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Top Current Affairs of the day: 02 September 2016

Last Updated: September 2, 2016

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  • India ranks th in World Bank s Logistics Performance Index

    1175 days ago
    India has been placed at the 35th rank in the World Bank’s 2016 Logistics Performance Index (LPI) among 160 countries. The index was recently released by World Bank in its report titled ‘Connecting to Complete 2016’.  India has leapfrogged by 19 spots to 35th rank compared with 54th rank in 2014 LPI. Logistics Performance Index (LPI) : LPI is released by World Bank as part of its report every two years based on a world-wide survey of stakeholders. It is based on the... Read More

    Guinness World Records declare Majuli as the largest river island

    1175 days ago
    The Guinness World Records has declared Assam's Majuli as the largest river island in the world on 1 September 2016. The island is located in the Brahmaputra River. As per the Guinness World Records, the island lost around one-third of its area in the last 30-40 years due to frequent flooding of the river. Majuli : Majuli had a total area of 1250 square kilometres at the beginning of the 20th century. However, it had lost significantly to erosion. It had an area of only 352 square... Read More
    Category: Awards and Honours

    LG Electronics Inc ties up with Amazon com on smart home services

    1175 days ago
    South Korea's LG Electronics Inc has  tied-up with Amazon.com Inc on smart-home services on 2 September 2016. This tie-up will help enabling the services of Amazon such as the Alexa virtual assistant on some of the electronics maker's devices. Highlights of the Partnership :  Alexa will work with its SmartThinkQ Hub, an LG device used to connect with home appliances over the internet. It will allow users to control the South Korean firm's home appliances via... Read More
    Category: Business & Economy

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    TVSN Prasad Committee submitted its report on use of Pellet Guns

    1175 days ago
    TVSN Prasad committee constituted to look into the alternatives to pellet guns submitted its report to Home Secretary Rajiv Mehrishi on 30 August 2016. As per reports, the committee was not in favour of completely removal of the pellet guns in the Kashmir Valley but suggests that it should be replaced with polymer, rubber and paper bullets. It suggests that the pallet guns should be used in rarest of rare cases.It suggests for use of other non-lethal weapons, like chilli grenade shells, for... Read More
    Category: Indian Affairs

    SpaceX Falcon rocket destroyed in explosion

    1175 days ago
    A SpaceX Falcon 9 rocket exploded on its Cape Canaveral launch pad during a test on 1 September 2016. The explosion destroyed a commercial satellite that Facebook had planned to use to extend Internet access in Africa. It was the second time in just over a year that SpaceX has lost a Falcon 9 rocket, which is slated to launch NASA astronauts for the first time in 2017. SpaceX : Space Exploration Technologies Corporation (SpaceX) is an American aerospace manufacturer and space transport... Read More

    India Egypt sign agreement in area of Maritime Transport

    1175 days ago
    India and Egypt has signed an agreement on Maritime Transport on 2 September 2016. The agreemnt would help the two nations to step-up co-operation on the seas not only in terms of maritime commerce but also in transit of naval vessels.
    The agreement was signed after delegation level talks between Prime Minister Narendra Modi and visiting President of Egypt Abdel Fattah El-Sisi in New Delhi. President Sisi is on a three-day visit (1-3 September 2016) to India at an invitation of President... Read More
    Category: International

    Reliance Industries launches Reliance Jio offering Free Voice Calls cheap Data Plans

    1175 days ago
    Reliance Industries Limited has launched the Reliance Jio Service offering free voice calls and zero roaming charges for its customers as a part of Jio Welcome Offer on 1 September 2016 .
    The Jio Welcome Offer will be effective from 5 September 2016 up to 31 December 2016. As part of the Jio Welcome Offer, users will have access to unlimited LTE data and national voice, video and messaging services along with the full bouquet of Jio applications and content free of cost. Reliance tied up... Read More
    Category: Business & Economy

    Defence Ministry sanctioned construction of National War Memorial War Museum in New Delhi

    1175 days ago
    The Union Defence Ministry has sanctioned the construction of a National War Memorial and National War Museum in New Delhi.
    The National War Memorial will honour the memory of all soldiers of the Indian Armed Forces who have made the ultimate sacrifice for the nation. The National War Museum will combine architectural aesthetics and public sentiment.
    It will serve as a place for people to show their respect for soldiers, for their extraordinary efforts. The selected site of the... Read More
    Category: Indian Affairs

    Goa Assembly ratifies GST Bill

    1175 days ago
    The Goa Legislative Assembly has unanimously passed a resolution ratifying the amendments to the Constitution to pave way for the presidential assent to the Goods and Services (GST) Bill, 2016.  Goa is the 15th State Assembly to ratify the Bill. With this, 50% of States have passed the Bill paving way for the presidential assent. GST is a tax levied when a consumer buys a good or service. It is meant to be a single, comprehensive tax that will subsume all the other smaller indirect taxes... Read More
    Category: Bills & Acts

    Anuradha Rao appointed as MD CEO of SBI Mutual Fund

    1175 days ago
    Sbi Mutual Fund has appointed Anuradha Rao as its Managing Director and chief executive.
    Rao was Deputy Managing Director at Sbi handling New Business Portfolio. She has also worked as the Chief General Manager of personal Banking at the bank. She took charge from Dinesh Kumar Khara, who has been appointed Managing Director of State Bank Of India (Associate & Subsidiaries).
    Rao has been appointed as the new MD and CEO of Sbi Funds Management Pvt Ltd effective August 25,... Read More

    Odisha CM to share his thoughts through Radio every month

    1175 days ago
    Odisha CM, Naveen Patnaik, would share his thoughts on different issues through the radio for 10 minutes every month.
    This was decided at a meeting chaired by Mr Patnaik. The State government has decided to launch ‘Biju Goan Radio’ through which the Chief Minister would address the people soon. The programme would provide information on agriculture, cooperation, health, education, irrigation and culture.
    It would be broadcast from 6 pm to 7 pm for one hour every day. The... Read More
    Category: Indian Affairs

    Sudarsan Pattnaik wins prize in Moscow sand art show

    1175 days ago
    Renowned sand artist Sudarsan Pattnaik has won the people's choice prize for his sand sculpture titled "Mahatma Gandhi- World Peace" at the ninth Moscow Sand Sculpture Championship 2016. Sudarsan has already won a gold medal for the 15-foot-high sculpture which he created at the championship held in April 2016. The sand art depicted the message of non-violence and peace. In the People's Choice category, the sand sculpture got 60,000 votes of a total of 80,000 votes. At least... Read More
    Category: Awards and Honours

    Water table rises in Ganga basin but so does salinity Study

    1175 days ago
    A group of researchers have concluded that the gravest threat to groundwater in India is not over-exploitation but arsenic and salt contamination. The study titled Groundwater quality and depletion in the Indo-Gangetic Basin mapped from in situ observations was published on 29 August 2016 in the journal Nature Geoscience. The study was concluded after analysing groundwater levels from 3429 wells and spatial data in India, Pakistan, Nepal and Bangladesh. The study also highlights the fact... Read More
    Category: Indian Affairs

    Indian origin Ajei Gopal named CEO of ANSYS

    1175 days ago
    A software industry veteran Ajei Gopal was named the Chief Executive Officer (CEO) of a leading US company ANSYS on 30 August 2016. Gopal will take over the charge of the Pennsylvania-based company with effect from 1 January 1 2017. James Cashman, who has served as ANSYS’ CEO since 2000, will become Chairman of the Board of Directors, effective from January 2017. Ajei Gopal :  Gopal began his career as a member of the technical staff at Bell Communications Research.He has served... Read More
    Category: Persons

    Gujarat AAI Union Government sign tripartite MoU to build small airports

    1175 days ago
    The Gujarat government has signed a tripartite Memorandum of Understanding (MoU) with the Ministry of Civil Aviation and the Airport Authority of India (AAI)  on 1 September 2016 to develop 11 small airports and airstrips under the Centre’s Regional Connectivity Scheme (RCS).The MoU was signed to boost regional air connectivity in the State. Highlights of the MoU : MoU was signed to develop the 11 air-strips / airports which are in working or not in working position, so that the... Read More

    Union Government notifies National Apprenticeship Promotion Scheme

    1175 days ago
    The Union Government has notified National Apprenticeship Promotion Scheme on 1 September 2016. It is for the first time a scheme has been notified to offer financial incentives to employers. The Scheme has an outlay of 10000 crore rupees with a target of 50 Lakh apprentices to be trained by 2019-20. The National Policy of Skill Development and Entrepreneurship, 2015 launched by Prime Minister Narendra Modi focuses on apprenticeship as one of the key components for creating skilled manpower... Read More
    Category: Indian Affairs

    Railway launches insurance scheme for passengers travelling on e ticket

    1175 days ago
    Railway Minister Suresh Prabhu has launched an insurance scheme for passengers travelling on e- ticket on 1 September 2016 . The insurance cover will be up to 10 lakh rupees. The insurance coverage will be available in case of train accidents and other untoward incidents, including terrorist attack, dacoity, rioting, shooting or arson. Features of the Scheme : A person booking a train ticket through the IRCTC website will be eligible for the travel insurance and it is optional.To avail the... Read More
    Category: Indian Affairs

    Indian Army launches Army Design Bureau to reduce dependence on imports

    1175 days ago
    The Indian Army has set up Army Design Bureau (ADB) in an attempt to indigenise procurements and reduce import dependence.  It has been established as part of the government’s ‘Make in India’ initiative and will integrate various stake holders in its long-term requirements. Army Design Bureau (ADB)  : ADB will provide a better understanding of the Army’s requirements to the academia, research organisations and the industry for developing high tech defence... Read More
    Category: Defence

    Union Cabinet approves simplification and liberalisation of FDI Policy

    1175 days ago
    The Union Cabinet has given its approval for simplification and liberalisation of the Foreign Direct Investment (FDI) Policy, 2016 in various sectors announced in June, 2016. The radical amendments to FDI policy are meant to liberalise and simplify the FDI policy so as to provide ease of doing business in the country. Its main aim is to allow larger FDI inflows in the country that will contribute to growth of investment, incomes and employment. Changes in FDI Policy regime Defence Sector : FDI... Read More
    Category: Business & Economy

    CCI fines cement companies and CMA for cartelisation

    1175 days ago
    The Competition Commission of India (CCI) has imposed penalties on 10 cement companies and their umbrella association - Cement Manufacturers Association (CMA) for cartelisation.  The CCI has levied penalties on 10 cement companies viz. ACC, ACL,  Binani, Century, India Cements, JK Cements, Lafarge, Ramco, UltraTech and  Jaiprakash Associates. The Builders Association of India (BAI) had filed complaint against the cement companies and the CMA alleging in fixing collectively... Read More
    Category: Indian Affairs



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