States, Russia, China, Britain, France, India and North Korea.
  • The missile is believed to be a variant of the country’s Hyunmoo-2B, with a range of about 500km.

About South Korea :

  • President: Moon Jae-in
  • Capital: Seoul
  • Currency: South Korean won

CURRENT AFFAIRS : ENVIRONMENT

India’s 1st dugong conservation reserve to be in Tamil Nadu

  • India’s first Dugong conservation reserve will be built in Tamil Nadu for the conservation of Dugong.
  • The reserve is spread over an area of 500 km in Palk Bay on the southeast coast of Tamil Nadu.

About Dugong :

  • Dugong (Sea Cow) is the State animal of Andaman & Nicobar Islands.
  • It is a marine animal that has been classified as vulnerable to extinction on a global scale by the World Conservation Union (IUCN).
  • They are found in the Gulf of Kutch, Gulf of Mannar, Palk Bay, and Andaman & Nicobar Islands.
  • It is the only herbivorous mammal that is strictly marine and is the only extant species in the family Dugongidae.

About Tamil Nadu :

  • Capital: Chennai
  • Chief minister: K. Stalin
  • Governor : Ravindra Narayana Ravi

New species of gecko found in Goa

  • Researchers from Department of Zoology Goa University and the Thackeray Wildlife Foundation, Mumbai, have discovered a new species of gecko in Goa.
  • It is commonly called the Goan slender gecko.
  • The species of the Hemiphyllodactylus genus has now been given a scientific name, Hemiphyllodactylus goaensis.
  • The new species is the first member of the genus to be described from the northern Western Ghats region as well as Goa state.
  • Also it is only the second Indian Hemiphyllodactylus known from < 100 m above sea level.
  • It was found from two localities in Goa – two in north Goa at Goa University campus and one in south Goa at Chandor.
  • The research was led by Akansh Khandekar of the Thackeray Wildlife Foundation and Dikansh Parmar studying at the Goa University.

About the gecko :

  • It is the smallest known species of that genus with a maximum length of 32 mm.

About Goa :

  • Capital: Panaji
  • Chief minister: Pramod Sawant
  • National Parks :  Salim Ali Bird Sanctuary
  • Wildlife Sanctuaries :  Bondla Wildlife Sanctuary, Molem Wildlife Sanctuary, Cotigao Wildlife Sanctuary, Madei Wildlife Sanctuary, Netravali Wildlife Sanctuary, Mahaveer Wildlife Sanctuary.

 Daily CA On Sep 10 :

  • World Suicide Prevention Day is an awareness day observed on 10September every year
  • India’sfirstIndigenously Designed HighAshCoalGasification Based Methanol Production Plantunveiled at BHEL R&D Centre, Hyderabad
  • Centre Forms committee to Frame New Law For Drugs, Cosmetics, Medical Devices; Head – Dr VG Somani
  • Ministry of Housing and Urban Affairs in collaboration with the Ministry of Electronics and Information Technology launched the pilot drive ‘Main Bhi Digital 3.0’ for Digital Onboarding & Training for street vendors
  • ADB grants $300 million loan toexpand rural connectivity in Maharashtra
  • Asian Development Bank and India have signed two separate loans totalling $412 million for projects in Maharashtra and Jharkhand
  • Mumbai became first South Asian city to work on climate action plan
  • Karnataka state govt to set up spices park in Chikkamagaluru
  • Bank of Baroda announced the launch of its digital banking platform ‘bob World’, aimed at providing all banking services under one roof
  • Reserve Bank of India neglects lending curbs on UCO Bank
  • Reserve Bank of India (RBI) has expanded the tokenisation facility from earlier device-based tokenisation framework to card-on-file tokenisation (CoFT)
  • Lt Gen (retd) Gurmit Singh appointed as governor of Uttarakhand, ex-IPS RN Ravi as new Tamil Nadu governor
  • RBI grants re-appointment of V. Vaidyanathan as MD & CEO of IDFC FIRST Bank
  • The government has appointed 10 merchant bankers including Goldman Sachs (India) Securities, Citigroup Global Markets India, and Nomura Financial Advisory and Securities India to manage the mega initial public offering of country’s largest insurer LIC
  • The Government has appointed S. Pannu as Officiating President of Income Tax Appellate Tribunal (ITAT).
  • Tata AIA Life Insurance announced on-boarding of Olympic gold medallist Neeraj Chopra as its brand ambassador
  • All India Institute of Ayurveda signed MoU with Western Sydney University toappoint Ayurveda Chair
  • Coal India Limited has signed an MoU with Department of Sports in New Delhi for betterment of sports infrastructure in the country
  • IIT Madras RetainsTopSpot in Overall Category of NIRF India Ranking 2021 list
  • Union Cabinet has approved the signing of Memorandum of Understanding between the Instituteof Chartered Accountants of India and the Chamber of Auditors of the Republic of Azerbaijan
  • Cristiano Ronaldo became the highest-scoring man in the international football history with his 110th goal for Portugal

Daily CA On Sep 11 :

  • Environmentalist Anil Joshi announced that Himalaya Diwas will be observed on September 9 in Uttarakhand.
  • World EV Day is observed on September 9 every year.
  • The world’s largest plant designed to suck carbon dioxide out of the air and turn it into rock has started running.
  • Union ministers Rajnath Singh and Nitin Gadkari will inaugurate an emergency landing strip at Gandhav Bhakasar section on National Highway-925 in Barmer, Rajasthan, for Indian Air Force (IAF) planes.
  • The Jharkhand Assembly cleared the Jharkhand State Employment of Local Candidates in Private Sector Bill, 2021, which accords 75 percent of all existing jobs in the private sector with a monthly salary of up to Rs.40,000 for locals. 
  • In an effort to enhance electronic payment of taxes and dues easier, the Odisha government rolled out a revamped platform.
  • NPCI introduces RuPay credit card stack, ‘nFiNi’ to enable fintechs to co-create bank sponsored credit cards
  • ICICI Bank stated ICICI Lombard General Insurance has ceased to be its subsidiary, as shareholding of the bank has come down to 48 per cent after the merger of Bharti AXA with the insurer.
  • Digital payments and financial firm Paytm announced that its wholly-owned subsidiary, Paytm Money, is launching a wealth and investment advisory marketplace on its platform to offer curated advisory services and products to retail investors.
  • South Indian Bank has launched the SIB – OneCard Credit Card.
  • Leading Public Sector Bank, UCO Bank has partnered with Fisdom, operated by a wealth-tech start-up Finwizard Technology Pvt. Ltd. to offer wealth management products and services, beginning with mutual funds, through the Bank’s mBanking Plus App to the Bank’s thirty million customers.
  • Debit card owners will soon be able to request a Visa card from the bank, which can store up to 2,000 rupees on the chip itself, allowing them to trade without a connection.
  • The Comptroller and Auditor General (CAG) of India GC Murmu was elected as the chairman of the assembly of Asian Organization of Supreme Audit Institutions (ASOSAI) for a period of three years from 2024 to 2027.
  • Nirlep Singh Rai is the new Chairman & Managing Director (CMD) of National Fertilizers Limited (NFL), a Mini Ratna PSU under the Department of Fertilizers.
  • Kabir Suri, Co-Founder & Director, Azure Hospitality, took over as the new President of the National Restaurant Association of India (NRAI) at its 39th Annual General Meeting held online.
  • Sameer Sharma, a 1985-batch IAS officer, has been appointed as the Chief Secretary of the government of Andhra Pradesh (GoAP) in the place of Aditya Nath Das, who is due to retire on September 30.
  • Banks Board Bureau (BBB) recommended Atul Kumar Goel for the post of Managing Director of Punjab National Bank.
  • The Golden Rock Railway Workshop (GOC), Tiruchchirappalli has bagged 22nd National Award for Excellence in Energy Management from the Confederation of Indian Industry (CII) 
  • A 12-year-old environmental activist from Mumbai, Ayaan Shankta, has been named as the 2021 International Young Eco-Hero in recognition of his efforts to solve tough environmental problems.
  • Prime Minister Shri Narendra Modi chaired the 13th BRICS Summit virtually & the theme of the Summit, [email protected]: Intra-BRICS Cooperation for Continuity, Consolidation and Consensus.
  • The world’s most valuable edtech company, Byju’s acquired online exam preparation platform Gradeup.
  • China successfully launched Earth observation satellite Gaofen-502 into space from the Taiyuan Satellite Launch Center in northern Shanxi Province on a Long March 4C carrier rocket.
  • For the first time, South Korea has successfully test-fired a submarine-launched ballistic missile (SLBM).
  • India’s first Dugong conservation reserve will be built in Tamil Nadu for the conservation of Dugong.
  • Researchers from Department of Zoology Goa University and the Thackeray Wildlife Foundation, Mumbai, have discovered a new species of gecko in Goa.
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