Current Affairs 8th September 2017 - Banking, SSC, UPSC Affairs

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American e-commerce company Amazon opened its largest fulfillment center (FC) in the country at the GMR-led Rajiv Gandhi International Airport in Hyderabad. The new facility has a carpet area of around 4 lakh square feet, along with a storage space of close to 2.1 million cubic feet. Amazon's fifth fulfillment center in Telangana, thereby increasing the firm's overall storage capacity to 3.3 million square feet in the state.

Bharti Airtel launched Airtel GST Advantage a solution designed to enable small businesses and start-ups to file their Goods and Service Tax (GST) returns “accurately, securely and seamlessly.”  They are in partnership with ClearTax, Airtel GST Advantage is being offered free to all existing Airtel Business customers. Airtel GST Advantage offers a three-pronged solution to customers that they can get free and secure access to the GST Network via Clear Tax, and all Airtel customers will have access to its newly-launched GST Advantage Helpdesk between 8 am and 8 pm on all weekdays.​​​​​​​

The Union Government planned to Rs 3,700-crore plan in an attempt to cover nearly 5.5 lakh villages with Wi-Fi facility by March 2019. The government expects to start broadband services with about 1,000 megabits per second (1 Gbps) across 1 lakh gram panchayats by the end of this year. Earlier, the plan was to provide 100 megabits per second connectivity to village panchayats, but under the new BharatNet, the broadband speed has been enhanced 10 times to 1 gigabit per second at every panchayat level.

Nagaland starts implementing Direct Benefit Transfer (DBT) under Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) beginning from the current financial year. Presently, 46,894 active MGNREGA workers have opened their bank accounts linked with Aadhar and are ready for DBT. A total of 1.79 lakh MGNREGA workers have been verified with Aadhar and being processed for an opening bank account. Currently, there is 4.25 lakh active job cards with 5.82 lakh active MGNREGA workers in the state.

The Indian Council for Agricultural Research (ICAR) will be undertaking major research works on agriculture this year with the World Bank fund of 1100 crore rupees. India ranks first in milk production in the world, the milk yield per animal is very low as compared to international standards. The research in making available enough fodder for cattle as it remains an area of concern now and also to address the climate change challenges.

The new Food Safety and Standards Authority of India (FSSAI) CEO Pawan Kumar Agarwal inaugurated the Nestle Food Safety Institute in Manesar, Gurugram. The partnerships with private parties on food safety and standards are an imperative for FSSAI. It is an effort to implement a first world regulatory ecosystem in India. The company is working with Nestle India for setting up the institute at Manesar.

The New York Department of Financial Services (DFS) announced a fine of USD 225 million on Pakistan's Habib Bank Limited (HBL) and its New York branch for failure to comply with New York laws and regulations designed illicit financial transactions. Earlier, the bank facing a possible $630 million fine over compliance failures by its New York branch. The bank also announced that it would close its branch in New York after the United States financial regulator imposed a penalty of nearly USD 630 million.

The Union government allowed import of 3 lakh metric tonnes of raw sugar through southern port the of country at concessional duty of 25 per cent to augment domestic supplies ahead of the festive season. The imports will be allowed through the ports Tuticorin, Karaikal, Chennai, Mangalore, Kakinada, Gangavaram and Vishakapatnam in the South. The scheme shall be operated by the Directorate General of Foreign Trade as per their rules and regulations.

India’s Sonam 43 kilogram weight category wins Gold in Cadet World Wrestling Championship. Wrestler Neelam also bagged Bronze Medal in the 43-kilogram weight category. Meanwhile, Four other wrestlers Simran, Manisha, Minakshi, Karuna will also fight for Bronze Medal in different weight categories.

Black money worth 4,900 crore rupees disclosed by 21 thousand people under the Pradhan Mantri Garib Kalyan Yojna (PMGKY), the stash money declaration window announced by the government post demonetization. The scheme announced after Prime Minister Narendra Modi declared the demonetization of two high-value currency notes of 1,000 and 500 rupees on November 8 last year. The scheme was preceded by the Income Declaration Scheme between June 1, 2016-September 30, 2016, where 71,726 declarations disclosing undisclosed income of 67,382 crore rupees were made by black money holders.

Indian Navy and Sri Lankan Navy begin the 2017 Sri Lanka-India Exercise (SLINEX) at Visakhapatnam, Andhra Pradesh. The biennial Joint Indo-Lanka Maritime Fleet Exercise will conclude on 14th September. It paves the way for operational effectiveness through a common understanding of neighboring Navies. It mainly emphasis on maintaining effective maritime security in the region by integrating forces through cooperation, coordination, and collaboration leading to a mutual understanding of limitations and capabilities, to enhance service interoperability and system compatibility in countering challenges.

India’s first Hyperloop project will come up in Andhra Pradesh connecting its city centres, Vijayawada and Amaravati. Andhra Pradesh Economic Development Board (APEDB) inked a memorandum of understanding (MoU) with Hyperloop Transportation Technologies (HTT) for developing the project. Hyperloop Technology is brainchild idea of technology entrepreneur Elon Musk who dubs it as the fifth mode of transportation. It is a system of magnetically levitating capsules (pods) that are sent at high speeds through low-pressure tubes.

Viveck Goenka, Chairman and managing director of Express Group elected as Chairman of Press Trust of India (PTI). He succeeds Riyad Mathew of Malayala Manorama group. PTI is largest news agency in India. It is non-profit cooperative among more than 500 Indian newspapers and has more than 1,000 full-time employees.

The International Literacy Day (ILD) is being observed every year on 8 September to emphasize the importance of literacy to individuals, society. The theme of UNESCO for the year 2017 is `Literacy in a digital world’. This year it is 51st International Literacy Day. The main aim is to mobilize public opinion in favour of struggle against illiteracy.  The day was established in 1966 by United Nations Educational, Scientific and Cultural Organization (UNESCO).

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    Topics covered in the 8th September 2017 Current Affairs are
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  • About important Persons, Places,
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  • Sports News,
  • Revolutionary Updates on Arts & Culture,
  • Obituary,
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  • Important Committee,
  • Schemes,
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  • 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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