Current Affairs 5th September 2017 - Banking, SSC, UPSC Affairs

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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.

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.

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.

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.

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.

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.

The Union Environment Ministry launched an environmental awareness initiative on the occasion of Teachers’ Day. Under the initiative, an online environmental quiz competition named Prakriti Khoj will be conducted at the national level. The main objective of the quiz is to generate interest among school children about the science related to the environment. The initiative is to motivate children towards environment conservation-oriented lifestyles.

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.

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.

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.

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.

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). 

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.

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    Topics covered in the 5th September 2017 Current Affairs are
  • International News,
  • National News (ie. Indian Affairs),
  • important events associated with Science & Technology, Environment,
  • Bills & Acts Passed by Government,
  • Defence News,
  • About important Persons, Places,
  • Banking & Economical News,
  • Awards & Honours,
  • Sports News,
  • Revolutionary Updates on Arts & Culture,
  • Obituary,
  • Summits & Conference,
  • Important Committee,
  • Schemes,
  • Appointments,
  • Important Days & its Theme for Current as well as upcoming Year,
  • Books & Its Authors,
  • Agreements & MoUs,
  • Budget, Taxes,
  • Various Important Lists & Indexes,
  • Visits by World Presidents, Prime Ministers,
  • Political affairs and all Current News.

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