Today Current Affairs 15th September 2017

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Former United Nations (UN) Secretary-General Ban Ki-moon elected as Chair of Ethics Commission of the International Olympic Committee (IOC) for a four-year term. He succeeds Youssoupha Ndiaye of Senegal whose term has come to an end. His appointment was proposed by the IOC Executive Board and was approved during the IOC Session in Lima with a 74-4 majority.

The Odisha government passed a bill to launch the first-ever Odia language university for post-graduation in literature and linguistics among other subjects. The university which will be established in Bhubaneswar will also devise ways to make Odia script more adaptable to technology. It mainly aims at making Odia script more adaptable to computer technology. It would also administer PG courses in literary criticism, the evolution of East Indian language scripts, historical scripts, archaeology, musicology and translation into and from Odia. 

The International Day of Democracy is observed on September 15th across the world. The theme of the year 2017 is Democracy and Conflict prevention. This year's theme of democracy and conflict prevention focuses on the critical need to strengthen democratic institutions to promote peace and stability.

Google announced to unveil a digital payment service in India that has been developed for the local market. In July. National Payments Corporation of India (NPCI) stated that Google had completed the testing of its UPI payment service and was awaiting Reserve Bank of India’s approval to launch its service in the country.  Google is looking at launching a payment service ‘Google Tez’, which will include support for Unified Payments Interface (UPI) as well as mobile wallets like Paytm and MobiKwik.

Maharashtra Chief Minister Devendra Fadnavis today launched the 'Maharashtra Mission 1 Million' initiative under which over 10 lakh students across the state will play football. It is the first time in the country and Maharashtra to support was decided by Tawde. The entire Maharashtra becomes Pro football the Mission will not only create football players and lovers of the game but will also help in overall development of the state. Under the initiative, the state government aims to ensure that children come out in open spaces and play.

Hongkong and Shanghai Banking Corporation (HSBC) entered into an agreement with microfinance industry association Sa-Dhan to develop a digital ecosystem for India's unbanked segment. The bank will provide technical expertise to train and educate micro finance consumers at the grassroots level and introduce digital banking to promote easier and time-efficient financial transaction among the so-called bottom-of-the-pyramid customer. HSBC was established in 1865 to finance trade between Europe and Asia.

Corporate Affairs Ministry and Central Board of Direct Taxes (CBDT) signed a Memorandum of understanding (MoU) for automatic and regular exchange of information to curb the menace of shell companies, money laundering and black money in the country. The MoU enables sharing of specific information such as PAN number data in respect of corporates, Income Tax returns of corporates, financial statements filed with the Registrar by corporates, audit reports, and statements of financial transactions received from banks relating to corporates.

The Indian nation celebrates Engineer's Day to mark the 156th birth anniversary of Sir Mokshagundam Visvesvarayya, one of the greatest engineers India produced and a person behind many iconic constructions in India. He will mark the 49th anniversary of the Engineers Day in India. He began his career as an Assistant Engineer with Public Works Department (PWD) at Mumbai (then Bombay) in 1884 and was later requested to join the Indian Irrigation Commission. As a Public Works Department engineer, he accomplished several projects related to maintenance of public buildings, road construction and laying out city developments plans in several important towns.

Pune-based auto firm Force Motors Limited entered into a non-binding joint venture agreement with Rolls-Royce Power Systems AG to produce engines for power generation and rail application and complete power generation systems, including spare parts, for Indian and global markets. The joint venture with Rolls-Royce is the company’s first step towards diversifying into the non-auto segment. In the joint venture, Force Motors will hold a 51% stake and Rolls-Royce the rest.

President Ram Nath Kovind will launch a nation wide campaign Swacchata Hi Sewa from Kanpur in Uttar Pradesh. He will administer nation-wide Swachhta Hi Seva pledge initiating parallel action in all the two lakh 50 thousand plus Gram Panchayats and cities in India. The objective of the campaign is to mobilize people and reinforce the public movement for sanitation to contribute to Mahatma Gandhi’s dream of a Clean India.  Delhi Lt. Governor Anil Baijal will launch program campaign at Connaught Place. Vice President M Venkaiah Naidu is scheduled to visit a village in Karnataka for Cleanliness Program.

Karnataka is the first state to roll out an Electric Vehicle and Energy Storage Policy that looks not only at boosting sales of Electrical Vehicles but also setting up charging infrastructure and special manufacturing zones. Karnataka is looking to attract investments to the tune of Rs 31,000 crore from companies looking at R&D and manufacturing of electric vehicles in the state.