Current Affairs 14th September 2016 - Banking, SSC, UPSC Affairs

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The third edition of BRICS Urbanisation Forum Meet has started in Visakhapatnam, Andhra Pradesh. The three days conference was be inaugurated by Andhra Pradesh Chief Minister N. Chandrababu Naidu in the presence of Union Minister of Urban Development, M. Venkaiah Naidu. In this edition of conference the delegates from the BRICS nations, Brazil, Russia, India, China and South Africa are participating. During the three-day deliberations, they will discuss investments, urbanisation, formation of new cities and others.  The conference will also discuss how to increase the productivity, how to make a separate urban finance system and creation of employment opportunities. Based on the discussions and deliberations ‘Vizag Declaration’ will be prepared, which will play a vital role in ministers’ conference of BRICS to be held on October 15 and 16, 2016 in Goa.

National Hindi Divas (Hindi Day) was observed across India on 14 September 2016. The day was observed to promote the Matra Bhasha – the mother tongue of India and show its importance as a language in the country and the world at large. As a part of Hindi Diwas Samaroh, a special function named ‘Hindi Hain Hum’ was also organised at the PHD Chamber of Commerce in Delhi. On the occasion of Hindi Divas, the President of India, Pranab Mukherjee presented Rajbhasa awards in various categories at a function held at Rashtrapati Bhavan. These awards were instituted by the Rajbhasha Vibhag, Ministry of Home Affairs to recognize the excellent contribution of Ministries, Departments and Nationalized Banks and others in the field of Hindi. National Hindi Divas : National Hindi Divas is observed annually in India. Hindi Day is observed because on 14 September 1949, the Constituent Assembly of India adopted Hindi written in Devanagari script as the Official Language of the Union.

Sikkim’s Sushmita Rai in the second week of September 2016 won a bronze medal at the recently concluded World Martial Arts Masterships 2016, which was held at Cheongju, Chungcheongbuk-do of South Korea. The competition is considered an Olympics for martial arts with 2073 participants from 87 countries. The World Martial Arts Masterships was the first comprehensive martial arts competition where national teams from across the globe took part. Sushmita Rai :  Sushmita Rai is an Indian kick boxer.She hails from the village of Bhasmey of Majhitar, Sikkim.At present, she is pursuing Bachelors in Arts from the Sikkim Government College. She is trained by Coach B.B.Subba.

Indian Railways Men Hockey Team won the MCC Murugappa Gold Cup Hockey Tournament 2016 in Chennai on 11 September 2016. It is for the first time that Indian Railways clinched the title. In the finals, Indian Railways Hockey Team defeated Indian Oil Corporation (IOC) Team by 2 - 1. As the winning team, Indian Railways takes home the prize money of 5 lakhs rupees, and the runner-up team Indian Oil Corporation receives 2.50 lakhs rupees. MCC and the Tournament : The Madras Cricket Club is one of the premier sports institutions in the country. It organizes major national level tournaments in the disciplines of Tennis, Squash, Cricket, Badminton, Billiards and Hockey. From the early days, this tournament has been the premier hockey event in South India and one of the major competitions in the country attracting the top teams and talent. This tournament has been keenly observed by coaches and administrators for picking talent to represent the country.

China and Vietnam agreed to properly manage their differences over territorial disputes in the South China Sea and safeguard stability on 13 September 2016. This followed as an international tribunal rejected the Chinese claims over the region on a petition brought before it by the Philippines. The agreement was reached after talks between Vietnamese Prime Minister Nguyen Xuan Phuc and his Chinese premier Li Keqiang in Beijing. Phuc's visit to China is the first by a top Vietnamese leader after the tribunal verdict on 12 July 2016. The Chinese Prime Minister is known as Premier. Earlier, China rejected The Hague-based tribunal’s verdict. The tribunal in its ruling had concluded that China does not have legal basis to claim historic rights to the bulk of the Sea. It also said that China does not have the right to resources within its nine-dash line which extends hundreds of miles to the south and east of its island province of Hainan and covers some 90 percent of the disputed waters. The ruling was based on the facts that China had no evidence to prove that it had historically exercised exclusive control over the waters or their resources. China is now persuading other claimants - Vietnam, Malaysia and Brunei - to settle the disputes bilaterally, without approaching for international arbitration. As per reports, China and Vietnam have agreed to properly manage maritime differences and further enhance bilateral substantial cooperation. Besides, the two leaders also saw the signing of agreements on economy and trade, production capacity, infrastructure and education.  

Indian American Ramesh Raskar won the 2016 Lemelson-MIT Prize  on 13 September 2016. Raskar is the co-inventor of radical imaging solutions including femtophotography, an ultra-fast imaging system that can see around corners, low-cost eye-care solutions for the developing world and a camera that allows users to read pages of a book without opening the cover. Ramesh Raskar : Ramesh Raskar is a Massachusetts Institute of Technology (MIT) Associate Professor.He is also the head of the MIT Media Lab's Camera Culture research group.He was born in Nashik. He finished his engineering education from College of Engineering, Pune. He finished his PhD at UNC Chapel Hill.He holds over fifty patents. Lemelson-MIT PrizeThe Lemelson Foundation awards several prizes yearly to inventors in the United States. The largest is the Lemelson–MIT Prize which was endowed in 1994 by Jerome H. Lemelson. It is administered through the Massachusetts Institute of Technology. The winner receives 500000 US dollars, making it the largest cash prize for invention in the U.S.

Javelin thrower Devendra Jhajharia became the first Indian to clinch two gold medals at the Paralympics after he broke his own world record to clinch the top honours at the Rio Games. Devendra won gold in the javelin event at the 2004 Athens Paralympics with a record throw of 62.15 metres, becoming only the second gold medallist at the Paralympics for his country, and improved upon it with an attempt of 63.97 metres at the Olympic Stadium (Engenhao) 0n 14 September 2016. The 36-year-old is currently ranked third in the world. The Rajasthan born athlete, with an amputated left hand, was awarded the Arjuna award in 2004 and the Padma Shri in 2012, becoming the first Paralympian to receive the honour. He last participated in the Paralympics 12 years ago. The F46 event did not feature in the 2008 and the 2012 editions. Devendra took India's tally at this edition of the Paralympics to four medals  two golds, one silver and a bronze.

HP Inc said it would buy Samsung Electronics Co Ltd's printer business in a deal valued at $1.05 billion.  The acquisition is expected to add to HP's earnings in its full year after closing, the company said on Monday, adding that Samsung will invest $100 million to $300 million in HP through open market purchases once the deal is through.  HP : The Hewlett-Packard Company was an American multinational information technology company headquartered in Palo Alto, California. It developed and provided a wide variety of hardware components as well as software and related services to consumers, small- and medium-sized businesses (SMBs) and large enterprises, including customers in the government, health and education sectors.

Anoop Kumar Sharma has taken charge as the chairman & managing director of Shipping Corporation of India for a period of three years. Anoop Kumar Sharma has taken charge of the post of CMD, Shipping Corporation of India (SCI) with effect from September 12, 2016 for a period of three years. As the country’s premier shipping line, the SCI owns and operates around one-third of the Indian tonnage, and has operating interests in practically all areas of the shipping business, servicing both national and international trades. The SCI also has substantial interests in various segments of the shipping trade. Its owned fleet includes bulk carriers, crude oil tankers, product tankers, container vessels, passenger-cum-cargo vessels, phosphoric acid/ chemical carriers, LPG/ammonia carriers and offshore supply vessels.

Digital payment platform FreeCharge in partnership with Axis Bank on Monday launched Unified Payments Interface (UPI) that allows instant transactions from a smartphone using a virtual payment address (VPA). Customers will be able to create a virtual address on the Freecharge Android app and link it to their bank account to register on the UPI platform. The partnership allows Freecharge users to pay for transactions from their bank accounts and they don't have to be existing customers of Axis Bank.Customers can create multiple handles/VPA linked to their bank accounts. When the customer makes the payment using their handle or Axis Bank's VPA, they will be transferring money from their bank account to the merchant or beneficiary account without exposing details such as account number, IFSC code, etc. UPI eliminates the need for merchants to be PCI-DSS certified to store customers' payment credentials as the VPA can be stored against the customers' login. UPI is only available on the new version of Freecharge's Android app.

An agriculture museum inaugurated at Indira Gandhi Krishi Vishwavidyalaya (IGKV) and it is touted as the first of its kind in any agriculture university in the country.  Set up at a cost of Rs 4.92 crore, the museum aims to provide information about special agricultural techniques, agriculture-related problems and their solution, villagers' lifestyles. It also displays the agriculture and tribal culture of Chhattisgarh. Modern techniques of farming are displayed in an interactive manner. At least 12 touch screens have been installed in the museum which provides information on subjects like climatic conditions, soil quality, rainfall variations. A mobile application 'Crop Doctor', designed by the university for the farmers, will also be launched. The new Agriculture Science Centre for Raipur district will also be inaugurated on the occasion. Besides, the university will be holding its 8th convocation tomorrow where 1,197 students will be awarded degrees.

Arunachal Pradesh Governor Jyoti Prasad  Rajkhowa was removed from the post of Arunachal Pradesh Governor.  President Pranab Mukherjee has directed that Shri J.P. Rajkhowa to put his papers from the post of  Governor of Arunachal Pradesh. The V. Shanmuganathan, Governor of Meghalaya has been given the charge of Arunachal Pradesh by President Pranab Mukherjee. 

Kerala Chief Minister Pinarayi Vijayan has inaugurated the Onam celebrations in Thiruvannanthapuram. The inaugural ceremony also witnessed the state government honouring noted playback singer P Jayachandran, who has completed 50 years in the field of music.  Onam is the harves festival of Kerala, India. It is also the State festival of Kerala with State holidays on 4 days starting from Onam Eve (Uthradom) to the 3rd Onam Day. The festival falls during the Malayalam month of Chingam (Aug - Sep) and marks the commemoration of home-coming of the mythical King Mahabali.  

The government has launched toll free number 1924 to register postal complaints, over a month after introducing Twitter Sewa for redressal of telecom and postal grievances.  Prime Minister has asked all departments to set up and strengthen public grievances redressal system. Moving on these lines, we started Twitter Sewa on August 2 and now we have issued a toll free number 1924 to address postal complaints . The service will be operational initially for 12 hours on working days between 0800 hrs to 2000 hrs.  Sinha said the complaints will be addressed in 24 hours unless they are related to policy matters.  The service has been started initially in three languages -- Hindi, English, Malayalam and gradually we will start services in all scheduled languages . The DoP will set up a nodal officer in all postal circles who will handle public complaints.  In three months we will start providing services in all languages on India Posts helpline number. Meanwhile, we will direct calls received in any other language to the concerned circle. If required, we will also expand operating hours from 12 to 24 . The complaints received on the toll free number would be registered in Computerised Customer Care (CCC) Centre portal by the operators at the Dak Bhawan and the 11 digits ticket number would be provided to the complainants.  If the complaint is already registered, the complainant would be informed about the status as viewed in CCC portal.   

The world's wilderness has reduced by a tenth in the past two decades, according to a study conducted by the scientists from the University of Queensland in Australia. Their findings are reported in the journal Current Biology in the second week of September 2016. The findings highlight an immediate need for international policies to recognize the value of wilderness areas and to address the unprecedented threats they face. Highlights of the research : The scientists mapped wilderness areas around the world and compared the results with a previous similar map produced in the 1990s. An estimated 1.3 million square miles (3.3 million square km), almost 10 percent, of wilderness has disappeared since the 1990s.The Amazon basin and central Africa have been hit the hardest. The comparison showed that a total of 30.1 million km2 (around 20 percent of the world's land area) now remains as wilderness. The majority of the areas are located in North America, North Asia, North Africa, and the Australian continent. However, comparisons between the two maps show that an estimated 3.3 million km2 (almost 10 percent) of wilderness area has been lost in the intervening years. Those losses have occurred primarily in South America, which has experienced a 30 percent decline in wilderness, and Africa, which has experienced a 14 percent loss.

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