Current Affairs Daily Updates: 07 September 2017

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Mentor for Bank Exams
Current Affairs Daily Updates: 07 September 2017
Dear Aspirants,
Welcome to Mentor for Bank Exams, Daily Current affairs section. Here I am presenting Current Affairs 07 September 2017 happenings of every day are covered here date wise. All types of current affairs like National, International, Economic, Science; Technology are covered in detail in this date wise current affairs section.
APPOINTMENTS
N Baijendra Kumar To Take Charge As National Mineral Development Corporation CMD
  • N Baijendra Kumar, the IAS officer of the Chhattisgarh cadre, will take charge as CMD of the state-run National Mineral Development Corporation (NMDC).
  • Kumar was additional chief secretary to the Chhattisgarh chief minister and held the charge of power, commerce & industries.
Parineeti Chopra, First Indian Woman Ambassador For Tourism Australia
  • Bollywood actress Parineeti Chopra has been appointed as the first Indian woman ambassador in 'Friends of Australia' (FOA) advocacy panel by Tourism Australia.
  • The 'Friends of Australia' program has been devised as a way of fostering mutually beneficial, long-term friendship with those that Tourism Australia regards as unique storytellers. The panel also includes influential personalities like chef Sanjeev Kapoor and cricket commentator Harsha Bhogle.
AWARDS AND HONOURS
GIFT City Wins ASSOCHAM Services Excellence Awards
  • India’s first operational Smart City and IFSC, Gujarat International Finance-Tec City (GIFT City) won the prestigious Associated Chambers of Commerce and Industry of India (ASSOCHAM) Services Excellence Award.
  • It was honoured for its contribution to the growth of the International Financial Services and Technology Hub in India.
  • GIFT City, India’s first International Financial Services Centre (IFSC), is operational with approximately 10 leading banks, 2 international exchanges (India INX and NSE IFSC), around 100 capital market players and 8 insurance companies having established their operations.
BANKING AFFAIRS
SBI Life Insurance gets SEBI approval for Rs 8,400 crore IPO
  • SBI Life Insurance received approval from the Securities and Exchange Board of India for an IPO (Initial Public Offering) of up to Rs 8,400 crore ($1.3 billion).
  • It involves 120 million secondary shares or 12 per cent of the insurer's equity capital. State Bank of India which currently owns 70.1 per cent of the insurer, will sell 80 million shares and BNP Paribas Cardif, holder of a 26 per cent stake, will sell 40 million.
BUSINESS AND ECONOMIC AFFAIRS
Exide Life and PMC Bank to tie up for savings products
  • Exide Life Insurance announced a partnership with Punjab & Maharashtra Co-operative Bank (PMC Bank) to offer its protection and savings products to the latter’s customers.
  • It is a multi-State scheduled urban cooperative bank with 127 branches spread across Maharashtra, Delhi, Karnataka, Goa, Gujarat, Andhra Pradesh and Madhya Pradesh. Exide Life Insurance works with around 50 banks.
  • Exide Life Insurance Company Limited commenced its operations in 2001-02.
BSNL and Coriant Tie up to Chart 5G
  • State-owned Bharat Sanchar Nigam Limited (BSNL) entered into an agreement with US-based networking solutions provider Coriant to chart the path to 5G and Internet of Things (IoT) in India.
  • The MoU was signed between BSNL and Coriant for laying the foundation for innovation in network architectures and services leveraging 5G, IoT, Software Defined Networking/Network Functions Virtualization (SDN/NFV) and mobile edge computing technologies.
  • “5G represents an enormous leap forward in capacity and throughput speeds, and we are pleased to team with our long-term technology partner Coriant to tap into these capabilities and explore real-world use cases for next-generation services and applications.
Ashok Leyland signed agreement with Rosoboronexport, ELCOM
  • Hinduja Group flagship company Ashok Leyland signed a MoU with Rosoboronexport, Russia to supply tracked vehicle solutions to the armed forces.
  • Rosoboronexport (ROE) is the only State organisation in Russia for export of the entire range of military products and technologies.
  • Another MoU is signed with the ELCOM Group which is also emerging as a significant player in strategic electronics, avionics and tactical communication globally.
Reliance General Insurance gets IRDA Nod for IPO
  • Reliance General Insurance received in-principle approval from the Insurance Regulatory and Development Authority of India (IRDAI) for its initial public offering (IPO).
  • Currently, ICICI Prudential Life is listed on the stock exchange, while Max Life insurance is indirectly listed through holding company Max Financial Venture.
  • It is a firm which is a 100 per cent subsidiary of Reliance Capital, is expected to list during the ongoing fiscal.
BOOKS AND AUTHORS
Shyam Saran's Book 'How India Sees the World' Launched
  • The book of Former Foreign Secretary Shyam Saran named “How India Sees the World: Kautilya to the 21st Century” launched by former Prime Minister Dr. Manmohan Singh.
  • The book records the crucial meeting of the CCS (Cabinet Committee on Security) on the eve of India-Pakistan Defence Secretary-level talks in May 2006.
DEATHS
Journalist Gauri Lankesh Is No More
  • Gauri Lankesh, a fearless and outspoken journalist was shot dead in Bengaluru while she was returning to her home. She was known for her secularist criticism of right-wing and Hindu nationalists, including members of the BJP
  • She worked for The Times of India and later ran an independent newspaper Gauri Lankesh Patrike.
INTERNATIONAL AFFAIRS
UJALA scheme launched in Melaka, Malaysia
  • Energy Efficiency Services Limited (EESL) under Ministry of Power, Government of India has launched UJALA (Unnat Jyoti by Affordable Lighting for All) Scheme in the State of Melaka, Malaysia.
  • The Scheme was launched by Chief Minister of Melaka Datuk Seri Utama Ir. Hj. Idris Bin Hj. Haron.
  • Under this scheme, each household in Melaka will get 10 high-quality 9-watt LED bulbs.
United States of America proposes new sanctions against North Korea
  • United States of America (USA) proposed a range of new sanctions against North Korea, including an oil ban and a freeze on leader Kim Jong-un's assets.
  • They drafted a UN resolution in response to Pyongyang's latest nuclear test which will be considered by members of the UN Security Council.
  • The draft calls for bans on supplying a range of oil products to North Korea and purchasing its textile exports.
US to deploy 3,500 more troops to Afghanistan
  • Additional 3,500 troops to be deployed by the US in Afghanistan. With this the total number of soldiers stationed in the war-torn country would be 14,500.
  • US Defence Secretary Jim Mattis has authorised the new deployment which is in line with President Donald Trump's Afghan policy. This was stated by the Defence Department official in Washington yesterday.
  • The additional troops deployment come after Mattis, along with the Secretary of State Rex Tillerson, briefed members of the Congress on the new Afghan strategy and also about North Korea.
  • The House Foreign Affairs Committee yesterday announced to hold a Congressional hearing on budget request for Afghanistan and Pakistan on 13th of this month.
India and Japan to step up Defence Cooperation
  • India and Japan agreed to collaborate closely in defence production, including on dual-use technologies.
  • Defence Minister Arun Jaitley and his Japanese counterpart Itsunori Onodera signed the agreement during India-Japan annual defence ministerial dialogue in Tokyo.
  • The two countries resolved to ramp up overall military engagement under the bilateral special strategic framework.
  • The countries agreed to commence technical discussions for research collaboration in the areas of Unmanned Ground Vehicles and Robotics.
  • India planned to buy the US-2 ShinMaywa aircraft from Japan for its navy.
NATIONAL AFFAIRS
Andhra Pradesh Signs MoU to Build India's First Hyperloop
  • The Andhra Pradesh government has signed an MoU with the US-based Hyperloop Transportation Technologies (HTT)to build India's first Hyperloop system. The planned project is aimed at connecting cities Amaravati and Vijayawada in Andhra Pradesh, supposedly covering the distance of over 35 km in just five minutes.
  • The AP Economic Development Board (AP-EDB) and HTT signed the MoU in Amaravati. Under the MoU, a six-month feasibility study would be conducted from October.
Naidu Launches Jalasiriki Harati In Andhra Pradesh
  • Chief Minister N. Chandrababu Naidu would lay the foundation stone for the second phase of Chintalapudi lift irrigation works at Muddulaparva village in Krishna district, as part of Jalasiriki Harati programme.
  • The state government has been giving priority to irrigation projects as they would provide water to agricultural lands. The first phase of Chintalapudi lift irrigation scheme was taken up at a cost of Rs 1,701 crore. And for the second phase works costing Rs 3,208.80 crore to supply Godavari water to both West Godavari and Krishna districts.
NITI Aayog Constitutes Expert Task Force on Employment & Exports
  • National Institution for Transforming India Aayog constituted an Expert Task Force to provide a major thrust to job creation by enhancing India’s exports.
  • The NITI Aayog team is led by Vice Chairman Dr. Rajiv Kumar.
  • The 15-member 'Task Force on Employment and Exports' consists of secretaries from various government departments, industry experts and economists.
  • The task force will give sector-specific recommendations in key employment sectors for policy interventions and suggest measures to enhance trade in services with high employment potential.
Indian Ambassador to Nepal Manjeev Singh Puri laid foundation stone for PPO
  • Indian Ambassador to Nepal Manjeev Singh Puri laid the foundation stone for the proposed Pension Paying Office (PPO) at Butwal on September 4.
  • In his address highlighting the benefits of upcoming PPO Ambassador Puri said that this bond with the Ex-Servicemen contributes immensely to warmth and strength of India-Nepal relationship. Around 6000 Ex-Servicemen, family pensioners, civil dignitaries of Govt of Nepal and officials of Defence Wing, Embassy of India were also present on the occasion.
  • Pension Paying Office at Butwal will benefit approximate 45000 Indian Army Gorkha pensioners and family pensioners in the region, in addition to the already existing PPOs at Pokhara, Dharan and Kathmandu. It will go a long way in serving the 126000 Ex-Servicemen and family pensioners in Nepal.
BN Srikrishna Committee to Identify Key Data Protection Issues
  • An expert committee has been constituted under the Chairmanship of former apex court judge Justice BN Srikrishna to identify key data protection issues in India and recommend methods to address them.
  • The committee will study various issues and make specific suggestions for consideration of the government on the principles to be considered for data protection.
  • On the basis of the Committee’s report, a law regulating data protection will be passed, if required.
Gujarat CM Vijay Rupani flags off two week long Ma Narmada Mahotsav Yatra
  • Gujarat’s Chief Minister Vijay Rupani flagged off the ‘Ma Narmada Mahotsav Yatra’ from Surendranagar which will cover 24 districts, 7 cities & over 7200 villages.
  • Notably, the two weeks long ‘Ma Narmada Mahotsav Yatra’ is being celebrated after the completion of Sardar Sarovar Dam on the Narmada river.
  • The dam finally completed fifty-six years after the foundation stone laid by the state government on June 17 got permission from the Narmada Control Authority to close all the 30 gates of the dam, raising its height to 138.68 meters.
  • Prime Minister Jawaharlal Nehru laid the foundation stone for the dam in the year 1961.
SCIENCE AND TECHNOLOGY / DEFENCE AFFAIRS
India and US to conduct joint military exercise ‘YUDH ABHYAS 2017’ from 14 to 27th of this month
  • A joint military training, Exercise Yudh Abhyas-2017 will be conducted at Joint Base Lewis McChord, Washington, the USA from 14 to 27 September 2017 between India and the USA.
  • It is one of the largest joint running military training and defence corporation endeavors between India and USA.
  • This is the 13th edition of the joint exercise hosted alternately between the two countries.
SPORTS AFFAIRS
India to Host Commonwealth Weightlifting Championships in 2019
  • India will host the 2019 edition of the Commonwealth (Youth, Junior and Senior) Weightlifting Championships.
  • The Executive Board of Commonwealth Weightlifting Federation decided to allot the 2019 edition of the competitions to India.
  • The current edition of the tournament is being held at the Gold Coast, Australia.
  • India's Saikhom Mirabai Chanu (85kg) and K Sanjita Chanu (53kg) bagged a gold medal.
Duleep Trophy cricket tournament to begin today in Lucknow
  • Duleep Trophy cricket tournament begins today in Lucknow, Uttar Pradesh. India Green will take on the India Red in the opening encounter at the newly constructed International Cricket stadium.
  • The Duleep Trophy 2017 season will commence at the newly built Ekana International stadium which will host the opening and the final match while Kanpur’s Green Park stadium will host the other two games.
  • In the 55-year-old history of the Duleep Trophy, Uttar Pradesh hosted the tournament last season when it was played at the Greater Noida Sports Complex ground.
Ankur Mittal Wins Silver at ISSF World Cup
  • India’s Ankur Mittal won his first ISSF World Cup medal by clinching silver in the double trap event of the edition being held in Moscow.
  • Mittal scored 74 points in the final round while the gold medallist James Willett from Australia scored 75 points with a new world record.