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Onam 2016 Celebration in Kerala i. Keralites all over the world celebrated the auspicious 10-day-long harvest festival of the state. It was being celebrated by people of all religions in the Malayalam month of Chingam every year. ii. The State festival of Kerala marked the home-coming of the mythical King Mahabali, who was believed to have ruled Kerala years ago. iii. According to the popular myth, as many were jealous of his popularity, Lord Vishnu sent the Asura king to Paathalam (an imaginary place below the earth) by taking the avatar of Vamana. However, he was granted the permission to visit his subjects from netherworld once in every year iv. The celebration of the 10-day festival begins with the royal parade, known as Atthachamayam, in Thripunithara, Kochi. v. Vallamkali was the ritual of Snake boat race called ‘chundans’ that is a grand event in Kerala nowadays. Huge snake shaped boats rowed by hundreds of oarsmen compete with each other. Huge amounts of cash rewards were distributed as prizes for the winners vi. This 10 day long festival brought in the best of festive spirit among the local people there and was celebrated with much splendor. People burned fire crackers. Andhra Pradesh became the second state to achieve 100% electrification i. Andhra Pradesh became the second state in the country after Gujarat to achieve 100 per cent electrification of households by the latest report. JM Financials published the report based on a national-level survey on electrification in various states. ii. Discussing this through a tele-conference with top officials of the Energy Department Chief Minister N Chandrababu Naidu reported that they would achieve 100 per cent electrification by June-end. iii. He claimed about 35 per cent rural households in states like Uttar Pradesh, Madhya Pradesh, Bihar, Odisha and Assam still lacked access to power supply. iv. Principal Secretary (Energy and Infrastructure)Ajay Jain informed Naidu they were preparing a strategy plan to reduce overall transmission and distribution losses, which currently stood at 10.3 per cent, to single digit by the end of the current financial year. v. An investment of Rs.20,000 crore had been proposed over the next five years to strengthen the transmission and distribution systems and extend power supply connection on demand Exercise YUDH ABHYAS-2016′ began in Uttarakhand – Sep 14 i. Indo-US defence co-operation, a joint military training exercise, ‘YudhAbhyas 2016’ was prepared to be conducted in Uttarakhand from September 14 to 27.The exercise in Chaubattia was being conducted by the headquarter Central Command.
Indo-US Economic Summit begins i. Two days India – US economic summit began in New Delhi on September 14 to provide a valuable opportunity to assess developments across India-US trade relationship, economy and society ii. The summit is hosted by the chamber’s of North India council iii. The leaders augmenting the existing two-way trade to $ 500 billion and will focus on sectors that foster growth. iv. It was inaugurated by US Ambassador to India Richard Verma and addressed by Union Ministers, including Information & Broadcasting Minister Venkaiah Naidu and Food Processing Industries Minister Harsimrat Kaur Badal along with global CEO’s and top executives.
India took US renewable energy dispute to WTO i. India had complained to the World Trade Organization about support given to the renewable energy industry in eight U.S. states. ii. The race to build national solar capacity and grab a chunk of a new global market had become a major new cause of trade friction between big trading powers. iii. India lost a case at the WTO earlier this year after the United States complained about New Delhi’s national solar programme. iv. The complaint alleged the states of Washington, California, Montana, Massachusetts, Connecticut, Michigan, Delaware and Minnesota support their renewables sector with illegal subsidies and domestic content requirements – an obligation to buy local goods rather than imports. v. The WTO statement did not give details of the complaint and there was no immediate comment from India’s trade ministry. vi. But India had voiced concerns in the past about U.S. support for its solar power industry by filing the complaint. India had triggered a 60-day window for the United States to settle the dispute, after which India could ask the WTO to adjudicate. India Declares itself Free from Avian Influenza (H5N1)
BANKING & FINANCE
Axis Bank, BHU team up for banking courses i. Private sector Bank, Axis has tied up with Banaras Hindu University (BHU) to offer specialised banking courses. ii. The bank along with the Faculty of Commerce at BHU will develop the design and curriculum of courses, besides deciding on e-learning modules, structure and courseware. iii. The partnership will offer courses like Masters in Commerce (MCom), Master of Financial Management (MFM), Master of Financial Management (Risk & Insurance) MFM – RI, Master of Foreign Trade (MFT).
Gionee Signs MoU With Haryana Govt For Investment Of Rs 500 Cr i. Gionee mobile phones signed an MoU(Memorandum Of Understanding) with the Haryana state government to set up its phone manufacturing hub in Haryana with an initial investment of Rs 500 crore. ii. The Memorandum of Understanding (MoU) was signed in the presence of Chief Minister
AWARDS & RECOGNITIONS
Three Indian Women Bankers entered in the Fortune 50 Most Powerful Women List based outside the US i. State Bank of India (SBI) chief Arundhati Bhattacharya, ICICI Bank CEO and MD Chanda Kochhar and Axis Bank CEO Shikha Sharma entered the list of 50 most powerful women based outside the United States by Fortune magazine. ii. Banco Santander group executive chairman Ana Botín repeats as No. 1, in a time of economic and political volatility for all. The 2016 list spans 19 countries and is comprised of 16% new names. The top 5 posotions belongs to,
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APPOINTMENTS & RESIGNS
Vishvas Vidu Sapkal accredited as the High Commissioner of India to the Kingdom of Tong i. Vishvas Vidu Sapkal was appointed as the High Commissioner of India to the Kingdom of Tonga on September 14, 2016. ii. Currently he was working as the High Commissioner of India to the Republic of Fiji. Kingdom of Tong: ♦ Capital: Nukuʻalofa ♦ Currency: Tongan paʻanga ♦ King: Tupou VI
ACQUISITIONS & MERGERS
PayU acquires India’s Citrus Pay for $130 million i. Online payments service provider, PayU owned by South Africa’s Naspers Group has agreed to buy Mumbai based rival Citrus Pay for $130 million (Rs 865 crore). ii. The combined entity will compete with players like Paytm and Snapdeal-owned Freecharge. iii. Amrish Rau, MD of Citrus Pay will become CEO of PayU in India. iv. Citrus Pay, one of the fastest growing Indian fintech companies was founded in 2011 by Jitendra Gupta.
SCIENCE & TECHNOLOGY
FM launches the Web Responsive Pensioner’s Service portal i. The Union Minister for Finance & Corporate Affairs Shri Arun Jaitley launched a Web Responsive Pensioner’s Service to help in speedy redressal of pensioner’s grievances on September 14, 2016 in New Delhi. ii. The portal was developed by the Central Pension Accounting Office (CPAO) iii. It provides a one-stop solution for pensioners to access information relating to status of pension cases, and pension payments processed by Central Ministries/Departments and Banks. Other Events: ♦ The O/o Controller General of Accounts (CGA) signed Memorandum of Understanding (MOU) with the Institute of Internal Auditors (IIA) to strengthening the Internal Audit function in line Ministries and Departments of the Government of India. Official website for PM Ujjwala Yojana launched i. The official website of Pradhan Mantri Ujjwala Yojana www.pmujjwalayojana.com launched to curb a number of fake websites which have connection with the Pradhan Mantri Ujjwala Yojana(PMUY) ii. The website contains downloadable forms both in English and Hindi iii. PMUY Toll free number is 18002666696 PMUY: ♦ The Pradhan Mantri Ujjwala Yojana was launched on 1st May 2016 from Ballia in Uttar Pradesh to provide free LPG connections to 5 crore families across the country in the next 3 years. Himachal TCP dept launches Hindi website i. Himachal Pradesh Town and Country Planning department’s Hindi website was launched by Himachal Pradesh TCP Minister Sudhir Sharma. ii. Himachal Pradesh become India’s first state to provide all TCP department services online iii. Anyone can access the e-service through the online portal .Certificates, registration certificates and digital map of buildings are being provided through e-mail. Himachal Pradesh : ♦ Khajjiar is a hill station in Chamba district in Himachal Pradesh. It is also known as mini Switzerland of India.
Indian Railways Men Hockey Team won MCC Murugappa Gold Cup Hockey Tournament i. Indian Railways Team broke the unwritten rule with an impressive performance, barring the defeat to Punjab & Sind Bank in its group (Pool-B). ii. At the final of the 90thAll-India MCC-Murugappa Gold Cup hockey tournament, Railways defeated defending champion Indian Oil Corporation (IOC) 2-1 to win the Trophy. iii. Suresh Babu, chief coach of the Railways, credited the success of the team to its superior fitness. iv. IOC was definitely handicapped without its star forward Deepak Thakur, who was injured in the semifinals.Without such an opportunistic and senior pro, IOC lacked the sting in the forward-line. v. Railways received Rs.5 lakhs and IOC received Rs.2.5 lakhs. A. Vellayan, Chairman, Murugappa Group, issued the prizes.
BOOKS & AUTHORS
Uttarakhand Governor Releases Book By Author Nagrath i. A book titled ‘Shanti ki Talaash mein Zindagi‘ written by author and journalist Radhika Nagrath released by Uttarakhand Governor K K Paul on September 14,2016 in Dehradun. ii. ‘Shanti ki Talaash mein Zindagi’ was written in Hindi language. iii. It is a philosophical treatise written in simple language incorporating interesting examples and anecdotes from day-to-day life Books authored by Radhika Nagrath : ♦ The Carnival of Peac ♦ The Carnival of Peace: Kumbh Teertham Haridwaram ♦ Swami Vivekananda: The Known Philosopher, The Unknown Poet
September 14 – India Celebrates Hindi Diwas Day Hindi Diwas is celebrated across the country on 14th of September to remember the historic occasion of the Hindi. It was started celebrating as a Hindi Diwas as Hindi written in Devnagari script was approved as an official language by the Constituent Assembly at 14th of September in the year 1949. Rajbhasha Awards:- i. President Pranab Mukherjee presented the Rajbhasha awards at Rashtrapati Bhawan on the occasion of Hindi Diwas. ii. Rajbhasha awards are given to the Departments, Ministries, PSUs and Nationalized Banks.