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Pilot Project for ‘Industry 4.0’ launched at the Modern Coach Factory, Raebareli
On September 28, 2019 The Ministry of Railways and Department of Science & Technology in partnership with Indian Institute of Technology(IIT) Kanpur launched a pilot project for implementation of ,‘Industry 4.0’ which is a subset of the 4th industrial revolution, at Modern Coach Factory (MCF) at Raebareli, Uttar Pradesh (UP). This launched project, would be undertaken under the aegis of “Technology Mission for Indian Railways” (TMIR).
i. Industry 4.0: It is the name given to current trends in automation and data exchange in manufacturing technologies for productivity increment. Industry 4.0 makes use of Internet of Things(IoT), Artificial Intelligence(AI), Big Data & Analytics, Machine Learning and Cloud Computing. As Industry 4.0 is a complex system, the architecture will have to be gradually expanded in phased manner only inorder to achieve Overall Equipment Effectiveness (OEE)……………………….Click here to Read more
Tribal Affairs Ministry inaugurates National Tribal Festival “Aadi Mahotsav 2019” in Noida, Uttar Pradesh
On September 28, 2019, The Minister of State for Tribal Affairs, Shri Renuka Singh has inaugurated the National Tribal Festival, ‘Adi Mahotsav 2019‘, which focuses on rich tribal culture, crafts, food and commerce, at India Expo Centre, Noida, Uttar Pradesh (UP).
i. Organized by the tribal ministry, the Festival has70 stalls of the exhibition cum-sale center, where tribal handicrafts, art, paintings, textiles, jewelry has been displayed. About 200 tribal artisans from all over the country participated in this festival.
ii. Tribal garments manufactured in Jammu and Kashmir (J&K) in the North to Tamil Nadu in the South and Gujarat in the West to Nagaland /Sikkim in the East available at the festival.
iii. For the first time tribal artisans received credit / debit card payments through Point of Sale (PoS) machine. For this, State Bank of India(SBI) has provided special training.
iv. TRIBES India has tied up with Amazon, Snapdeal, Flipkart, Paytm and Government of India portal Gem(Government e-Market place). Apart from this, TRIBES India has its own e-commerce portal – http://www.tribesindia.com.
v. During the inauguration, Shri Deepal Khandekar, Secretary, Tribal Affairs and Shri R.C. Meena, Chairman, TRIFED (Tribal Cooperative Marketing Development Federation of India)were also present.
About Ministry of Tribal Affairs:
♦ Founded: 1999
♦ Headquarters: New Delhi
♦ Cabinet Minister :Arjun Munda
♦ Formation: 1987
♦ Headquarter: New Delhi
Overview of Prime Minister Narendra Modi’s visit to the United States
The Prime Minister (PM) of India Mr Narendra Modi visited United States (US) from September 21-27, 2019.
- PM Modi attended the “Howdy, Modi” event at NRG stadium in Houston, Texas along with the US President Donald J Trump. He addressed the Indian community over fifty thousand and extended an invitation to President Trump and his family to visit India.
- PM addressed the 74th Edition of United Nations (UN) Climate Action Summit 2019 in New York, United States which was held under the theme “Climate Action Summit 2019: A Race We Can Win. A Race We Must Win”.
- The India-Pacific Islands Developing States (PSIDS) Leaders’ Meeting was held on September 24, 2019 in New York on the sidelines of the 74th UNGA. Prime Minister Narendra Modi met the leaders of the Pacific Island countries.
- PM Modi received the Global Goalkeeper Award 2019 at Lincoln Centre by Bill and Melinda Gates Foundation for Swachh Bharat Abhiyan (SBA)………………Click here to Read more
BANKING & FINANCE
RBI Placed Lakshmi Vilas Bank Under Prompt Corrective Action(PCA) Framework
On September 27, 2019, The country’s central bank, Reserve Bank of India (RBI) has put the Prompt Corrective Action (PCA) Framework against Lakshmi Vilas Bank (LVB) after an inquiry against the directors of the bank over the alleged fraud.
i. RBI puts the bank in PCA due to reasons like high net NPA (Non Performing Assets), insufficient capital to risk-weighted assets ratio (CRR) and Common Equity Tier 1 (CET1) negative RoA (Return on assets) for two consecutive years and high leverage, based on the on-site inspection under the Risk Based Supervision carried out for the year ended 31 March, 2019. The bank’s net NPA registered at 7.49%, capital adequacy ratio was at 7.72% and its RoA was -2.32% as on March 2019…………………….Click here to Read more
Basel-based BIS launches ‘green’ bond fund for central banks to promote green finance
On September 26, 2019, In the latest dimension of global central bank’s interest in environmental sustainability, the Bank of International Settlements (BIS) has launched a dollar green bond fund enabling central banks around the world to invest in “green bonds”.
i. It is an open ended bond & drawn the pool of assets from a global group of central banks to develop green finance through sizeable climate-friendly investments. It is structured under the swiss law & will be managed in-house by Asset Management handout of BIS, which is owned by 60 central banks
ii. The bonds which has eligible for inclusion in the fund should have a minimum rating of A- and adhere to the International Capital Market Association’s (ICMA) Green Bond Principles or the Climate Bond Standard published by the Climate Bonds Initiative (CBI)………………...Click here to Read more
AWARDS & RECOGNITIONS
President of India, Shri Ram NathKovind awarded Shanti Swarup Bhatnagar Prizes 2019
On September 26, 2019, the president of India Shri Ram NathKovind, presented the 2019 Shanti Swarup Bhatnagar Prizes on the occasion of 77th Council of Scientific and Industrial Research (CSIR) Foundation Day in New Delhi. This award is the highest multidisciplinary science award in India given to people engaged in science and technology. This year, a total of 12 Indians were presented the award in 7 different fields.
|Biological Sciences||Dr. KayaratSai Krishnan, Indian Institute of Science Education and Research(IISER), Pune. & Dr. SoumenBasak, National Institute of Immunology (NII), New Delhi|
|Chemical Sciences||Dr. Raghavan B Sunoj, India Institute of Technology(IIT), Bombay & Dr. Tapas Kumar Maji, Jawahar Lal Nehru Centre for Advanced Scientific Research (JNCASR), Bengaluru|
|Earth, Atmosphere, Ocean and Planetary Sciences||Dr. Subimal Ghosh, IIT, Bombay|
|Engineering Sciences||Dr. Manik Varma, Microsoft Research(MSR) India, Bengaluru.|
|Mathematical Sciences||Dr. DishantMayur Bhai Pancholi Institute of Mathematical Sciences(IMSc), Chennai|
Dr. Neena Gupta, Indian Statistical Institute (ISI), Kolkata
|Medical Sciences||Dr. Dhiraj Kumar, International Centre for Genetic Engineering and Biotechnology(ICGEB), New Delhi.|
Dr. Mohammad Javed Ali, LV Prasad Eye Institute(LVPEI), Hyderabad
|Physical Sciences||Dr. Aninda Sinha, Indian Institute of Science(IISc), Bengaluru.|
Dr. Shankar Ghosh, Tata Institute of Fundamental Research(TIFR), Mumbai
♦ The award is given since 1958 as an honour to founder Director of the Council of Scientific & Industrial Research (CSIR) India, the late Dr (Sir) Shanti Swarup Bhatnagar and hence the award name ‘Shanti Swarup Bhatnagar (SSB) Prize for Science and Technology’.
♦ Award: The award comprises a citation and a plaque, and a cash award of Rs 5 lakhs. In addition to it, recipients get Rs 15,000 per month up to the age of 65 years.
♦ OCI and PIO eligibility: Any overseas citizen of India (OCI) and persons of Indian origin (PIO) working in India and engaged in research in the field of science and technology up to the age of 45 years are eligible for the award.
Archeologist Dr. G. B. Deglurkar conferred with 31st Punyabhushan Award for 2019
The Vice President of India Mr Venkaiah Naidu presented 31st Punyabhushan Award for 2019 to eminent Archeologist, Dr. G.B. Deglurkar in recognition of his immense contribution in the field of Archaeology during the ceremony held in Pune, Maharashtra. The event was organised by Pune based Punyabhushan Foundation.
i. The award comprised of Rs.1 lakh cash and a memento showing young Shivaji Maharaj ploughing the land in Pune with a gold hoe.
ii. Other honours: Injured war heroes and matyr’s mothers Mrs Lata Nair, Rifle Man Thansingh, Grenade Man Balbir Singh, Naik Phoolsingh, Havaldar Pramod Sapkal and Havaldar Govind Biradar were also felicitated during the event.
iii. Other members present: The Founder of Sancheti Hospital, Dr. K.H. Sancheti, the Founder of Symbiosis International University, Dr. S.B. Majumdar, eminent classical vocalist, Dr. Prabha Atre, former Captain of Indian Cricket Team, Shri Chandrakant Borde, the President, Punyabhushan Foundation, Dr. Satish Desai were among the dignitaries present during the ceremony.
About Punyabhushan Award:
It is awarded every year to an eminent personality from the field of art, music, culture, science, industry, social service, or sports. It was first awarded in 1989.
APPOINTMENTS & RESIGNS
Air Marshal HS Arora appointed as new IAF Vice Chief and B Suresh appointed as head of Western Command
On September 27, 2019 Air marshal HS Arora who currently heads the Gandhinagar (Gujarat) headquartered South Western air command was appointed as the new Indian Air Force(IAF) Vice Chief. He will succeed Air Marshal Rakesh Kumar Singh Bhadauria who will take over as the Chief of Air Staff on September 30, 2019.
i. Air marshal B Suresh who is currently the air officer commanding-in-chief(AOC in C) was appointed as the Western Air commander of the IAF and will succeed kargil war veteran Air Marshal RaghunathNambiar on October 31, 2019……………………….Click here to Read more
Suresh Chitturi becomes the first Asian to be appointed as chairman of the International Egg Commission
On September 26, 2019 Suresh Chitturi, Vice Chairman(VC) and Managing Director(MD) of India’s poultry firm Srinivasa Farms was appointed as the new Chief of the International Egg Commission(IEC) for a 2-year tenure. His appointment was announced at the IEC Global Leadership Conference in Copenhagen, the capital of Denmark.He succeeds Tim Lambert from Canada.Key points
He is also the first chair from Asian region. He also served as the vice chief of IEC for 2 years since 2017.
It is a membership organisation dedicated to the global egg industry.
World Egg Day is celebrated on the second Friday of October and was constituted by IEC at a conference held in Vienna in 1996.
DHFL Board approves Vaijinath M. Gavarshetty as its CEO & and key managerial personnel from October 1, 2019
On September 28, 2019, The board of directors of Dewan Housing Finance Corporation Ltd (DHFL- a deposit-taking housing finance company) has approved the appointment of Vaijinath M. Gavarshetty as its new Chief Executive Officer (CEO) and key managerial personnel of the company with effect from October 1, 2019. He will succeed Harshil Mehta. Harshil Mehta resigned in Feb 2019 after that Kapil Wadhwan, chairman and managing director of DHFL, held the additional responsibility of CEO.
i. Vaijinath has over 33 years of professional experience in Banking with State Bank of India (SBI) in various capacities & positions, including as Chief General Manager (CGM) and head of SBI’s Real Estate & Housing Business Vertical and also as a nominee Director on the Board of a Corporate.
ii. After retirement, he has been working as an advisor with India Mortgage Guarantee Corporation, Syndicate Bank as also Kuliza Technologies Pvt. Ltd and with Pranjal International Resolutions Pvt. Ltd., Mumbai, he served as a member of the Advisory Board.
iii. From the second half of 2018 (FY-Fiscal year 2019), DHFL has been under substantial financial stress when the then CEO Harshil Mehta stepped down from the post.
♦ Founded: 11 April 1984
♦ Founder: Rajesh Wadhawan
♦ Headquarters: Mumbai,Maharashtra
♦ Chairman & Managing director: Kapil Wadhawan
SCIENCE & TECHNOLOGY
ISRO initiated ‘Project NETRA’- A space situational awareness step to detect debris and other hazards to Indian satellites
The Indian Space Research Organisation(ISRO) has initiated ‘Project NETRA’ in the middle of its Chandrayaan campaign last month, in-order to detect debris in space and other hazards in Indian satellites which would act as a step for Space Situational Awareness(SSA). The project is estimated to be worth of Rs. 400 Crore.
i. SSA: India will have its own SSA like other space powers in predicting debris to Indian satellites and this SSA will be the first for low-earth orbits (LEO). It will have remote-sensing spacecraft.
ii. NETRA: ISRO plans to add observational facilities like connected radars, telescopes, data processing units and a control centre under NETRA which has the ability to track objects/debris as small as 10cm upto a range of 3400km and also equal to space orbit of 2000km.
- Goal- NETRA’s goal is to capture the geosynchronous equatorial orbit(GEO) at 36,000 km where communication satellites operate…………………….Click here to Read more
Rajnath Singh commissions 2nd INS Khanderi attack submarine, 1st P-17 Shivalik-class frigate INS Nilgiri & the largest aircraft carrier drydock
On September 28, 2019, The Defence Minister of India, Mr Rajnath Singh commissioned India’s second Scorpene-class attack submarine INS Khanderi, India’s first P-17 Shivalik-class frigate INS Nilgiri and the largest aircraft carrier drydock into the Indian Navy in a ceremony held at the Mazagon Docks in Mumbai, Maharashtra in the presence of Navy chief Admiral Karambir Singh and others.
i. The motto of INS (Indian Navy Ship) Khanderi is ‘Akhand Abhedya Adrishya’ that implies unity of the crew and its stealth capabilities. Its name and features are inspired by the fish named ‘Kanneri’, found in Arabian Sea.
ii. Launched in August 2017, it is the second class attack submarine under Project 75, the first being INS Kalvari……………………….Click here to Read more
Scientists discover 8th continent, “Greater Adria” hidden under Europe
On September 27, 2019 Geologists under the principal researcher Douwe van Hinsbergen, Professor at Utrecht University, Netherlands, have discovered a new continent named “Greater Adria” in the mediterranean region under Europe, after successful analysation of mountain ranges from Spain to Iran in detail for 10 years. The discovery of this continent is published in the journal ‘Gondwana Research’.
i. Greater Adria: This Greater Adria island is a piece of continental crust in the size of Greenland. It once separated from North Africa and plunged into the Earth’s mantle under Southern Europe. It took Greater Adria 120 million years to be found by mankind. The only remaining part of this continent is a strip that runs from Turin, Italy via the Adriatic Sea in the Italian peninsula, hence the name “Greater Adria”…………………….Click here to Read more
England women’s wicketkeeper Sarah Taylor announces retirement from international cricket
On September 27, 2019 England women’s wicket-keeper Sarah Taylor aged 30 retired from international cricket career. The announcement was made by England Cricket Board(ECB).Key points
i. Taylor made her debut in T20I(twenty twenty International) in 2006 where England was defeated by India in the finals. She made 226 international appearances scoring 6533 runs which is a second on England Women’s all-time list of run-scorers.
ii. Achievement: On 1 September 2008 she became the youngest woman cricketer to score 1000 runs in One Day Internationals(ODI) when she scored 75 not out at Taunton(England) in England’s 10 wicket win against India.
♦ Capital- London.
♦ Currency- Pound sterling.
♦ Prime Minister- Boris Johnson.
BOOKS & AUTHORS
Award-winning author Siddharth Dhanvant Shanghvi comes out with a new book titled “Loss”
Mumbai based Indian author Siddharth Dhanvant Shanghvi (42) is coming back with a new book entitled “Loss” which is a record on death and grief, drawing on a stock of personal losses of his parents and a beloved pet (Bruschetta). The book has been published by HarperCollins India.
i. Loss ,a collection of three essays, has takes the reader down the dark, winding path to healing.It is scheduled to come out in the summer of 2020.
ii. Some of the other books by Siddharth are, “The Last Song of Dusk” (won the Betty Trask Award, one of the UK’s (United Kingdom) most prestigious prizes for debut novels), “The Lost Flamingoes of Bombay” (shortlisted for the Man Asian Prize ) and “The Rabbit & the Squirrel”.
World Rabies Day 2019 observed on September 28
World Rabies Day (WRD) was observed on September 28, 2019 under the theme “Rabies: Vaccinate to Eliminate”. This 13th annual observance raises awareness about rabies disease and its preventable measures. Rabies is a viral disease that causes inflammation of the brain (acute encephalitis) in warm-blooded animals. It is a zoonotic disease i.e. transmitted from one species to another, commonly by a bite from an infected animal such as dogs to humans.Key Points:
i. WRD was initiated by Kansas, United States based Global Alliance for Rabies Control (GARC) and was first held in 2007.
ii. It also marks the death anniversary (September 28,1895) of Louis Pasteur, a French chemist and microbiologist who had developed the first rabies vaccine.
iii. There is a target to eliminate rabies deaths by 2030.
International Day for Universal Access to Information 2019 observed on September 28
International Day for Universal Access to Information (IDUAI), also known as Access to Information Day was observed on September 28, 2019 under the theme “Leaving No One Behind!”. This 4th annual observance promotes the idea that every individual in the world has the right to seek and receive information.Key Points:
i. IDUAI was first observed in 2016 by United Nations Educational, Scientific and Cultural Organization (UNESCO) after the adoption of 38 C/Resolution 57.
ii. This year, it was observed with a series of ‘Open Talks’ and the global level Open Talk event was held in Lima, Peru.
iii. IDUAI is also connected with the United Nations Sustainable Development Goals (UNSDG) Agenda 2030 with special reference to SGD 2 (Zero Hunger), SDG 11 (Sustainable Cities and Communities) and SDG 16 (Peace and Justice Strong Institutions).
♦ Headquarters: Paris, France
♦ Director General: Audrey Azoulay
Delhi HC chief D.N Patel launched ‘Delhi High Court’ app for lawyers and litigants
On September 26, 2019 the DelhiHigh Court(HC) has launched official mobile app named “Delhi High Court” for lawyers and litigants (person involved in a lawsuit). The app was launched by its Chief Justice(CJ) DhirubhaiNaranbhai Patel.Key points
i. App use: The app provides details about case status, display board, cause list and access to other important links of the website of HC. Under the ‘Advocate Login’ section in the app, a lawyer can keep and manage personal case diary online. The ‘important links’ section allows information access of CJ, sitting judges, their roster, judgments, case history etc.
ii. Features: The app can also be accessed by a guest user, thus allowing the litigants to apply for entry pass issuance to visit the HC. Advocates registered with the high court’s e-filing software will also be able to apply for the e-inspection and online gate pass. The HC’s cause list and calendar will also be available in the app.
iii. Availability: The app is currently available for Android devices in Google Play Store and soon would be made available for Iphone devices in its App store.
♦ Chief minister– Arvind Kejriwal.
♦ Governor– Anil Baijal.
♦ Deputy Chief Minister– Manish Sisodia.
Indian writer, V J James’s novel ‘Nireeswaran’ wins Vayalar Ramavarma Memorial Literature Award 2019
An Indian writer who primarily writes in Malayalam language, V. J. James’s novel ‘Nireeswaran’ (Atheist,a person who disbelieves or lacks belief in the existence of God) has been selected for the Vayalar Ramavarma Memorial Literature Award 2019.
The author would be presented with this award at a function held in Thiruvananthapuram on October 27,2019, the death anniversary of the late Ramavarma.
i. The award carries a cash prize of Rs 1-lakh, a sculpture designed by Kanayi Kunhiraman and felicitation letter.
ii. Hailing from Vazhappally in Changanassery (Kerala), V. J. James is an engineer in Vikram Sarabhai Space Centre (VSSC) in Thiruvananthapuram, Kerala. His novel ‘Nireeswaran’ poses the principles of God and faith. It has been published by D.C. Books.
iii. James’s major works include ‘Purappadinte Pusthakam’, ‘Dathapaharam’ and ‘Chorashatram’ .
About Vayalar Award:
It is given for the best literary work in Malayalam. The award was instituted in 1977 by the Vayalar Ramavarma Memorial Trust in memory of the poet and lyricist Vayalar Ramavarma (1928-1975).
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