Current Affairs Daily Updates: 05 September 2017

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Current Affairs Daily Updates: 05 September 2017
Tamilnadu Mercantile Bank gets new CEO & MD
  • KV Rama Moorthy took charge as Managing Director and Chief Executive Officer of Tamilnadu Mercantile Bank.
  • He succeeds HS Upendra Kamath.
  • His appointment is for a period of three years.
Rajyavardhan Singh Rathore appointed as New Sports Minister
  • Rajyavardhan Singh Rathore is appointed as the new Youth Affairs and Sports Minister.
  • The 47-year-old Rathore was up until now serving as the Minister of State for Information & Broadcasting.
  • Rathore served as a commissioned officer in The Grenadiers regiment of the Indian Army before retiring in 2013 as a colonel.
  • He was awarded the Padma Shri in 2005.
Banking Operations started by Fincare Small Finance Bank
  • Fincare Small Finance Bank has started its functioning with 25 operational branches in four states of Andhra Pradesh, Gujarat, Karnataka and Tamil Nadu.
  • Earlier it was known as Disha Microfin Limited.
  • RBI has granted small finance bank license to this bank in May 2017.
    • CEO: Rajeev Yadav
    • Headquarter: Bengaluru
DBS becomes second bank to get in-principle nod to operate as wholly-owned unit
  • Singapore-based bank DBS got final approval to operate as a wholly-owned subsidiary (WOS) in India after a delay of two years.
  • DBS is the second foreign lender after SBM (Mauritius) to get an in-principle approval to operate as WOS in India.
  • The DBS Bank has a strong network in the form of Digibank in India with about 1.5 million customers.
  • DBS operates through 12 branches in the country at present with over a million customers. The bank has already drawn up plans of expanding presence in the country in a staggered way which is included in the application submitted.
Trinamool Leader Sultan Ahmed Is No More
  • Former Union minister and sitting Trinamool Congress MP Sultan Ahmed has died following a cardiac arrest.
  • He was elected to the Lok Sabha from Uluberia constituency from Trinamool Congress party.
  • He was the Union Minister of State for Tourism in the UPA government.
Arunachal Pradesh Health Minister passes away
  • Arunachal Pradesh Health and Family Welfare Minister Jomde Kena died at a private hospital in Guwahati after a prolonged illness.
  • 52-year-old Kena, a resident of Gensi village in Lower Siang district was undergoing treatment at Guwahati for the past one month.
September 5: International Day of Charity
  • The United Nations (UN) observes September 5 every year as International Charity Day. The Day calls for a spirit of strengthened global solidarity, focused in particular on the needs of the poorest and most vulnerable.
  • The Day also acknowledges the role of the diverse private sector, ranging from micro-enterprises to cooperatives to multinationals, and that of civil society organizations and philanthropic organizations in the implementation of the new Agenda.
National Teachers Day is observed on September 5th
  • In India, National Teachers Day is celebrated on September 5th to honor Dr. Sarvepalli Radhakrishnan Birthday.
  • Dr. Sarvepalli Radhakrishnan a great scholar, philosopher, and teacher of modern India and was awarded the Bharat Ratna in 1954.
  • He became the first Vice President of India (from 1952 to 1962) and the second President of India (from 1962 to 1967).
China announced $80 Million Funding Plan for BRICS
  • China gave 500 million yuan ($76.4 million) for a BRICS economic and technology cooperation plan, and another $4 million for projects at the BRICS countries' New Development Bank stated Chinese President Xi Jinping.
  • The announcement came amid questions over the relevance of BRICS and China's commitment to its New Development Bank (NDB) in light of the Belt and Road initiative and the China-led Asian Infrastructure Investment Bank.
Prime Minister Narendra Modi to hold bilateral meet with Chinese Prez Xi to participate in Dialogue of Emerging Market and developing countries
  • Prime Minister Narendra Modi held a bilateral meeting with Chinese President Xi Jinping in Xiamen, China.
  • The countries other than Brazil, Russia, India, China, South Africa (BRICS) nations participating in the dialogue are Egypt, Guinea, Mexico, Tajikistan, and Thailand.
  • The 9th BRICS Summit held in China made to get named terror groups like Lashkar-e-Taiba and Jaish-e-Mohammad operating from Pakistani soil and a comprehensive approach against terrorism by BRICS leaders in the Xiamen declaration.
Union Health Ministry Launched Two New Contraceptives Antara and Chhaya
  • The Union Ministry of Health and Family Welfare launched two new contraceptives- an injectable contraceptive MPA under the ‘Antara’ program and a contraceptive pill ‘Chhaya’ in the public health system to expand the basket of contraceptive choices for couples.
  • These contraceptives have been launched in 10 states including Delhi, Maharashtra, Uttar Pradesh, Madhya Pradesh, Rajasthan, Karnataka, Haryana, West Bengal, Odisha, and Goa.
Odisha CM inaugurates the fourth Govt. Medical College in Koraput
  • The Chief Minister of Odisha Naveen Patnaik has inaugurated the fourth Government Medical College in Koraput.
  • The Medical College has been named after ‘Saheed Laxman Naik’ (freedom fighter of Koraput).
  • The Admission process for one hundred seats has been completed and classes began on Monday.
India despatches First Diesel Consignment to Myanmar
  • India and Myanmar, the first consignment of 30 MT of High-Speed Diesel sent from India to Myanmar by land route.
  • Numaligarh Refinery Limited (NRL), which has been supplying HSD to Bangladesh, despatched the first diesel consignment through NH 37 across the Moreh Custom Check Point on the Indian side and Tamu Custom Check Point on the Myanmar side.
  • It is to enhance hydrocarbon synergy with neighboring countries as well as promoting India’s Act East Policy.
  • It already exported 1700 MT of Paraffin wax to Myanmar.
Union Government forms task force for speedy implementation Namami Gange
  • The Union Ministry of Water Resources, River Development, and Ganga Rejuvenation constituted a task force for speedy implementation of various ongoing Namami Gange program.
  • The task force is expected to have ministers and officials from water resources, urban development, drinking water and sanitation and rural development.
  • Namami Gange programme is a program of Union Government aiming at integrating various efforts to clean and protect River Ganga.
CIPAM-DIPP launches social media campaign to promote Geographical Indications
  • The Cell for IPR Promotions & Management (CIPAM) under the aegis of Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce and Industry launched a social media campaign to promote Indian Geographical Indications (GIs) with #LetsTalkIP an ongoing movement initiated by CIPAM to make more people aware about the importance of Intellectual Property Rights.
  • It is a sign used on products that have a specific geographical origin and possess qualities or a reputation that are due to that origin.
  • The promotion of GIs is in line with the Government’s ‘Make in India’ campaign.
  • It’s an area of strength and optimism for India, whereby the GI tag accorded protection to a number of hand-made and manufactured products, especially in the informal sector.
CBDT signs four Advance Pricing Agreement
  • The Central Board of Direct Taxes (CBDT) entered into four more Advance Pricing Agreements (APAs), pertaining to sectors like telecom, banking, manufacturing and education in August 2017.
  • The bilateral APA was for international transactions between an Indian company and UK-based company.
  • The scheme of CBDT aims to provide certainty to taxpayers in the domain of transfer pricing by specifying methods of pricing.
Surya Kiran: Indo-Nepal joint Military exercise
  • The 12th edition of India-Nepal joint military exercise- Surya Kiran XII was held at Nepal Army Battle School (NABS) in Saljhandi, Nepal.
  • The 14 day exercise (from 3 to 16 September 2017) focused on skills required counter-terrorism and counter-terror, forest fighting and natural disaster management operations.
FIFA U-17 World Cup song officially launched
  • The official song for the FIFA Under-17 World Cup football tournament was formally launched by the Local Organising Committee and Sony Pictures Networks India in Mumbai, Maharashtra.
  • The song, “Kar Ke Dikhla De Goal”, is written by lyricist Amitabh Bhattacharya and is composed by Pritam.
World Chess Cup: Viswanathan Anand wins, Harikrishna suffered defeat
  • Five-time world champion Viswanathan Anand started off with a clinical victory over Li Tian Yeoh of Malaysia in the first round of the first game of World Chess Cup in Tbilisi.
  • The second highest rated Indian, P Harikrishna, however suffered a defeat at the hands of Yuri Vidal Gonzales of Cuba. Harikrishan now needs to win the return match and then win the tie-breaker as well to remain in this 128-player knockout event.
Amritpal Singh: first Indian signed by Australian Basketball team
  • Former Indian basketball team captain Amritpal Singh will be seen shooting and guarding the Sydney King’s rim in Australia’s National Basketball League.
  • He is the first Indian-born player to take to the court in Australia’s National League.
  • Amrit, has been signed by the Australian club as a back-up centre, and Sydney Kings managing director.
Konsam Ormila Devi won Gold at Commonwealth Youth Weightlifting Championship
  • India’s Konsam Ormila Devi won a gold medal in 44kg weight category on the opening day of the Commonwealth Youth (boys & girls) weightlifting championships held at Gold Coast, Australia.
  • She lifted 57kg in snatch and 76kg in clean and jerk for an overall effort of 133kg.